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Replication data for: The Sources of Capital Misallocation

Version
V0
Resource Type
Dataset
Creator
  • David, Joel M.
  • Venkateswaran, Venky
Publication Date
2019-07-01
Description
  • Abstract

    We develop a methodology to disentangle sources of capital "misallocation," i.e., dispersion in value-added/capital. It measures the contributions of technological/informational frictions and a rich class of firm-specific factors. An application to Chinese manufacturing firms reveals that adjustment costs and uncertainty, while significant, explain only a modest fraction of the dispersion, which stems largely from other factors: a component correlated with productivity and a fixed effect. Adjustment costs are more salient for large US firms, though other factors still account for the bulk of the dispersion. Technological/markup heterogeneity explains a limited fraction in China, but a potentially large share in the United States.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.20180336 (Text)
Publications
  • David, Joel M., and Venky Venkateswaran. “The Sources of Capital Misallocation.” American Economic Review 109, no. 7 (July 2019): 2531–67. https://doi.org/10.1257/aer.20180336.
    • ID: 10.1257/aer.20180336 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

David, Joel M.; Venkateswaran, Venky (2019): Replication data for: The Sources of Capital Misallocation. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116209