[宏觀經(jīng)濟(jì)學(xué)研討會(huì)] Finance and Misallocation: Evidence from Plant-Level Data
發(fā)文時(shí)間:2014-11-28
[ECON20141221]
宏觀經(jīng)濟(jì)學(xué)研討會(huì) (總第172期)

【時(shí)間】2014年12月3日(周三)12:15-13:45
【地點(diǎn)】明商0302教室
【主講】鄧敏婕  中國人民大學(xué)經(jīng)濟(jì)學(xué)院
【點(diǎn)評(píng)】薛澗坡  中國人民大學(xué)財(cái)政金融學(xué)院副教授
【主題】 Finance and Misallocation: Evidence from Plant-Level Data (written by Virgiliu Midrigan and Daniel Yi Xu, American Economic Review, 2014)
【摘要】We use producer-level data to evaluate the role of financial frictions in determining total factor productivity (TFP). We study a model of establishment dynamics in which financial frictions reduce TFP through two channels. First, finance frictions distort entry and technology adoption decisions. Second, finance frictions generate dispersion in the returns to capital across existing producers and thus productivity losses from misallocation. Parameterizations of our model consistent with the data imply fairly small losses from misallocation, but potentially sizable losses from inefficiently low levels of entry and technology adoption.
【主持】陳彥斌 教授


人大宏觀經(jīng)濟(jì)學(xué)研討會(huì)(Macro Workshop)旨在追蹤宏觀經(jīng)濟(jì)學(xué)國際最新進(jìn)展,倡導(dǎo)構(gòu)建符合國情的動(dòng)態(tài)優(yōu)化模型,并使用計(jì)算機(jī)模擬研究經(jīng)濟(jì)增長、收入分配和宏觀政策等中國宏觀經(jīng)濟(jì)重大問題。


聯(lián)系人:郭豫媚    Email:Macro_Workshop@163.com
資料下載:www.docin.com/mydoc-88265459-1.html
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