000			01944nam a22002777u 4500
001			pwiiw3902
003			OSt
005			20260518120109.0
008			160214t2016 au ||||| |||| 00| ||eng d
040			_cOSt
041			_aeng
084			_aD24 _aO47 _aL25 _2jelc
100	1		_aCaraiani, Petre
245	1	0	_aA quantitative explanation of the low productivity in South-Eastern European economies: the role of misallocations
260			_aWien : _bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw), _c2016.
490	1		_awiiw Balkan Observatory Working Papers _v119
520			_aAbstract It is well known that Southeast Europe is the least developed area in Europe. Using a methodology based on the idea of heterogeneous firms, this paper studies the degree to which firm heterogeneity and resource misallocation can explain the lower TFP in Southeast Europe. The results show a significant degree of heterogeneity and resource misallocation, although the results are sensitive to the calibration used. There are evidences that firm-level productivity depends on firm size, while taxation negatively influences it. There is also some evidence that foreign-owned firms are more competitive, as are exporting firms. Results are generally robust across the various specifications used, but less so relative to the measure of productivity used. Additional evidences suggest that infrastructure-related obstacles as well as institutional instability drive the output distortion, while no factor is underlined as a significant driver of capital distortions, suggesting the need for better data sources for the latter.
650			_atotal factor productivity
650			_afirm heterogeneity
650			_aSouth East Europe
651			_aSEE
690			_aMacroeconomic Analysis and Policy
830		0	_v119 _wWIIW0000140 _twiiw Balkan Observatory Working Papers
856	4	0	_uhttps://wiiw.ac.at/p-3902.html
942			_cP _2z
999			_c8768 _d8768