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Potential Growth, Misallocation, and Institutional Obstacles: Firm-Level Evidence

dc.contributor.authorMiguel León-Ledesma
dc.date.accessioned2018-11-25T18:25:48Z
dc.date.available2018-11-25T18:25:48Z
dc.date.issued2016-04-30
dc.identifier.issn2313-6537 (Print)
dc.identifier.issn2313-6545 (e-ISSN)
dc.identifier.urihttp://hdl.handle.net/11540/8812
dc.description.abstractOne of the key determinants of potential growth are productivity gains. Total factor productivity (TFP) differences are the main determinant of per capita income differences between countries. A key factor to understand TFP is misallocation: the aggregate productivity loss from microeconomic distortions that prevent factors of production from being allocated to their optimal use. If misallocation is a key determinant of TFP differences, then reallocation of factors of production is a key driver of productivity gains. Since distortions preventing misallocation can be driven by institutional obstacles, then policies focused on the removal of these obstacles will affect potential growth. In this paper, we use a firm-level database for 62 developing countries to analyze which are the most important institutional obstacles driving misallocation. Our results highlight the importance of trade regulations, the functioning of courts, and access to finance as key determinants of misallocation within countries. Political instability, labor regulations, and access to infrastructure, appear as relevant obstacles explaining misallocation between countries.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.titlePotential Growth, Misallocation, and Institutional Obstacles: Firm-Level Evidence
dc.typeWorking Papers
dc.subject.expertDevelopment
dc.subject.expertTrade
dc.subject.expertDevelopment Goals
dc.subject.expertSkills Development
dc.subject.expertSustainable Development
dc.subject.expertTrade Flows
dc.subject.expertTrade And Development
dc.subject.expertFood Security And Trade
dc.subject.expertTrade Volume
dc.subject.expertTrade Potential
dc.subject.expertTrade Flows
dc.subject.expertExternal Trade
dc.subject.expertIndustrial policy
dc.subject.expertNew technology
dc.subject.expertInnovations
dc.subject.expertIndustry
dc.subject.expertExport policy
dc.subject.expertImport policy
dc.subject.expertTrade Unions
dc.subject.adbDevelopment assistance
dc.subject.adbADB
dc.subject.adbCurriculum development
dc.subject.adbDevelopment assistance
dc.subject.adbDevelopment aid
dc.subject.adbDevelopment indicators
dc.subject.adbDevelopment potential
dc.subject.adbDevelopment models
dc.subject.adbProject appraisal
dc.subject.adbPerformance appraisal
dc.subject.adbRegional development bank
dc.subject.adbTrade development
dc.subject.adbImport volume
dc.subject.adbExport volume
dc.subject.naturalCapital
dc.subject.naturalBusiness
dc.subject.naturalCommunication in rural development
dc.subject.naturalSocial participation
dc.subject.naturalOccupational training
dc.subject.naturalPartnership
dc.subject.naturalJoint venture
dc.subject.naturalSystem analysis
dc.subject.naturalLabor and globalization
dc.subject.naturalLabor policy
dc.subject.naturalRegional trading blocs
dc.subject.naturalForeign trade and employment
dc.subject.naturalDeveloping countries
dc.subject.naturalIndustrial priorities
dc.subject.naturalTechnological innovation
dc.subject.naturalTechnology transfer
dc.subject.naturalForeign trade regulation
dc.subject.naturalIndustrial relations
dc.subject.naturalTrade-unions
dc.title.seriesADB Economics Working Paper Series
dc.title.volumeNo. 480
dc.contributor.imprintAsian Development Bank
oar.themeDevelopment
oar.themeTrade
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-008512
oar.authorLeón-Ledesma, Miguel
oar.importTRUE
oar.googlescholar.linkpresenttrue


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