Replication data for: Growth Accounting with Misallocation: Or, Doing Less with More in Singapore
Principal Investigator(s): View help for Principal Investigator(s) John Fernald; Brent Neiman
Version: View help for Version V1
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AEJMacro-20090107_data | 10/12/2019 09:11:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 05:11:PM |
Project Citation:
Fernald, John, and Neiman, Brent. Replication data for: Growth Accounting with Misallocation: Or, Doing Less with More in Singapore. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114201V1
Project Description
Summary:
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We show that in a two-sector economy with heterogeneous capital subsidies and monopoly power, primal and dual measures of TFP growth can diverge from each other as well as from true technology. These distortions give rise to dynamic reallocation effects that imply technology growth needs to be measured from the bottom up rather
than from the top down. Using Singapore as an example, we show how incomplete data can be used to estimate aggregate and sectoral technology growth as well as reallocation effects. Our framework
can reconcile divergent TFP estimates in Singapore and can resolve other empirical puzzles regarding Asian development. (JEL E22, E23, E25, O33, O41, O47)
Scope of Project
JEL Classification:
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E22 Investment; Capital; Intangible Capital; Capacity
E23 Macroeconomics: Production
E25 Aggregate Factor Income Distribution
O33 Technological Change: Choices and Consequences; Diffusion Processes
O41 One, Two, and Multisector Growth Models
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
E22 Investment; Capital; Intangible Capital; Capacity
E23 Macroeconomics: Production
E25 Aggregate Factor Income Distribution
O33 Technological Change: Choices and Consequences; Diffusion Processes
O41 One, Two, and Multisector Growth Models
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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