MISALLOCATION AND MANUFACTURING TFP IN CHINA AND INDIA

• 成果类型: Article
• 署名作者: Hsieh, Chang-Tai; Klenow, Peter J.
• 署名单位: University of Chicago; Stanford University; National Bureau of Economic Research; National Bureau of Economic Research
• 刊物名称: QUARTERLY JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0033-5533
• DOI: 10.1162/qjec.2009.124.4.1403
• 发表日期: 2009
• 页码: 1403-1448
• 关键词: REPUBLIC-OF-CHINA; PRODUCTIVITY; size; distortions; countries; turnover; GROWTH; REFORM; TRADE

摘要

Resource misallocation can lower aggregate total factor productivity (TFP). We use microdata on manufacturing establishments to quantify the potential extent of misallocation in China and India versus the United States. We measure sizable gaps in marginal products of labor and capital across plants within narrowly defined industries in China and India compared with the United States. When capital and labor are hypothetically reallocated to equalize marginal products to the extent observed in the United States, we calculate manufacturing TFP gains of 30%-50% in China and 40%-60% in India.