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- W2349354091 abstract "In recently years,firm-level data show substantial dispersion in the productivity,even for firms in narrowly defined industries.Furthermore,the distribution of firm scale is weakly correlated to the distribution of productivity.This paper shows that misallocation,as results of imperfection of markets,is behind these facts.Empirical results disclose that market distortion explains the substantial part of dispersion in the productivity for firms in the same industry,and we calculate manufacturing TFP gains of 40% in four industries if market distortion is removed.Finally,we find that regional border effect and imperfection of financial markets contribute to the market distortion while subsidies and ownership do not." @default.
- W2349354091 created "2016-06-24" @default.
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- W2349354091 date "2011-01-01" @default.
- W2349354091 modified "2023-09-28" @default.
- W2349354091 title "Market Distortion,Inter-enterprises' Resource Allocation and Productivity in Manufacturing Sector" @default.
- W2349354091 hasPublicationYear "2011" @default.
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