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Replication data for: Finance and Misallocation: Evidence from Plant-Level Data

Version
V0
Resource Type
Dataset
Creator
  • Midrigan, Virgiliu
  • Xu, Daniel Yi
Publication Date
2014-02-01
Description
  • Abstract

    We use producer-level data to evaluate the role of financial frictions in determining total factor productivity (TFP). We study a model of establishment dynamics in which financial frictions reduce TFP through two channels. First, finance frictions distort entry and technology adoption decisions. Second, finance frictions generate dispersion in the returns to capital across existing producers and thus productivity losses from misallocation. Parameterizations of our model consistent with the data imply fairly small losses from misallocation, but potentially sizable losses from inefficiently low levels of entry and technology adoption.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.104.2.422 (Text)
Publications
  • Midrigan, Virgiliu, and Daniel Yi Xu. “Finance and Misallocation: Evidence from Plant-Level Data.” American Economic Review 104, no. 2 (February 2014): 422–58. https://doi.org/10.1257/aer.104.2.422.
    • ID: 10.1257/aer.104.2.422 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Midrigan, Virgiliu; Xu, Daniel Yi (2014): Replication data for: Finance and Misallocation: Evidence from Plant-Level Data. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112733