Firm-size distribution and cross-country income differences

  • 0.52 MB
  • 6209 Downloads
  • English
by
National Bureau of Economic Research , Cambridge, MA
StatementLaura Alfaro, Andrew Charlton, Fabio Kanczuk.
SeriesNBER working paper series -- working paper 14060, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 14060.
ContributionsCharlton, Andrew., Kanczuk, Fabio, 1969-, National Bureau of Economic Research.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL17088125M
LC Control Number2008610890

Details Firm-size distribution and cross-country income differences FB2

Particular sources of inefficiency, such as credit market imperfections, macroeconomic volatility, defective bankruptcy procedures, or a malfunctioning regulatory environment, drive country-to-country differences in firm size distribution.

Misallocation of resources is a crucial determinant of income dispersion. Firm-Size Distribution and Cross-Country Income Differences Laura Alfaro, Andrew Charlton, and Fabio Kanczuk NBER Working Paper No.

JuneRevised August JEL No. O1 ABSTRACT We investigate, using firm level data for 79 developed and developing countries, whether differencesCited by: Firm-Size Distribution and Cross-Country Income Differences Laura Alfaro Andrew Charlton Fabio Kanczuk Harvard Business School London School of Economics Universidade de São Paulo April Abstract We investigate, using a unique firm level dataset of nearly 20 million firms in 80 countries.

Alfaro, Laura, Andrew Charlton, and Fabio Kanczuk. “Firm-Size Distribution and Cross-Country Income Differences”. CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): We investigate, using firm level data for 79 developed Firm-size distribution and cross-country income differences book developing countries, whether differences in the allocation of resources across heterogeneous plants are a significant determinant of cross-country differences in income per worker.

For this purpose, we use a standard version of the neoclassical growth model. Accounting for Cross-Country Income Di⁄erences: Ten Years Later Francesco Caselli May 1 Introduction My survey of development accounting is often cited as motivation for studies at-tempting to explain cross-country di⁄erences in the e¢ ciency.

distribution are strongly associated with income per capita: the entrepreneurship rate and the fraction of small firms fall with per capita income across countries, while average firm employment, the median and higher percentiles of the firm size distribution, and the dispersion and skewness of employment all rise with per capita income.

Laura Alfaro & Andrew Charlton & Fabio Kanczuk, "Plant-Size Distribution and Cross-Country Income Differences," NBER Chapters, in: NBER International Seminar on MacroeconomicspagesNational Bureau of Economic Research, Firm-size distribution and cross-country income differences book.

cantly overstates cross-country variation in dispersion. I conclude that both SCET and SDDs are important determinants of differences in firm size distributions, and outline some directions for future work.

Related L iterature.—Several studies have documented aspects of the firm size distribution across countries. FRED data can help us evaluate whether this convergence hypothesis holds over time. We take the U.S. as our “benchmark” high-income country and analyze whether other countries are catching up with it.

The graph above shows real GDP per capita in low- and middle-income countries as a ratio to real GDP per capita in the U.S. We would like to show you a description here but the site won’t allow more. Plant-Size Distribution and Cross-Country Income Differences. Laura Alfaro, Andrew Charlton, and Fabio Kanczuk Regional difference-in-differences in France using the German annexation of Alsace-Moselle in Matthieu Chemin and Etienne Wasmer.

Before proceeding, it is useful to check that these results are consistent with the slightly different data used in previous studies. Using the Hall and Jones data set success 1 is (vs.

with ours), and success 2 isas with ours. As is evident, the different decade, country coverage, and methodology in assembling the PWT does not lead to important changes in this basic finding.

9: Accounting for Cross-Country Income Differences 1. Introduction This chapter is about development accounting. It is widely known, and will be found again to be true here, that cross-country differences in income per worker are enormous.

Development accounting uses cross-country data on output and inputs, at one point in. Plant-Size Distribution and Cross-Country Income Differences. Laura Alfaro, Andrew Charlton ISBN Book: NBER International Seminar on Macroeconomics Book organizers: Jeffrey Frankel & Christopher Pissarides.

PUBLISHER Plant-Size Distribution and Cross-Country Income Differences. June - Working. Empirical documentation of the sectoral distribution of firm size for a set of European countries reveals substantial differences. We study the relationship between productivity growth at the industry level and size structure.

A positive and robust relation is found between average firm size and growth. significant shipping and inventory costs are in explaining cross-country differences in product quality/price and incomes. The calibrated model explains about a quarter of the observed elasticity of export prices with respect to per capita income and close to 40 percent of the income inequality between countries observed in the data.

These. "Plant-Size Distribution and Cross-Country Income Differences," NBER Working PapersNational Bureau of Economic Research, Inc. Van Biesebroeck, Johannes, " Exporting raises productivity in sub-Saharan African manufacturing firms," Journal of International Economics, Elsevier, vol.

67(2), pagesDecember. bution. Consequently, cross-country differences in economic poli-cies, saving rates, and technology lead to differences in relative incomes, not in long-run growth rates. How dispersed the world income distribution will be for a given set of country character-istics is.

Several authors have argued that distortions to the allocation of resources across firms aremajor determinant of cross-country income differences.

Hsieh and Klenow [29] argue that a gnificant share of the TFP gap between China (India) and the U.S. is due to a misallocation of pr ca in te pr tiv fir B pr th ou of im m of pr ri av re th ro A 2.

The focus is on the aggregate implications of quantitative models of producer heterogeneity, with applications to firm dynamics, innovation and aggregate growth, cross-country income differences, and international trade.

Syllabus. Lecture 1 Introduction and course overview. Motivating facts about the firm size distribution and firm dynamics. Cross-country differences in both intergenerational mobility and cross-sectional income inequality could arise from differences in any of these factors.

Recommend this book Email your librarian or administrator to recommend adding this book to your organisation's collection.

Description Firm-size distribution and cross-country income differences FB2

barriers based on cross-country differences in the firm size distribution, cross-country estimates of idiosyncratic dis-tortions, and equilibrium conditions of the model. The strategy yields entry barriers that are well captured by regulation-based indicators in advanced economies but are largely underestimated in middle- and low-income countries.

This paper focuses on data (mostly) from and improves on the original methodology in several dimensions. Development accounting compares di¤erences in income per worker between developing and developed countries to counter-factual di¤erences attributable to observable components of physical and human capital.

Entry costs vary dramatically across countries. To assess their impact on cross-country differences in output and TFP, we construct a model with endogenous entry and operation decisions by firms. We calibrate the model to match the U.S. distribution of employment and firms by size.

Higher entry costs lead to greater misallocation of productive factors and lower TFP and output. In the model. Firm-Size Distribution and Cross-Country Income Differences () Cached. Download Links [] [] [] Save to List; Add to Collection; Correct Errors; Monitor Changes; by Laura Alfaro, Andrew Charlton, Fabio Kanczuk, We Thank Daron Acemoglu, Jeff Frankel, John Haltiwanger, Chang-tai Hsieh, Pete Klenow.

the income distribution - about The log-variance - about How successful is the factor-only model at explaining cross-country income differences.

Two measures of success: success1 = var [log(yKH)] var [log(y)], success2 = y90 KH/y 10 KH y90/y Accounting for Cross-Country Income DifferencesFrancesco Caselli MEASURE OF OUR IGNORANCE. these other papers, none of them use their models to explore the evolution of cross-country income differences over time.

A Model of Structural Transformation The Economy Our model is an adaptation of those of Laitner () and Hansen and Prescott (forthcoming). The basic structure of our model is that of the one-sector neoclassical.

My Book: Technology Differences over Time and Space Princeton University Press, Accounting for Cross-Country Income Differences Handbook of Economic Growth, data Credit Constraints, Competition, and Meritocracy On the Distribution of Debt and Taxes Journal of Public Economics. Steady-state income differences obey the same equation as in neoclassical theory, but since R&D is positively correlated with investment rates, capital accumulation accounts for less than estimated by neoclassical theory.

Download Firm-size distribution and cross-country income differences FB2

(JEL E10, O40) Cross-country evidence on income differences has been used in recent years to cast doubt. Cross-Country Income Differences T here are very large differences in income per capita and output per worker across countries today.

Countries at the top of the world income distribution are more than 30 times as rich as those at the bottom. For example, ingross domestic product. Median household incomes – adjusted for price differences between countries (PPP-adjustment) – can be added by the ‘ Add country ’ option.

If you are interested to see income growth at the bottom end of the income distribution you can access the visualization here. Click to open interactive version.Caselli, F., () “Accounting for Income Differences Across Countries,” chapter 9 in the Handbook of Economic Growth Vol.

1A, P. Aghion and S. Durlauf, eds., North Holland. Central Board of Revenue (), “Pakistan Tax Administration Reform; Comprehensive Medium.