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Replication data for: Misallocation and the Distribution of Global Volatility

Version
V0
Resource Type
Dataset
Creator
  • Eden, Maya
Publication Date
2017-02-01
Description
  • Abstract

    Decreasing returns at the macro level are an outcome of efficiency at the micro level. When inputs are scarce, an efficient economy carries out only the most productive projects; when inputs are abundant, the economy implements less productive projects as well. This link between decreasing returns and efficiency suggests that misallocation can reduce the extent of aggregate decreasing returns. I formalize this connection and establish two main results: (i) misallocation amplifies the volatility of output with respect to fluctuations in inputs; and (ii) financial integration amplifies shocks in relatively distorted economies, but mitigates them in less distorted economies.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.20150314 (Text)
Publications
  • Eden, Maya. “Misallocation and the Distribution of Global Volatility.” American Economic Review 107, no. 2 (February 2017): 592–622. https://doi.org/10.1257/aer.20150314.
    • ID: 10.1257/aer.20150314 (DOI)

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

Eden, Maya (2017): Replication data for: Misallocation and the Distribution of Global Volatility. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E113045