FINANCE AND DEVELOPMENT: A TALE OF TWO SECTORS

By Francisco J. Buera, Joseph P. Kaboski, Yongseok Shin. 2011

1,111 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Information Systems

View Paper: https://www.semanticscholar.org/paper/9fefad81fc08c7decfb2cf731e52825538ae4d14

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Citations in the corpus

Misallocation of Capital in a Model of Endogenous Financial Intermediation and Insurance (2011, neutral): “In the quantitative macro models, resource reallocation derived from removing inefficiencies in credit markets has large effects on output and measured TFP (see, among others, Buera et al. (2010), Erosa and Hidalgo-Cabrillana (2010), or Moll (2010)).”
Universal Basic Income in the Developing World (2019, positive): “Fafchamps et al. (2014) find an even larger effect in Ghana of a cash grant of $120 to micro-entrepreneurs; sales revenues go up by 15% per month. McKenzie (2008) report returns that are astronomically high (over 20% a month) from a similar experiment in Mexico where micro-entrepreneurs were given $”
Information, Misallocation, and Aggregate Productivity (2016, background): “to recent work on the aggregate implications of misallocated resources, for example, Hsieh and Klenow (2009), Restuccia and Rogerson (2008), Guner et al.”
Land Reform and Productivity: A Quantitative Analysis with Micro Data (2019, positive): “We note that the importance of selection into the overall misallocation effect caused by the land reform is reminiscent of the effect of financial frictions in models of production heterogeneity, for instance Buera et al. (2011) and Midrigan and Xu (2014). In contrast, under the market-based redistr”
Zombie Credit and (Dis-)Inflation: Evidence from Europe (2020, background): “Buera et al. (2011) analyze the the relationship between total factor productivity and financial development across countries. the firm level, respectively.”
Productivity Losses from Financial Frictions: Can Self-Financing Undo Capital Misallocation? (2014, background): “…is most closely related and complementary to a series of more recent, quantitative papers relating financial frictions to aggregate productivity (Jeong and Townsend 2007; Quintin 2008; Amaral and Quintin 2010; Buera, Kaboski, and Shin 2011 and all of them feature purely quantitative exercises.”
On the Measure of Distortions (2014, background): “Among the factors explaining the disparity of aggregate productivity across countries, the misallocation of resources across firms has been receiving much attention in recent papers [1, 2, 3, 4, 5, 8, 12].”
Court Enforcement and Firm Productivity: Evidence from a Bankruptcy Reform in Brazil (2013, positive): “I assume that firms must borrow to pay the fixed cost and that the maximum amount they can borrow depends on two parameters: one captures the strength of creditor protection 1See also: Banerjee and Moll (2010); Buera et al. (2011) and Caselli and Gennaioli (2011).”
Trade Liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters (2013, background): “It's growth in prior years, by contrast, averages just 17 percent.(17) Data in the lower panel of Table 1 indicates that the surge in MFA-UEC export value in 2005 is accompanied by a 96 percent increase in the number of MFA-UEC exporters.”
External financing and the role of financial frictions over the business cycle: Measurement and theory (2017, positive): “Our modelling approach is also similar to an extensive literature that analyzes the effects of financial frictions on misallocation and Total Factor Productivity, such as Midrigan and Xu (2010), Buera et al. (2011), and Moll (2011).”