dc.contributor.author | Chen, Kaiji | |
dc.contributor.author | Irarrazabal, Alfonso | |
dc.date.accessioned | 2016-01-29T09:28:47Z | |
dc.date.available | 2016-01-29T09:28:47Z | |
dc.date.issued | 2015 | |
dc.identifier.citation | Review of Economic Dynamics, 18(2015)3:523-550 | nb_NO |
dc.identifier.issn | 1094-2025 | |
dc.identifier.issn | 1096-6099 | |
dc.identifier.uri | http://hdl.handle.net/11250/2375245 | |
dc.description | This is the accepted and refereed manuscript to the article | nb_NO |
dc.description.abstract | The Chilean economy experienced a decade of sustained growth in aggregate output
and productivity after the 1982 nancial crisis. This paper analyzes the role of allocative
e¢ ciency on total factor productivity (TFP) in the manufacturing sector by applying the
methodology of Hsieh and Klenow (2009) to establishment data from the Chilean manu-
facturing census. We nd that a reduction in resource misallocation accounts for about 40
percent of the growth in manufacturing TFP between 1983 and 1996. In particular, a reduc-
tion in the least productive plants implicit output subsidies is the primary reason for the
reduction in resource misallocation during this period. Moreover, these plants enjoyed above
industry-average growth in physical productivity, contributing to the overall improvement
in e¢ cient TFP after the nancial crisis. Our evidence suggests that Chile s banking reform
during the early and mid-1980s is likely to have played an important role in the observed
improvement in allocative e¢ ciency. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Elsevier | nb_NO |
dc.title | The role of allocative efficiency in a decade of recovery | nb_NO |
dc.type | Journal article | nb_NO |
dc.type | Peer reviewed | nb_NO |
dc.source.journal | Review of Economic Dynamics | nb_NO |
dc.identifier.doi | 10.1016/j.red.2014.09.008 | |
dc.description.localcode | 2, Forfatterversjon | nb_NO |