Misallocation, selection, and productivity: A quantitative analysis with panel data from China
We use household‐level panel data from China and a quantitative framework to document the extent and consequences of factor misallocation in agriculture. We find that there are substantial within‐village frictions in both the land and capital markets linked to land institutions in rural China that d...
| Autores principales: | , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Econometric Society
2022
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/141343 |
| _version_ | 1855525365601009664 |
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| author | Adamopoulos, Tasso Brandt, Loren Leight, Jessica Restuccia, Diego |
| author_browse | Adamopoulos, Tasso Brandt, Loren Leight, Jessica Restuccia, Diego |
| author_facet | Adamopoulos, Tasso Brandt, Loren Leight, Jessica Restuccia, Diego |
| author_sort | Adamopoulos, Tasso |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | We use household‐level panel data from China and a quantitative framework to document the extent and consequences of factor misallocation in agriculture. We find that there are substantial within‐village frictions in both the land and capital markets linked to land institutions in rural China that disproportionately constrain the more productive farmers. These frictions reduce aggregate agricultural productivity by affecting two key margins: (1) the allocation of resources across farmers (misallocation) and (2) the allocation of workers across sectors, in particular the type of farmers who operate in agriculture (selection). Selection substantially amplifies the productivity effect of distortionary policies by affecting occupational choices that worsen average ability in agriculture. |
| format | Journal Article |
| id | CGSpace141343 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | Econometric Society |
| publisherStr | Econometric Society |
| record_format | dspace |
| spelling | CGSpace1413432025-12-08T10:29:22Z Misallocation, selection, and productivity: A quantitative analysis with panel data from China Adamopoulos, Tasso Brandt, Loren Leight, Jessica Restuccia, Diego households agriculture selection productivity We use household‐level panel data from China and a quantitative framework to document the extent and consequences of factor misallocation in agriculture. We find that there are substantial within‐village frictions in both the land and capital markets linked to land institutions in rural China that disproportionately constrain the more productive farmers. These frictions reduce aggregate agricultural productivity by affecting two key margins: (1) the allocation of resources across farmers (misallocation) and (2) the allocation of workers across sectors, in particular the type of farmers who operate in agriculture (selection). Selection substantially amplifies the productivity effect of distortionary policies by affecting occupational choices that worsen average ability in agriculture. 2022-05-31 2024-04-12T13:37:44Z 2024-04-12T13:37:44Z Journal Article https://hdl.handle.net/10568/141343 en Open Access Econometric Society Adamopoulos, Tasso; Brandt, Loren; Leight, Jessica; and Restuccia, Diego. 2022. Misallocation, selection, and productivity: A quantitative analysis with panel data from China. Econometrica: Journal of the Econometric Society 90(3): 1261-1282. https://doi.org/10.3982/ECTA16598 |
| spellingShingle | households agriculture selection productivity Adamopoulos, Tasso Brandt, Loren Leight, Jessica Restuccia, Diego Misallocation, selection, and productivity: A quantitative analysis with panel data from China |
| title | Misallocation, selection, and productivity: A quantitative analysis with panel data from China |
| title_full | Misallocation, selection, and productivity: A quantitative analysis with panel data from China |
| title_fullStr | Misallocation, selection, and productivity: A quantitative analysis with panel data from China |
| title_full_unstemmed | Misallocation, selection, and productivity: A quantitative analysis with panel data from China |
| title_short | Misallocation, selection, and productivity: A quantitative analysis with panel data from China |
| title_sort | misallocation selection and productivity a quantitative analysis with panel data from china |
| topic | households agriculture selection productivity |
| url | https://hdl.handle.net/10568/141343 |
| work_keys_str_mv | AT adamopoulostasso misallocationselectionandproductivityaquantitativeanalysiswithpaneldatafromchina AT brandtloren misallocationselectionandproductivityaquantitativeanalysiswithpaneldatafromchina AT leightjessica misallocationselectionandproductivityaquantitativeanalysiswithpaneldatafromchina AT restucciadiego misallocationselectionandproductivityaquantitativeanalysiswithpaneldatafromchina |