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Cited by 401

The DOI matches its Crossref record; 28 of the 28 references it cites were found in a registry or an index.

Policy Distortions and Aggregate Productivity with Heterogeneous Plants

Open access
Restuccia, Diego, Rogerson, Richard·2007·National Bureau of Economic Research
DOI 10.3386/w13018
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Abstract

We formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it to US data.In the context of this model we argue that differences in the allocation of resources across heterogeneous plants may be an important factor in accounting for cross-country differences in output per capita.In particular, we show that policies which create heterogeneity in the prices faced by individual producers can lead to sizeable decreases in output and measured TFP in the range of 30 to 50 percent.We show that these effects can result from policies that do not rely on aggregate capital accumulation or aggregate relative price differences.More generally, the model can be used to generate differences in capital accumulation, relative prices, and measured TFP.

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Metadata

Authors
Restuccia, D., & Rogerson, R.
Venue
National Bureau of Economic Research
Publisher
National Bureau of Economic Research
Published
2007-04
DOI
10.3386/w13018
OpenAlex
W2256313080
Cited by
401
References
28
Type
report
Language
en
Open access
green

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CoChat. (2026). Citation check: Policy Distortions and Aggregate Productivity with Heterogeneous Plants. https://app.cochat.ai/papers/10.3386/w13018
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Restuccia, D., & Rogerson, R. (2007). Policy Distortions and Aggregate Productivity with Heterogeneous Plants. National Bureau of Economic Research. https://doi.org/10.3386/w13018

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.