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Google圖書搜尋
The Dynamics of Development
Francisco J. Buera
Roberto N. Fattal-Jaef
其他書名
Innovation and Reallocation
出版
World Bank Group, Development Economics, Development Research Group
, 2018
URL
http://books.google.com.hk/books?id=HQ7awQEACAAJ&hl=&source=gbs_api
註釋
This paper proposes a quantitative model of firm dynamics with endogenous innovation to study growth acceleration episodes triggered by reforms. The authors find that reforms removing barriers to firm entry lead to persistent growth in TFP and declining average firm size, as in the experience of successful post-communist transitions. Reforms that reverse resource misallocation result in more protracted paths of TFP and rising average firm size, as in the experience of non-communist growth accelerations. When calibrating the reforms to data from Chile's and China's growth accelerations, the model can replicate the macro and firm-level features of these episodes.
