THE (MIS)ALLOCATION OF CAPITAL
成果类型：
Article
署名作者：
Banerjee, Abhijit V.; Duflo, Esther; Munshi, Kaivan
署名单位：
Massachusetts Institute of Technology (MIT); University of Pennsylvania
刊物名称：
JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
ISSN/ISSBN：
1542-4766
DOI：
10.1162/154247603322391125
发表日期：
2003
页码：
484-494
关键词：
摘要：
Is capital allocated so that its marginal product is equated to the market interest rate? Is the marginal product of capital equalized across its alternative uses? This paper attempts to answer both of these questions using data from India, and concludes that both these standard properties fail by a wide margin. (JEL: O16, G2)
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