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Production Flexibility, Misallocation and Total Factor Productivity

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NBER2017-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23970
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资源简介:
Economy-wide institutional deficiencies causing factor misallocation have been emphasized as essential determinants of aggregate TFP differences. This paper argues that production flexibility at the micro-level is an economic characteristic that should be given priority in TFP aggregation exercises.
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2017-10-01
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