In principle, firms in developing countries benefit from the fact that advanced technologies
and products have already been developed in industrialized countries and can simply be …

This article reviews a framework for studying the aggregation and propagation of
microeconomic shocks in general equilibrium. We discuss the determinants of aggregate …

We quantify the amount of spatial misallocation of labor across US cities and its aggregate
costs. Misallocation arises because high productivity cities like New York and the San …

We develop a methodology to disentangle sources of capital “mis-allocation,” ie, dispersion
in value-added/capital. It measures the contributions of technological/informational frictions …

There is currently much discussion in China about anti-corruption, optimization of the
allocation of resources, and ecological protection. This study considers data from 2006 to …

Although the literature shows that financial inclusion provides rural poor households and
businesses with much needed credit to increase income, whether it achieves the goal …

We use household‐level panel data from China and a quantitative framework to document
the extent and consequences of factor misallocation in agriculture. We find that there are …

Standard measures of productivity display enormous dispersion across farms in Africa. Crop
yields and input intensities appear to vary greatly, seemingly in conflict with a model of …

The ratio of revenue to inputs differs greatly across plants within countries such as the US
and India. Such gaps may reflect misallocation which lowers aggregate productivity. But …

Italy and Germany have similar geographical differences in firm productivity—with the North
more productive than the South in Italy and the West more productive than the East in …