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Replication data for: Finance and Development: A Tale of Two Sectors

Version
V0
Resource Type
Dataset
Creator
  • Buera, Francisco J.
  • Kaboski, Joseph P.
  • Shin, Yongseok
Publication Date
2011-08-01
Description
  • Abstract

    We develop a quantitative framework to explain the relationship between aggregate/sector-level total factor productivity (TFP) and financial development across countries. Financial frictions distort the allocation of capital and entrepreneurial talent across production units, adversely affecting measured productivity. In our model, sectors with larger scales of operation (e.g., manufacturing) have more financing needs, and are hence disproportionately vulnerable to financial frictions. Our quantitative analysis shows that financial frictions account for a substantial part of the observed cross-country differences in output per worker, aggregate TFP, sector-level relative productivity, and capital-to-output ratios. (JEL E23, E44, O41, O47)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.101.5.1964 (Text)
Publications
  • Buera, Francisco J, Joseph P Kaboski, and Yongseok Shin. “Finance and Development: A Tale of Two Sectors.” American Economic Review 101, no. 5 (August 2011): 1964–2002. https://doi.org/10.1257/aer.101.5.1964.
    • ID: 10.1257/aer.101.5.1964 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11

Buera, Francisco J.; Kaboski, Joseph P.; Shin, Yongseok (2011): Replication data for: Finance and Development: A Tale of Two Sectors. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112452