Policy Distortions and Aggregate Productivity with Heterogeneous Plants
Policy Distortions and Aggregate Productivity with Heterogeneous Plants
复制标题
异质工厂的政策扭曲和总体生产力
DOI：
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发表时间：
2007
期刊：
影响因子：
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通讯作者：
Richard Rogerson
中科院分区：
文献类型：
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作者：
Diego Restuccia;Richard Rogerson
我们制定了一个版本的增长模型，其中生产是由异质工厂进行的，并根据美国的数据进行校准。在这个模型的背景下，我们认为在不同的工厂之间资源分配的差异可能是一个重要的因素，在计算人均产出的跨国差异。特别是，我们表明，造成单个生产者所面临的价格异质性的政策可能导致产出和测量TFP在30%至50%范围内的大幅下降。我们表明，这些影响可以由不依赖于总资本积累或总相对价格差异的政策产生。更一般地说，该模型可以用来产生资本积累、相对价格和测量TFP的差异。
We formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous plants may be an important factor in accounting for cross-country differences in output per capita. In particular, we show that policies which create heterogeneity in the prices faced by individual producers can lead to sizeable decreases in output and measured TFP in the range of 30 to 50 percent. We show that these effects can result from policies that do not rely on aggregate capital accumulation or aggregate relative price differences. More generally, the model can be used to generate differences in capital accumulation, relative prices, and measured TFP.