Financial frictions, capital misallocation, and input-output linkages (Record no. 525946)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01505nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240426b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Su, Hsuan-Li |
| 245 ## - TITLE STATEMENT | |
| Title | Financial frictions, capital misallocation, and input-output linkages |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | American Economic Journal: Microeconomics |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 16(2), Apr, 2024: p.62-94 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | I study how input-output linkages amplify the aggregate impact of sectoral financial distortions in a dynamic general equilibrium model with endogenous capital wedges. The aggregate impact of a shock can be decomposed into weighted productivity changes and changes in allocative efficiency. A systematic uncertainty shock induces heterogenous responses in sectoral capital wedges, reducing allocative efficiency and aggregate total factor productivity (TFP). However, idiosyncratic sectoral uncertainty shocks may improve allocative efficiency and raise TFP. I then calibrate the model to US data. The network amplification magnitude on aggregate TFP ranges from 1.58 to 1.7.- Reproduced https://www.aeaweb.org/articles?id=10.1257/mac.20190238 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Input-Output Linkages, Sectoral Financial Distortions, Dynamic General Equilibrium, Capital Wedges, Allocative Efficiency, Total Factor Productivity (TFP), Systematic Uncertainty Shock, Idiosyncratic Sectoral Uncertainty, Network Amplification, US Data Calibration |
| 9 (RLIN) | 51895 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | American Economic Journal: Microeconomics |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | ECONOMIC MODELING |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-04-26 | 16(2), Apr, 2024: p.62-94 | AR131739 | 2024-04-26 | Articles |