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The Sources of Capital Misallocation

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NBER2017-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23129
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资源简介:
We develop a methodology to disentangle sources of capital misallocation, i.e. dispersion in value-added/capital. It measures the contributions of technological/informational frictions and a rich class of firm-specific factors. An application to Chinese manufacturing firms reveals that adjustment
创建时间:
2017-02-01
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