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Information, Misallocation and Aggregate Productivity

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NBER2014-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20340
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资源简介:
We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and output. In our setup, firms look to a variety of noisy information sources when making input decisions. We devise a novel empirical strategy that uses a combination of firm-level
创建时间:
2014-07-01
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