Theoretical vs. measured firm productivity

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Table of contents

1 Résumé
2 Introduction
3 Productivity, (Mis)allocation and Trade
3.1 Introduction
3.2 Theoretical Framework
3.2.1 Set Up
3.2.2 Firm Productivity and Resource Misallocation
3.2.3 Firm Behavior
3.2.4 General Equilibrium
3.2.5 Welfare
3.2.6 From Theory to Empirics
3.2.7 Impact of Trade Liberalization
3.2.8 Numerical Simulation
3.2.9 Discussion
3.3 Data
3.3.1 CompNet Productivity Data
3.3.2 WIOD Trade Data
3.4 Trade and Aggregate Productivity: OLS Correlation
3.4.1 OLS Specification
3.4.2 OLS Results
3.5 Impact of Trade on Aggregate Productivity: IV Causation
3.5.1 The Endogeneity Problem
3.5.2 IV Strategy
3.5.3 Baseline IV Results
3.5.4 Sensitivity Analysis
3.5.5 Import Competition from China
3.6 How Trade Affects Productivity: Interpretation and Mechanisms
3.6.1 Firm Selection
3.6.2 Productivity Upgrading
3.6.3 Imperfect Institutions and Market Frictions
3.6.4 Misallocation Measures in the Literature
3.7 Conclusion
3.8 Tables and Figures
4 Input Prices, Allocation of Resources and TFP Growth: Evidence from Chinese Imports in France
4.1 Introduction
4.2 Theoretical Framework
4.2.1 Technology and firm behaviors
4.2.2 Sectoral production functions and aggregate TFP
4.3 Empirical framework
4.3.1 Data description
4.3.2 Estimation method of aggregate TFP
4.3.3 Heterogeneous impact of Chinese trade shock along firm size distribution: evidence from firm-level wedges
4.3.4 TFP growth and Chinese trade shock: OLS correlation
4.3.5 Impact of outsourcing in China on French TFP growth: IV causality
4.3.6 Robustness checks
4.4 Conclusion
4.5 Tables and Figures
5 Resource Misallocation in India: The Role of Cross-State Labor Market Reform and Financial Development
5.1 Introduction
5.2 Literature Reviews
5.3 Measuring Misallocation
5.4 Data and Stylized Facts
5.4.1 Firm-level balance sheet data
5.4.2 State and sector characteristics in India
5.4.3 Stylized facts
5.5 Econometric Analysis
5.5.1 Baseline regression
5.5.2 Links between labor market regulations and informality
5.6 Empirical Results
5.6.1 Regression results
5.6.2 Robustness check and scenario analysis
5.7 Conclusion
5.8 Tables and Figures
6 Conclusion
References
Appendices
A Productivity, (Mis)allocation and Trade
B Input Prices, Allocation of Resources and TFP Growth: Evidence from Chinese Imports in France 195
B.1 Exact decomposition of sectoral TFP
B.1.1 Dispersion of firm-level wedges as measure of sector-level misallocation
C Resource Misallocation in India: The Role of Cross-State Labor Market Reform and Financial Development
C.1 Alternative Measures of Misallocation
C.1.1 Variance of TFPR
C.1.2 TFP gap
C.2 Labor Market Regulations and Reforms in India