Misallocation and manufacturing tfp in china and india
By: Chang-Tai Hsieh, Peter J. Klenow
Contributors: Klenow, Peter J.; National Bureau of Economic Research
Series: NBER working paper series -- working paper 13290; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13290.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "Resource misallocation can lower aggregate total factor productivity (TFP).  We use micro data on manufacturing establishments to quantify the extent of this misallocation in China and India compared to the U.S.  in recent years.  Compared to the U.S., we measure sizable gaps in marginal products of labor and capital across plants within narrowly-defined industries in China and India.  When capital and labor are hypothetically reallocated to equalize marginal products to the extent observed in the U.S., we calculate manufacturing TFP gains of 25-40% in China and 50-60% in India"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 8/21/2007.

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