Misallocation and Financial Market Frictions: Some Direct Evidence from the Dispersion in Borrowing Costs

By Simon Gilchrist, J. Sim, Egon Zakraǰsek. 2012

178 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/2781ac2e3b33074e16cc3c55038c5c305ebffcd0

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1. Guiying Wu

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Citations in the corpus

• Capital misallocation in China: Financial frictions or policy distortions? (2018, background): “=3 and = 0:15, standard values imposed by the literature, such as Midrigan and Xu (2014) and Gilchrist et al. (2013), with an average variance of logMRPKi;t around 0.71 across years, the aggregate TFP loss in China is about 29 percent due to capital misallocation.”