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Research Article

Labour reallocation and total factor productivity losses from financial constraints in the Buera-Shin model

References

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  • Buera, F. J., J. P. Kaboski, and Y. Shin. forthcoming. “The Macroeconomics of Microfinance.” Review of Economic Studies.
  • Buera, F. J., and Y. Shin. 2013. “Financial Frictions and the Persistence of History: A Quantitative Exploration.” Journal of Political Economy 121 (2): 221–272. doi:10.1086/670271.
  • Dabla-norris, E., Y. JI, R. M. Townsend, and D. F. Unsal. 2021. “Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income.” Journal of Monetary Economics 117: 1–18. doi:10.1016/j.jmoneco.2020.01.003.
  • Decker, R. A., J. Haltiwanger, R. S. Jarmin, and J. Miranda. 2016. “Where Has All the Skewness Gone? The Decline in High-growth (Young) Firms in the U.S.” European Economic Review 86: 4–23. doi:10.1016/j.euroecorev.2015.12.013.
  • Lee, Y., and T. Mukoyama. 2015. “Entry and Exit of Manufacturing Plants over the Business Cycle.” European Economic Review 77: 20–27. doi:10.1016/j.euroecorev.2015.03.011.
  • Lucas, R. E., JR. 1978. “On the Size Distribution of Business Firms.” Bell Journal of Economics 9 (2): 508–523. doi:10.2307/3003596.

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