Policy distortions and aggregate productivity with heterogeneous establishments

By Diego Restuccia, Richard Rogerson. 2008

1,550 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/d66ec3dee75d30eb4f6818727db78c4350566cc4

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In Economics and Econometrics

Citations in the corpus

Zombie Credit and (Dis-)Inflation: Evidence from Europe (2020, background): “Restuccia and Rogerson (2008) and Hsieh and Klenow (2009) show that the misallocation of resources has a negative effect on productivity.3 Whited and Zhao (2018) extend the analyses to the allocation of debt and equity on firms’ balance sheets and Midrigan and Xu (2014) show that finance frictions…”
Capital Allocation and Productivity in South Europe (2017, background): “Pioneered by Restuccia and Rogerson (2008) and Hsieh and Klenow (2009), the misallocation literature documents large differences in the efficiency of factor allocation across countries and the potential for these differences to explain observed TFP differences.”
Productivity Growth and Capital Flows: The Dynamics of Reforms (2017, neutral): “To generate in a transparent manner resource misallocation in the pre-reform periods and to operationalize the notion of economic reforms, we build upon the literature emphasizing the role of idiosyncratic distortions (Restuccia and Rogerson, 2008; Hsieh and Klenow, 2009; Bartelsman et al., 2009).”
The Great Housing Boom of China (2014, neutral): “Our contribution and value added is to show that such a development 4See, for example, Jeong and Townsend (2007); Restuccia and Rogerson (2008); Guner, Ventura, and Xu (2008); Song, Storesletten, and Zilibotti (2011, 2014); Buera, Kaboski, and Shin (2011); Buera and Shin (2013), Moll (2014) and…”
Heterogeneous Markups, Growth, and Endogenous Misallocation (2020, methodology): “…this paper is motivated by the literature on misallocation which treats misallocation as an exogenous firm-specific wedge (see, for example, Hsieh and Klenow (2009), Restuccia and Rogerson (2008), Bartelsman et al. (2013), David and Venkateswaran (2019), and the survey article by Hopenhayn (2012)).”
JEEA‐FBBVA LECTURE 2013: THE NEW EMPIRICAL ECONOMICS OF MANAGEMENT (2014, background): “These are a way of capturing corruption, size contingent regulations, etc. following Restuccia and Rogerson (2008) and Hsieh and Klenow (2009). margin.”
Misallocation of Capital in a Model of Endogenous Financial Intermediation and Insurance (2011, neutral): “In the literature, entrepreneurs usually do not face any risk from running their businesses as their occupational and input decisions are made after the productivity shock is observed (for example Cagetti and De Nardi (2006), Meh (2008), or Restuccia and Rogerson (2008)).”
On the Measure of Distortions (2014, background): “In a recent paper, [12] examine the potential effects of distortions in an economy similar to the one described here.”
Productivity Losses from Financial Frictions: Can Self-Financing Undo Capital Misallocation? (2014, background): “Finally, I contribute to broader work on the macroeconomic effects of microdistortions (Restuccia and Rogerson 2008; Hsieh and Klenow 2009; Bartelsman, Haltiwanger, and Scarpetta 2013).”
Dynamic Inputs and Resource (Mis)Allocation (2014, background): “See table D.6 for the results based on the entire sample, i.e., for 36 countries instead of 33.”
Taxation and Labor Supply of Married Couples Across Countries: A Macroeconomic Analysis (2018, positive): “In order to get some insights into which factors could generate a negative correlation, we follow the approach pioneered by Chari et al. (2007) and Restuccia and Rogerson (2008), and introduce two country-specific wedges into the model, t̂E and t̂h f , in order to match the country-specific female…”
Export Markets and Labor Allocation in a Low-Income Country (2018, positive): “…in conventional firm-level data.3 The systematic relationship between economic development and household business employment across countries (Restuccia and Rogerson (2008), La Porta and Schleifer (2008)) and large labor productivity differences between household-run businesses and other…”
Models of Growth and Firm Heterogeneity (2010, neutral): “[65] Restuccia, D.”