Work

Firms, Misallocation, and Aggregate Productivity: A Review

Year: 2014

Type: review

Abstract: Firm heterogeneity and the allocation of resources across firms play a key role in determining aggregate productivity. Entry barriers and misallocation can substantially impact productivity, as evidenced in recent work. This article provides a unifying theoretical framework and a review of this literature.

Source: Annual Review of Economics

DOI: 10.1146/annurev-economics-082912-110223

Author: Hugo A. Hopenhayn

Institution: University of California, Los Angeles

Language: English

Topic: Economic Growth and Productivity

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: bronze

Funder: Einaudi Institute for Economics and Finance