Explaining Reallocation's Apparent Negative Contribution to Growth
نویسندگان
چکیده
منابع مشابه
Explaining Reallocation’s Apparent Negative Contribution to Growth in Deregulation-Era Developing Countries
We investigate the findings in several recent studies using plantlevel data that report negative growth in the reallocation component of aggregate labor productivity growth. This empirical finding is also counter to almost all theoretical models of aggregate productivity growth, where inputs reallocate on average from the lower value to higher value activities. We attempt to solve this puzzle f...
متن کاملUncertainty-Induced Reallocations and Growth
Focusing on U.S. data, we show the existence of a significant positive link between uncertainty and reallocation from private to government capital. This link is important because an increase in the aggregate share of government capital forecasts lower medium-term growth. We rationalize these novel empirical findings in a production economy in which the representative agent has an explicit fear...
متن کاملContribution of chlorophyll fluorescence to the apparent vegetation reflectance.
Current strategies for monitoring the physiologic status of terrestrial vegetation rely on remote sensing reflectance data, which provide estimates of vigor based primarily on chlorophyll content. Chlorophyll fluorescence (ChlF) measurements offer a non-destructive alternative and a more direct approach for diagnosis of vegetation stress before a significant reduction in chlorophyll content has...
متن کاملLearning versus Stealing: How Important are Market-Share Reallocations to India's Productivity Growth
The new trade theory emphasizes the role of market-share reallocations across firms (“stealing”) in driving productivity growth, while the older literature focused on average productivity improvements (“learning”). We use comprehensive, firm-level data from India’s organized manufacturing sector to show that market-share reallocations did play an important role in aggregate productivity gains i...
متن کاملExplaining the Negative Returns to Volatility Claims: An Equilibrium Approach
We study the returns to investing in VIX futures and VIX Exchange Traded Notes (ETNs). We document a substantial negative return premium for both ETNs and the futures. For example, the a constant maturity portfolio of one-month VIX futures loses about 30% per year over our sample period (2006-2013). We propose an equilibrium model to explain these negative returns. In this model, increases in v...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1995468