Misallocation and Manufacturing TFP in China and India
利用中美印三国制造业企业微观数据，发现中国和印度企业内部劳动和资本的边际产出差距远大于美国，若按美国水平重新配置资源，中国制造业全要素生产率可提升30%-50%，印度可提升40%-60%。
Resource misallocation can lower aggregate total factor productivity (TFP). We use microdata on manufacturing establishments to quantify the potential extent of misallocation in China and India versus the United States. We measure sizable gaps in marginal products of labor and capital across plants within narrowly defined industries in China and India compared with the United States. When capital and labor are hypothetically reallocated to equalize marginal products to the extent observed in the United States, we calculate manufacturing TFP gains of 30%-50% in China and 40%-60% in India. (c) 2009 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology..