The Misallocation of Land and Other Factors of Production in India

• Tác giả: Gilles Duranton
• Ngôn ngữ: eng
• Ký hiệu phân loại: 282.54 Roman Catholic Church
• Thông tin xuất bản: World Bank Group, Washington, DC, 2015
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 323331
• Chủ đề: 1. capital markets; 2. economic growth; 3. employment; 4. land reform; 5. rights

Tóm tắt

This paper quantifies the misallocation of manufacturing output and factors of production between establishments across Indian districts during 1989-2010. It first distills a number of stylized facts about misallocation in India, and demonstrates the validity of misallocation metrics by connecting them to regulatory changes in India that affected real property. With this background, the study next quantifies the implications and determinants of factor and output misallocation. Although more-productive establishments in India tend to produce more output, factors of production are grossly misallocated. A better allocation of output and factors of production is associated with greater output per worker. Misallocation of land plays a particularly important role in these challenges.