Language:
English
Pages:
1 Online-Ressource (circa 53 Seiten)
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Series Statement:
Policy research working paper 8505
Series Statement:
World Bank E-Library Archive
Series Statement:
Policy research working paper
Parallel Title:
Erscheint auch als Buera, Francisco J The Dynamics of Development: Innovation and Reallocation
Keywords:
Graue Literatur
Abstract:
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
DOI:
10.1596/1813-9450-8505
URL:
Volltext
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