dc.contributor.author | Da Rocha Álvarez, José María | |
dc.contributor.author | Restucia, Diego | |
dc.contributor.author | Tavares, Marina Mendes | |
dc.date.accessioned | 2019-03-05T08:57:31Z | |
dc.date.available | 2021-01-31T00:15:04Z | |
dc.date.issued | 2019-01 | |
dc.identifier.citation | Journal of Economic Dynamics and Control, 98, 60-81 (2019) | spa |
dc.identifier.issn | 01651889 | |
dc.identifier.uri | http://hdl.handle.net/11093/1195 | |
dc.description.abstract | We study the impact of firing costs on aggregate total factor productivity (TFP) in a dynamic general-equilibrium framework where the evolution of establishment-level productivity is not invariant to the policy. Firing costs not only generate static factor misallocation, but also distort the selection of establishment's growth by size, contributing to larger aggregate TFP losses. Numerical experiments indicate that firing costs equivalent to 5 year's wages imply a reduction in TFP of more than 20%. Factor misallocation accounts for 20% of the productivity loss, whereas the remaining 80% arises from distorted selection in the productivity process. | spa |
dc.language.iso | eng | spa |
dc.publisher | Journal of Economic Dynamics and Control | spa |
dc.title | Firing costs, misallocation, and aggregate productivity | spa |
dc.type | article | spa |
dc.rights.accessRights | openAccess | spa |
dc.identifier.doi | doi.org/10.1016/j.jedc.2018.09.005 | |
dc.identifier.editor | https://dx.doi.org/10.1016/j.jedc.2018.09.005 | spa |
dc.publisher.departamento | Fundamentos da análise económica e historia e institucións e | spa |
dc.publisher.grupoinvestigacion | ECOSOT: Economía, Sociedade e Territorio | spa |
dc.subject.unesco | 5307.03 Modelos y Teorías del desarrollo Económico | spa |
dc.subject.unesco | 5307.04 Estudios de desarrollo económico | spa |
dc.subject.unesco | 5307.14 Teoría Macroeconómica | spa |
dc.date.updated | 2019-02-27T06:48:53Z | |
dc.computerCitation | pub_title=Journal of Economic Dynamics and Control|volume=98|journal_number=|start_pag=60|end_pag=81 | spa |
dc.references | For helpful comments we thank participants at the Macroeconomics and Business CYCLE Conference in Santa Barbara and Universidade de Vigo. All remaining errors are our own. Restuccia gratefully ac- knowledges the financial support from the Canada Research Chairs program and the Social Sciences and Humanities Research Council of Canada. Mendes Tavares gratefully acknowledges the financial support of DIFD. Da Rocha gratefully acknowledges the financial support of Xunta de Galicia (ref. GRC2015/014). | spa |