[ECON20141221]
宏观经济学研讨会 （总第172期）

【时间】2014年12月3日（周三）12：15－13：45
【地点】明商0302教室
【主讲】邓敏婕  365体育官方唯一入口
【点评】薛涧坡  中国人民大学财政金融学院副教授
【主题】 Finance and Misallocation: Evidence from Plant-Level Data (written by Virgiliu Midrigan and Daniel Yi Xu, American Economic Review, 2014)
【摘要】We use producer-level data to evaluate the role of financial frictions in determining total factor productivity (TFP). We study a model of establishment dynamics in which financial frictions reduce TFP through two channels. First, finance frictions distort entry and technology adoption decisions. Second, finance frictions generate dispersion in the returns to capital across existing producers and thus productivity losses from misallocation. Parameterizations of our model consistent with the data imply fairly small losses from misallocation, but potentially sizable losses from inefficiently low levels of entry and technology adoption.
【主持】陈彦斌 教授


人大宏观经济学研讨会（Macro Workshop）旨在追踪宏观经济学国际最新进展，倡导构建符合国情的动态优化模型，并使用计算机模拟研究经济增长、收入分配和宏观政策等中国宏观经济重大问题。


联系人：郭豫媚    Email：Macro_Workshop@163.com
资料下载：www.docin.com/mydoc-88265459-1.html
更多讲座信息请访问：econ.ruc.edu.cn，www.yanjiuyuan.com.cn






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