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Joel David

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Joel M. David & David Zeke, 2021. "Risk-Taking, Capital Allocation and Optimal Monetary Policy," Working Paper Series WP-2021-01, Federal Reserve Bank of Chicago.

    Cited by:

    1. Baqaee, David Rezza & Farhi, Emmanuel & Sangani, Kunal, 2021. "The Supply-Side Effects of Monetary Policy," CEPR Discussion Papers 15702, C.E.P.R. Discussion Papers.

  2. Mari Tanaka & Nicholas Bloom & Joel M. David & Maiko Koga, 2018. "Firm Performance and Macro Forecast Accuracy," NBER Working Papers 24776, National Bureau of Economic Research, Inc.

    Cited by:

    1. Reslow, André, 2019. "Inefficient Use of Competitors’ Forecasts?," Working Paper Series 2019:9, Uppsala University, Department of Economics.
    2. Zeno Enders & Franziska Hünnekes & Gernot Müller, 2019. "Firm expectations and economic activity," CESifo Working Paper Series 7623, CESifo.
    3. Chen, Cheng & Senga, Tatsuro & Sun, Chang & Zhang, Hongyong, 2023. "Uncertainty, imperfect information, and expectation formation over the firm’s life cycle," Journal of Monetary Economics, Elsevier, vol. 140(C), pages 60-77.
    4. Brancati, Emanuele, 2023. "R&D plans, expectations, and uncertainty: Evidence from the COVID-19 shock in Italy," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 303-318.
    5. Tatsushi Okuda & Tomohiro Tsuruga, 2021. "Inflation Expectations and Central Bank Communication with Unknown Prior," IMES Discussion Paper Series 21-E-07, Institute for Monetary and Economic Studies, Bank of Japan.
    6. Nicholas Bloom & Steven J. Davis & Lucia Foster & Brian Lucking & Scott Ohlmacher & Itay Saporta-Eksten, 2020. "Business-Level Expectations and Uncertainty," Working Papers 20-41, Center for Economic Studies, U.S. Census Bureau.
    7. Huang, Qiongyu & Xu, Chuhong & Xue, Xiaolong & Zhu, Hui, 2023. "Can digital innovation improve firm performance: Evidence from digital patents of Chinese listed firms," International Review of Financial Analysis, Elsevier, vol. 89(C).
    8. CHEN Cheng & SENGA Tatsuro & SUN Chang & ZHANG Hongyong, 2020. "Information Acquisition and Price Setting under Uncertainty: New Survey Evidence," Discussion papers 20078, Research Institute of Economy, Trade and Industry (RIETI).
    9. Jiun-Hua Su, 2021. "No-Regret Forecasting with Egalitarian Committees," Papers 2109.13801, arXiv.org.
    10. Nicholas Bloom & Takafumi Kawakubo & Charlotte Chunming Meng & Paul Mizen & Rebecca Riley & Tatsuro Senga & John Van Reenen, 2021. "Do Well Managed Firms Make Better Forecasts?," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2021-18, Economic Statistics Centre of Excellence (ESCoE).
    11. Lena Anayi & Nicholas Bloom & Philip Bunn & Paul Mizen & Gregory Thwaites & Ivan Yotzov, 2023. "Firming up price inflation," CEP Discussion Papers dp1922, Centre for Economic Performance, LSE.
    12. Barrero, Jose Maria, 2020. "The Micro and Macro of Managerial Beliefs," SocArXiv fctsb, Center for Open Science.
    13. Olkhov, Victor, 2019. "Methods of Economic Theory: Variables, Transactions and Expectations as Functions of Risks," MPRA Paper 95628, University Library of Munich, Germany.
    14. David Altig & Jose Maria Barrero & Nicholas Bloom & Steven J. Davis & Brent H. Meyer & Nicholas Parker, 2019. "Surveying Business Uncertainty," NBER Working Papers 25956, National Bureau of Economic Research, Inc.
    15. Kodama, Naomi & Murakami, Yoshiaki & Tanaka, Mari, 2021. "No Successor, No Success? Impact of a Little Son on Business Performance," Journal of the Japanese and International Economies, Elsevier, vol. 62(C).
    16. Yoshiyuki Nakazono & Maiko Koga & Tomohiro Sugo, 2018. "Private Information and Analyst Coverage: Evidence from Firm Survey Data," Bank of Japan Working Paper Series 18-E-17, Bank of Japan.
    17. Xinheng Liu & Shuxian Li & Chengbo Fu & Xu Gong & Chen Fan, 2024. "The oil price plummeted in 2014–2015: Is there an effect on Chinese firms' labour investment?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(1), pages 943-960, January.
    18. Berner, Julian & Buchholz, Manuel & Tonzer, Lena, 2020. "Asymmetric investment responses to firm-specific forecast errors," IWH Discussion Papers 5/2020, Halle Institute for Economic Research (IWH).
    19. Buchheim, Lukas & Dovern, Jonas & Krolage, Carla & Link, Sebastian, 2022. "Sentiment and firm behavior during the COVID-19 pandemic," Journal of Economic Behavior & Organization, Elsevier, vol. 195(C), pages 186-198.
    20. CHEN Cheng & SENGA Tatsuro & SUN Chang & ZHANG Hongyong, 2018. "Expectation Formation and Firm Activities: New evidence from a business outlook survey in Japan," Discussion papers 18059, Research Institute of Economy, Trade and Industry (RIETI).
    21. Dovern, Jonas & Müller, Lena Sophia & Wohlrabe, Klaus, 2023. "Local information and firm expectations about aggregates," Journal of Monetary Economics, Elsevier, vol. 138(C), pages 1-13.
    22. Qingyang Wu, 2023. "Sustainable growth through industrial robot diffusion: Quasi‐experimental evidence from a Bartik shift‐share design," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 31(4), pages 1107-1133, October.
    23. Olkhov, Victor, 2018. "Expectations, Price Fluctuations and Lorenz Attractor," MPRA Paper 89105, University Library of Munich, Germany.
    24. Olkhov, Victor, 2019. "New Essentials of Economic Theory," MPRA Paper 95065, University Library of Munich, Germany.
    25. Suss, Joel & Hughes, Adam, 2023. "Bank expectations and prudential outcomes," Bank of England working papers 1035, Bank of England.
    26. Simionescu, Mihaela & Raišienė, Agota Giedrė, 2021. "A bridge between sentiment indicators: What does Google Trends tell us about COVID-19 pandemic and employment expectations in the EU new member states?," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    27. Olkhov, Victor, 2019. "New essentials of economic theory II. Economic transactions, expectations and asset pricing," MPRA Paper 93428, University Library of Munich, Germany.
    28. Alexandros Botsis & Christoph Gortz & Plutarchos Sakellaris, 2023. "Quantifying Qualitative Survey Data: New Insights on the (Ir)Rationality of Firms' Forecasts," Discussion Papers 23-06, Department of Economics, University of Birmingham.
    29. MORIKAWA Masayuki, 2019. "Uncertainty in Long-Term Macroeconomic Forecasts: Ex post Evaluation of Forecasts by Economics Researchers," Discussion papers 19084, Research Institute of Economy, Trade and Industry (RIETI).
    30. Anna Laura Mancini & Pietro Tommasino, 2022. "Fiscal rules and the reliability of public investment plans: evidence from local governments," Temi di discussione (Economic working papers) 1360, Bank of Italy, Economic Research and International Relations Area.
    31. Anmol Bhandari & Jaroslav Borovicka & Paul Ho, 2019. "Survey Data and Subjective Beliefs in Business Cycle Models," Working Paper 19-14, Federal Reserve Bank of Richmond.
    32. Buchheim, Lukas & Dovern, Jonas & Krolage, Carla & Link, Sebastian, 2020. "Firm-level Expectations and Behavior in Response to the COVID-19 Crisis," IZA Discussion Papers 13253, Institute of Labor Economics (IZA).
    33. Gustavo de Souza, 2022. "The Labor Market Consequences of Appropriate Technology," Working Paper Series WP 2022-53, Federal Reserve Bank of Chicago.
    34. Maiko Koga & Koichi Yoshino & Tomoya Sakata, 2019. "Strategic Complementarity and Asymmetric Price Setting among Firms," Bank of Japan Working Paper Series 19-E-5, Bank of Japan.
    35. Jonas Dovern & Lena Sophia Müller & Klaus Wohlrabe, 2020. "How Do Firms Form Expectations of Aggregate Growth? New Evidence from a Large-Scale Business Survey," CESifo Working Paper Series 8179, CESifo.
    36. Victor Olkhov, 2019. "Financial Variables, Market Transactions, and Expectations as Functions of Risk," IJFS, MDPI, vol. 7(4), pages 1-27, November.
    37. Manuel Buchholz & Lena Tonzer & Julian Berner, 2022. "Firm‐specific forecast errors and asymmetric investment propensity," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 764-793, April.
    38. Anh Tuan Bui & Thu Phuong Pham, 2021. "Financial and Labour Obstacles and Firm Employment: Evidence from Europe and Central Asia Firms," Sustainability, MDPI, vol. 13(15), pages 1-18, August.
    39. de Souza, Gustavo, 2022. "The Labor Market Consequences of Appropriate Technology," CEPREMAP Working Papers (Docweb) 2208, CEPREMAP.

  3. Joel David, 2018. "Misallocation or Risk-Adjusted Capital Allocation?," 2018 Meeting Papers 323, Society for Economic Dynamics.

    Cited by:

    1. Bayer, Christian & Mecikovsky, Ariel & Meier, Matthias, 2018. "Misallocation: Markups and Technology," CEPR Discussion Papers 12727, C.E.P.R. Discussion Papers.
    2. Lorenzo Bretscher & Alex Hsu & Andrea Tamoni, 2023. "The Real Response to Uncertainty Shocks: The Risk Premium Channel," Management Science, INFORMS, vol. 69(1), pages 119-140, January.
    3. Li, Kai & Tsou, Chi-Yang & Xu, Chenjie, 2023. "Learning and the capital age premium," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 76-90.
    4. Simone Lenzu & Francesco Manaresi, 2019. "Sources and implications of resource misallocation: new evidence from firm-level marginal products and user costs," Questioni di Economia e Finanza (Occasional Papers) 485, Bank of Italy, Economic Research and International Relations Area.
    5. Maurice J.G. Bun & Jasper Winter, 2022. "Capital and labor misallocation in the Netherlands," Journal of Productivity Analysis, Springer, vol. 57(1), pages 93-113, February.
    6. Gondhi, Naveen, 2023. "Rational inattention, misallocation, and the aggregate economy," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 50-75.
    7. Maurin, Laurent & Wolski, Marcin, 2021. "Aggregate productivity slowdown in Europe: New evidence from corporate balance sheets," EIB Working Papers 2021/04, European Investment Bank (EIB).

  4. Schmid, Lukas & David, Joel & Zeke, David, 2018. "Risk-Adjusted Capital Allocation and Misallocation," CEPR Discussion Papers 13205, C.E.P.R. Discussion Papers.

    Cited by:

    1. Wang, Delu & Mao, Jinqi & Cui, Rong & Yu, Jian & Shi, Xunpeng, 2022. "Impact of inter-provincial power resource allocation on enterprise production behavior from a multi-scale correlation perspective," Energy Economics, Elsevier, vol. 114(C).
    2. Bayer, Christian & Mecikovsky, Ariel & Meier, Matthias, 2018. "Misallocation: Markups and Technology," CEPR Discussion Papers 12727, C.E.P.R. Discussion Papers.
    3. Lorenzo Bretscher & Alex Hsu & Andrea Tamoni, 2023. "The Real Response to Uncertainty Shocks: The Risk Premium Channel," Management Science, INFORMS, vol. 69(1), pages 119-140, January.
    4. Li, Kai & Tsou, Chi-Yang & Xu, Chenjie, 2023. "Learning and the capital age premium," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 76-90.
    5. Alessandro Villa, 2022. "Credit Misallocation and Macro Dynamics with Oligopolistic Financial Intermediaries," Working Paper Series WP 2022-41, Federal Reserve Bank of Chicago.
    6. Joel M. David & David Zeke, 2021. "Risk-Taking, Capital Allocation and Optimal Monetary Policy," Working Paper Series WP-2021-01, Federal Reserve Bank of Chicago.
    7. Simone Lenzu & Francesco Manaresi, 2019. "Sources and implications of resource misallocation: new evidence from firm-level marginal products and user costs," Questioni di Economia e Finanza (Occasional Papers) 485, Bank of Italy, Economic Research and International Relations Area.
    8. Maurice J.G. Bun & Jasper Winter, 2022. "Capital and labor misallocation in the Netherlands," Journal of Productivity Analysis, Springer, vol. 57(1), pages 93-113, February.
    9. Joel M. David & Romain Rancière & David Zeke, 2023. "International Diversification, Reallocation, and the Labor Share," NBER Working Papers 31168, National Bureau of Economic Research, Inc.
    10. Shen, Junyan, 2023. "Capital misallocation and financial market frictions: Empirical evidence from equity cost of capital," International Review of Economics & Finance, Elsevier, vol. 87(C), pages 486-504.
    11. Hengjie Ai & Anmol Bhandari & Chao Ying & Yuchen Chen, 2019. "Misallocation and risk sharing," 2019 Meeting Papers 1215, Society for Economic Dynamics.
    12. Gondhi, Naveen, 2023. "Rational inattention, misallocation, and the aggregate economy," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 50-75.
    13. Maurin, Laurent & Wolski, Marcin, 2021. "Aggregate productivity slowdown in Europe: New evidence from corporate balance sheets," EIB Working Papers 2021/04, European Investment Bank (EIB).

  5. Venky Venkateswaran & Joel David, 2017. "Capital Misallocation: Frictions or Distortions?," 2017 Meeting Papers 1636, Society for Economic Dynamics.

    Cited by:

    1. Diego Restuccia & Richard Rogerson, 2017. "The Causes and Costs of Misallocation," Journal of Economic Perspectives, American Economic Association, vol. 31(3), pages 151-174, Summer.
    2. Wright, Randall & Xiao, Sylvia Xiaolin & Zhu, Yu, 2018. "Frictional capital reallocation I: Ex ante heterogeneity," Journal of Economic Dynamics and Control, Elsevier, vol. 89(C), pages 100-116.
    3. Baris Kaymak, 2019. "Loss-Offset Provisions in the Corporate Tax Code and Misallocation of Capital," 2019 Meeting Papers 1177, Society for Economic Dynamics.
    4. Jose Maria Barrero, 2017. "Firm Dynamics with Subjective Beliefs," 2017 Meeting Papers 367, Society for Economic Dynamics.
    5. Matthias Kehrig & Nicolas Vincent, 2018. "Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Plant-Level Data," 2018 Meeting Papers 233, Society for Economic Dynamics.
    6. Andrea L. Eisfeldt & Yu Shi, 2018. "Capital Reallocation," NBER Working Papers 25085, National Bureau of Economic Research, Inc.
    7. Randall Wright & Xiaolin Xiao & Yu Zhu, 2018. "Frictional Capital Reallocation II: Ex Post Heterogeneity," 2018 Meeting Papers 544, Society for Economic Dynamics.
    8. Joel David, 2018. "Misallocation or Risk-Adjusted Capital Allocation?," 2018 Meeting Papers 323, Society for Economic Dynamics.
    9. Randall Wright & Sylvia Xiao & Yu Zhu, 2020. "Frictional Capital Reallocation with Ex Post Heterogeneity," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 227-253, August.

  6. Joel M. David & Venky Venkateswaran, 2017. "The Sources of Capital Misallocation," NBER Working Papers 23129, National Bureau of Economic Research, Inc.

    Cited by:

    1. Guner, Nezih & Ruggieri, Alessandro, 2022. "Misallocation and Inequality," CEPR Discussion Papers 17113, C.E.P.R. Discussion Papers.
    2. Cingano, Federico & Hassan, Fadi, 2020. "International financial flows and misallocation," LSE Research Online Documents on Economics 108460, London School of Economics and Political Science, LSE Library.
    3. Meza, Felipe & Pratap, Sangeeta & Urrutia, Carlos, 2020. "Credit and investment distortions: Evidence from Mexican manufacturing," Economics Letters, Elsevier, vol. 197(C).
    4. Pellegrino, Bruno & Zheng, Geoffery, 2024. "Quantifying the impact of red tape on investment: A survey data approach," Journal of Financial Economics, Elsevier, vol. 152(C).
    5. Isaac Baley & Andrés Blanco, 2022. "The long-run effects of corporate tax reforms," Economics Working Papers 1813, Department of Economics and Business, Universitat Pompeu Fabra.
    6. Philippe Aghion & Antonin Bergeaud & Timo Boppart & Peter J. Klenow & Huiyu Li, 2019. "A Theory of Falling Growth and Rising Rents," Working papers 740, Banque de France.
    7. Choi, Woo Jin & Roh, Woo Jin, 2023. "Service Matters: Capital Misallocation and Sectoral Economic Growth," KDI Journal of Economic Policy, Korea Development Institute (KDI), vol. 45(1), pages 1-32.
    8. Ying Sun & Jin Fan & Weiguo Jia, 2023. "Will the COVID-19 Pandemic Outbreak Intensify the Resource Misallocation in China’s Food Production?," Sustainability, MDPI, vol. 15(6), pages 1-19, March.
    9. Isaac Baley & Andrés Blanco, 2019. "Aggregate dynamics in lumpy economies," Economics Working Papers 1670, Department of Economics and Business, Universitat Pompeu Fabra.
    10. Tiago Cavalcanti & Bruno Martins & Cezar Santos & Joseph Kaboski, 2019. "Dispersion in Financing Costs and Development," 2019 Meeting Papers 1576, Society for Economic Dynamics.
    11. Ling-Yun He & Xiao-Feng Qi, 2021. "Resource Misallocation and Energy-Related Pollution," IJERPH, MDPI, vol. 18(10), pages 1-19, May.
    12. Emanuele Campiglio & Simon Dietz & Frank Venmans, 2022. "Optimal Climate Policy as If the Transition Matters," CESifo Working Paper Series 10139, CESifo.
    13. Marina Mendes Tavares & Diego Restuccia & Jose-Maria Da-Rocha, 2014. "Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity," 2014 Meeting Papers 1196, Society for Economic Dynamics.
    14. Barrero, Jose Maria, 2020. "The Micro and Macro of Managerial Beliefs," SocArXiv fctsb, Center for Open Science.
    15. Kaoru Hosono & Miho Takizawa, 2022. "Japan's productivity stagnation: Using dynamic Hsieh–Klenow decomposition," Contemporary Economic Policy, Western Economic Association International, vol. 40(1), pages 218-232, January.
    16. Fernando M. Aragon & Diego Restuccia & Juan Pablo Rud, 2024. "Assessing misallocation in agriculture: plots versus farms," Working Papers tecipa-769, University of Toronto, Department of Economics.
    17. Tang, Le, 2023. "SOEs reform and capital efficiency in China: A structural analysis," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 1-20.
    18. Pedro Bento & Diego Restuccia, 2019. "On Average Establishment Size across Sectors and Countries," Working Papers tecipa-642, University of Toronto, Department of Economics.
    19. Robert Kurtzman & David Zeke, 2020. "Misallocation Costs of Digging Deeper into the Central Bank Toolkit," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 94-126, October.
    20. Joel M. David & David Zeke, 2021. "Risk-Taking, Capital Allocation and Optimal Monetary Policy," Working Paper Series WP-2021-01, Federal Reserve Bank of Chicago.
    21. Simone Lenzu & Francesco Manaresi, 2019. "Sources and implications of resource misallocation: new evidence from firm-level marginal products and user costs," Questioni di Economia e Finanza (Occasional Papers) 485, Bank of Italy, Economic Research and International Relations Area.
    22. Yunwei Li & Qiuping Ji & Zijie Wang & Zishan Xiong & Simeng Zhan & Yiping Yang & Yu Hao, 2022. "Green energy mismatch, industrial intelligence and economics growth: theory and empirical evidence from China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(10), pages 11785-11816, October.
    23. Marcela Eslava & John C. Haltiwanger, 2020. "The Size and Life-cycle Growth of Plants: The Role of Productivity, Demand and Wedges," NBER Working Papers 27184, National Bureau of Economic Research, Inc.
    24. Tang, Le, 2021. "Investment dynamics and capital distortion: State and non-state firms in China," Journal of Asian Economics, Elsevier, vol. 73(C).
    25. Tetenyi, Laszlo, 2019. "Trade, misallocation, and capital market integration," IWH-CompNet Discussion Papers 8/2019, Halle Institute for Economic Research (IWH).
    26. Maurice J.G. Bun & Jasper Winter, 2022. "Capital and labor misallocation in the Netherlands," Journal of Productivity Analysis, Springer, vol. 57(1), pages 93-113, February.
    27. van der Geest, Jesse, 2024. "Economic effects of tax avoidance and compliance," Other publications TiSEM aaca33bf-975d-4e21-9b5f-5, Tilburg University, School of Economics and Management.
    28. Li, Junqing & Miao, Ersen & Zhang, Jianbo, 2021. "The legal environment, specialized investments, incomplete contracts, and labor productivity," China Economic Review, Elsevier, vol. 66(C).
    29. Bruno Morando, 2021. "Subsistence farming and factor misallocation:Evidence from Ugandan agriculture," Economics Department Working Paper Series n308-21.pdf, Department of Economics, National University of Ireland - Maynooth.
    30. Ruediger Bachmann & Kai Carstensen & Stefan Lautenbacher & Martin Schneider, 2021. "Uncertainty and Change: Survey Evidence of Firms's Subjective Beliefs," CESifo Working Paper Series 9394, CESifo.
    31. Michael Kilumelume & Bruno Morando & Carol Newman & John Rand, 2021. "Tariffs, productivity, and resource misallocation," WIDER Working Paper Series wp-2021-174, World Institute for Development Economic Research (UNU-WIDER).
    32. Alpysbayeva, Dinara & Vanormelingen, Stijn, 2022. "Labor market rigidities and misallocation: Evidence from a natural experiment," Labour Economics, Elsevier, vol. 78(C).
    33. Isaiah Andrews & Matthew Gentzkow & Jesse M. Shapiro, 2020. "Transparency in Structural Research," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 38(4), pages 711-722, October.
    34. Yan Bai & Keyu Jin & Dan Lu, 2019. "Misallocation Under Trade Liberalization," NBER Working Papers 26188, National Bureau of Economic Research, Inc.
    35. Jin, Laiqun & Dai, Jiaying & Jiang, Weijie & Cao, Kairui, 2023. "Digital finance and misallocation of resources among firms: Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 66(C).
    36. Natalie Bau & Adrien Matray, 2020. "Misallocation and Capital Market Integration: Evidence from India," Working Papers 2020-31, Princeton University. Economics Department..
    37. Yan Bai & Dan Lu & Xu Tian, 2018. "Do Financial Frictions Explain Chinese Firms’ Saving and Misallocation?," NBER Working Papers 24436, National Bureau of Economic Research, Inc.
    38. Matthias Kehrig & Nicolas Vincent, 2018. "Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Plant-Level Data," 2018 Meeting Papers 233, Society for Economic Dynamics.
    39. Ding Dong & Zheng Liu & Pengfei Wang, 2021. "Turbulent Business Cycles," Working Paper Series 2021-22, Federal Reserve Bank of San Francisco.
    40. Bruno Morando & Carol Newman, 2021. "Capital Misallocation, Agricultural Subsidies and Productivity: A European Perspective," Trinity Economics Papers tep0221, Trinity College Dublin, Department of Economics.
    41. Jann Lay & Tevin Tafese, 2020. "Formalization and productivity: Firm-level evidence from Viet Nam," WIDER Working Paper Series wp-2020-164, World Institute for Development Economic Research (UNU-WIDER).
    42. Shawn Xiaoguang Chen & Yudan Cheng & Liutang Gong & Wenjia Tian, 2023. "A Big Push of Panda from the Ground: Land Subsidy and Structural Transformation in China," Economics Discussion / Working Papers 23-09, The University of Western Australia, Department of Economics.
    43. Alam, M. Jahangir, 2020. "Capital misallocation: Cyclicality and sources," Journal of Economic Dynamics and Control, Elsevier, vol. 112(C).
    44. Diego A. Comin & Javier Quintana & Tom G. Schmitz & Antonella Trigari, 2023. "Revisiting Productivity Dynamics in Europe: A New Measure of Utilization-Adjusted TFP Growth," NBER Working Papers 31006, National Bureau of Economic Research, Inc.
    45. Chen, Guowen & Herrera, Ana María & Lugauer, Steven, 2022. "Policy and misallocation: Evidence from Chinese firm-level data," European Economic Review, Elsevier, vol. 149(C).
    46. Venkateswaran, Venky, 2019. "Comments on ‘Loss-offset provisions in the corporate tax code and misallocation of capital’," Journal of Monetary Economics, Elsevier, vol. 105(C), pages 21-23.
    47. Ruiz-García, J. C., 2021. "Financial Frictions, Firm Dynamics and the Aggregate Economy: Insights from Richer Productivity Processes," Janeway Institute Working Papers 2103, Faculty of Economics, University of Cambridge.
    48. Carol Newman & John Rand & Mpho Tsebe, 2019. "Resource misallocation and total factor productivity: Manufacturing firms in South Africa," WIDER Working Paper Series wp-2019-46, World Institute for Development Economic Research (UNU-WIDER).
    49. Yidan Liang, 2023. "The effect of capital and labour distortion on innovation," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(2), pages 1709-1737, June.
    50. Bils, Mark & Klenow, Peter J. & Ruane, Cian, 2021. "Misallocation or Mismeasurement?," Journal of Monetary Economics, Elsevier, vol. 124(S), pages 39-56.
    51. Zhang, Teng & Xu, Shu & Zhang, Shuoxun, 2022. "Are export tax rebates patronage for Chinese firms? An analysis of productivity," China Economic Review, Elsevier, vol. 75(C).
    52. Jiang, Tangyang & Cao, Chi & Lei, Leyuan & Hou, Jie & Yu, Yang & Jahanger, Atif, 2023. "Temporal and spatial patterns, efficiency losses and impact factors of energy mismatch in China under environmental constraints," Energy, Elsevier, vol. 282(C).
    53. Norbert Ernst & Nico Pintar & Richard Sellner, 2023. "Resource Misallocation and TFP Gap Development in Austria (Richard Sellner, Nico Pintar, Norbert Ernst)," Working Papers 246, Oesterreichische Nationalbank (Austrian Central Bank).
    54. Robert J. Kurtzman & David Zeke, 2023. "Aggregate Implications of Deviations from Modigliani-Miller: A Sufficient Statistics Approach," Finance and Economics Discussion Series 2023-045, Board of Governors of the Federal Reserve System (U.S.).
    55. Diego Restuccia, 2019. "Misallocation and aggregate productivity across time and space," Canadian Journal of Economics, Canadian Economics Association, vol. 52(1), pages 5-32, February.
    56. Hao, Yu & Gai, Zhiqiang & Wu, Haitao, 2020. "How do resource misallocation and government corruption affect green total factor energy efficiency? Evidence from China," Energy Policy, Elsevier, vol. 143(C).
    57. Ruiz-García, J. C., 2021. "Financial Frictions, Firm Dynamics and the Aggregate Economy: Insights from Richer Productivity Processes," Cambridge Working Papers in Economics 2157, Faculty of Economics, University of Cambridge.
    58. Shen, Junyan, 2023. "Capital misallocation and financial market frictions: Empirical evidence from equity cost of capital," International Review of Economics & Finance, Elsevier, vol. 87(C), pages 486-504.
    59. Jackson, Paul & Madison, Florian, 2022. "Entrepreneurial finance and monetary policy," European Economic Review, Elsevier, vol. 141(C).
    60. Gu, Shijun & Jia, Chengcheng, 2022. "Firm dynamics and SOE transformation during China’s Economic Reform," Journal of International Money and Finance, Elsevier, vol. 127(C).
    61. David, Joel M. & Schmid, Lukas & Zeke, David, 2022. "Risk-adjusted capital allocation and misallocation," Journal of Financial Economics, Elsevier, vol. 145(3), pages 684-705.
    62. Hengjie Ai & Anmol Bhandari & Chao Ying & Yuchen Chen, 2019. "Misallocation and risk sharing," 2019 Meeting Papers 1215, Society for Economic Dynamics.
    63. Eero Mäkynen & Oskari Vähämaa, 2021. "Uncertainty, Misallocation and the Life-cycle Growth of Firms," Discussion Papers 146, Aboa Centre for Economics.
    64. Jin, Keyu, 2019. "Misallocation Under Trade Liberalization," CEPR Discussion Papers 13976, C.E.P.R. Discussion Papers.
    65. Xi, Xican, 2023. "Multi-establishment firms, misallocation, and productivity," Journal of Economic Dynamics and Control, Elsevier, vol. 154(C).
    66. Maurice Bun & Theoplasti Kolaiti & Tolga Özden, 2023. "Misallocation and Productivity Growth: a Meta-analysis," Working Papers 774, DNB.
    67. Gondhi, Naveen, 2023. "Rational inattention, misallocation, and the aggregate economy," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 50-75.
    68. Tang, Le, 2022. "The dynamic demand for capital and labor: Evidence from Chinese industrial firms," Economic Modelling, Elsevier, vol. 107(C).
    69. Han, Xuehui & Epetia, Ma. Christina F. & Cheng, Yuan, 2021. "“Subsidies” or “taxes”? Corporate credit misallocation induced by the nexus of state-owned enterprises and state-owned banks," Journal of Asian Economics, Elsevier, vol. 76(C).

  7. Joel M. David & Ina Simonovska, 2015. "Correlated Beliefs, Returns, and Stock Market Volatility," NBER Working Papers 21480, National Bureau of Economic Research, Inc.

    Cited by:

    1. Galvani, Valentina, 2022. "Country-Based Investing with Exchange Rate and Reserve Currency," Working Papers 2022-5, University of Alberta, Department of Economics.
    2. Marcet, Francisco, 2017. "Analyst coverage network and stock return comovement in emerging markets," Emerging Markets Review, Elsevier, vol. 32(C), pages 1-27.
    3. Mohammad Alomari & David. M. Power & Nongnuch Tantisantiwong, 2018. "Determinants of equity return correlations: a case study of the Amman Stock Exchange," Review of Quantitative Finance and Accounting, Springer, vol. 50(1), pages 33-66, January.
    4. Shi, Yongbin & Yu, Miao & Chen, Liujun & Ivanov, Plamen Ch. & Wang, Yougui, 2021. "Quantifying financial market dynamics: Scaling law in rank mobility of Chinese stock prices," Finance Research Letters, Elsevier, vol. 38(C).
    5. Konstantinos Vergos & Benjamin Wanger, 2019. "Evaluating interdependencies in African markets A VECM approach," Bulletin of Applied Economics, Risk Market Journals, vol. 6(1), pages 65-85.

  8. Joel M. David & Espen Henriksen & Ina Simonovska, 2014. "The Risky Capital of Emerging Markets," NBER Working Papers 20769, National Bureau of Economic Research, Inc.

    Cited by:

    1. Constantin Bürgi & Vida Bobic & Min Wu, 2019. "Net Capital Flows and Portfolio Diversification," CESifo Working Paper Series 7883, CESifo.
    2. David, Joel M. & Simonovska, Ina, 2016. "Correlated beliefs, returns, and stock market volatility," Journal of International Economics, Elsevier, vol. 99(S1), pages 58-77.
    3. Robert Inklaar & Pieter Woltjer & Daniel Gallardo Albarrán, 2019. "The Composition of Capital and Cross-Country Productivity Comparisons," International Productivity Monitor, Centre for the Study of Living Standards, vol. 36, pages 34-52, Spring.
    4. Weithing Zhang & Thomas Mertens & Tarek Hassan, 2014. "Currency Manipulation," 2014 Meeting Papers 401, Society for Economic Dynamics.
    5. Friederike Niepmann, 2013. "Banking across borders with heterogeneous banks," Staff Reports 609, Federal Reserve Bank of New York.
    6. Tarek A. Hassan & Thomas M. Mertens & Tony Zhang, 2016. "A Risk-based Theory of Exchange Rate Stabilization," NBER Working Papers 22790, National Bureau of Economic Research, Inc.
    7. Wenxin Du & Carolin E. Pflueger & Jesse Schreger, 2016. "Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy," NBER Working Papers 22592, National Bureau of Economic Research, Inc.
    8. Tarek A. Hassan & Thomas M. Mertens & Tony Zhang, 2015. "Not so disconnected: exchange rates and the capital stock," Working Paper Series 2015-21, Federal Reserve Bank of San Francisco.
    9. Anusha Chari & Jennifer S. Rhee, 2020. "The Return to Capital in Capital-Scarce Countries," NBER Working Papers 27675, National Bureau of Economic Research, Inc.
    10. Claudio Borio & Piti Disyatat, 2015. "Capital flows and the current account: Taking financing (more) seriously," BIS Working Papers 525, Bank for International Settlements.
    11. David, Joel M. & Schmid, Lukas & Zeke, David, 2022. "Risk-adjusted capital allocation and misallocation," Journal of Financial Economics, Elsevier, vol. 145(3), pages 684-705.
    12. Wenxin Du & Carolin E. Pflueger & Jesse Schreger, 2020. "Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy," Journal of Finance, American Finance Association, vol. 75(6), pages 3097-3138, December.

  9. Joel M. David & Hugo A. Hopenhayn & Venky Venkateswaran, 2014. "Information, Misallocation and Aggregate Productivity," NBER Working Papers 20340, National Bureau of Economic Research, Inc.

    Cited by:

    1. Guner, Nezih & Ruggieri, Alessandro, 2022. "Misallocation and Inequality," CEPR Discussion Papers 17113, C.E.P.R. Discussion Papers.
    2. Cosmin L. Ilut & Hikaru Saijo, 2016. "Learning, Confidence, and Business Cycles," NBER Working Papers 22958, National Bureau of Economic Research, Inc.
    3. Diego Restuccia & Richard Rogerson, 2017. "The Causes and Costs of Misallocation," Journal of Economic Perspectives, American Economic Association, vol. 31(3), pages 151-174, Summer.
    4. Robert J. Kurtzman & David Zeke, 2016. "Accounting for Productivity Dispersion over the Business Cycle," Finance and Economics Discussion Series 2016-045, Board of Governors of the Federal Reserve System (U.S.).
    5. George‐Marios Angeletos & Fabrice Collard & Harris Dellas, 2018. "Quantifying Confidence," Econometrica, Econometric Society, vol. 86(5), pages 1689-1726, September.
    6. Mari Tanaka & Nicholas Bloom & Joel M. David & Maiko Koga, 2018. "Firm Performance and Macro Forecast Accuracy," NBER Working Papers 24776, National Bureau of Economic Research, Inc.
    7. Jose Asturias & Manuel García-Santana & Roberto Ramos, 2019. "Competition and the Welfare Gains from Transportation Infrastructure: Evidence from the Golden Quadrilateral of India," Journal of the European Economic Association, European Economic Association, vol. 17(6), pages 1881-1940.
    8. Jules Depersin & B'ereng`ere Patault, 2023. "Revisiting the effect of search frictions on market concentration," Papers 2303.01824, arXiv.org.
    9. Britos, Braulio & Hernandez, Manuel A. & Robles, Miguel & Trupkin, Danilo R., 2020. "Land market distortions and aggregate agricultural productivity: Evidence from Guatemala," IFPRI discussion papers 1969, International Food Policy Research Institute (IFPRI).
    10. Yang, Mian & Yang, Fuxia & Sun, Chuanwang, 2018. "Factor market distortion correction, resource reallocation and potential productivity gains: An empirical study on China's heavy industry sector," Energy Economics, Elsevier, vol. 69(C), pages 270-279.
    11. Hu, Yiming & Xu, Mingxia, 2021. "Xi's anti-corruption campaign and the speed of capital structure adjustment," Pacific-Basin Finance Journal, Elsevier, vol. 65(C).
    12. Edouard Schaal & Mathieu Taschereau-Dumouchel, 2020. "Herding cycles," Economics Working Papers 1714, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2023.
    13. Joel M. David & Venky Venkateswaran, 2017. "The Sources of Capital Misallocation," NBER Working Papers 23129, National Bureau of Economic Research, Inc.
    14. Hernandez, M. & Britos, B. & Robles, M. & Trupkin, D., 2018. "Land market distortions: Theory and evidence from Guatemala," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277031, International Association of Agricultural Economists.
    15. David, Joel M. & Simonovska, Ina, 2016. "Correlated beliefs, returns, and stock market volatility," Journal of International Economics, Elsevier, vol. 99(S1), pages 58-77.
    16. Kun Li, 2016. "Privatization, Distortions, and Productivity," 2016 Meeting Papers 993, Society for Economic Dynamics.
    17. Li, Kai & Tsou, Chi-Yang & Xu, Chenjie, 2023. "Learning and the capital age premium," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 76-90.
    18. Simone Lenzu & Francesco Manaresi, 2019. "Sources and implications of resource misallocation: new evidence from firm-level marginal products and user costs," Questioni di Economia e Finanza (Occasional Papers) 485, Bank of Italy, Economic Research and International Relations Area.
    19. Tatsuro Senga, 2015. "New Look at Uncertainty Shocks: Imperfect Information and Misallocation," 2015 Meeting Papers 1373, Society for Economic Dynamics.
    20. Jules H. van Binsbergen & Christian C. Opp, 2017. "Real Anomalies," NBER Working Papers 23238, National Bureau of Economic Research, Inc.
    21. Ferreira, M. & Haber, T. & Rörig, C., 2021. "Financial Factors, Firm size and Firm Potential," Janeway Institute Working Papers 2110, Faculty of Economics, University of Cambridge.
    22. van der Geest, Jesse, 2024. "Economic effects of tax avoidance and compliance," Other publications TiSEM aaca33bf-975d-4e21-9b5f-5, Tilburg University, School of Economics and Management.
    23. Jose Asturias & Jack Rossbach, 2023. "Grouped Variation In Factor Shares: An Application To Misallocation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(1), pages 325-360, February.
    24. Cujean, Julien & Andrei, Daniel & Fournier, Mathieu, 2019. "The Low-Minus-High Portfolio and the Factor Zoo," CEPR Discussion Papers 14153, C.E.P.R. Discussion Papers.
    25. Venky Venkateswaran & Joel David, 2017. "Capital Misallocation: Frictions or Distortions?," 2017 Meeting Papers 1636, Society for Economic Dynamics.
    26. Steven Chong Xiao, 2020. "Do Noisy Stock Prices Impede Real Efficiency?," Management Science, INFORMS, vol. 66(12), pages 5990-6014, December.
    27. Michael Kilumelume & Bruno Morando & Carol Newman & John Rand, 2021. "Tariffs, productivity, and resource misallocation," WIDER Working Paper Series wp-2021-174, World Institute for Development Economic Research (UNU-WIDER).
    28. Robert Ulbricht & Ludwig Straub, 2015. "Endogenous Uncertainty and Credit Crunches," 2015 Meeting Papers 199, Society for Economic Dynamics.
    29. Jose Maria Barrero, 2017. "Firm Dynamics with Subjective Beliefs," 2017 Meeting Papers 367, Society for Economic Dynamics.
    30. Jung Ho Choi, 2021. "Accrual Accounting and Resource Allocation: A General Equilibrium Analysis," Journal of Accounting Research, Wiley Blackwell, vol. 59(4), pages 1179-1219, September.
    31. Bennett, Benjamin & Stulz, Rene M. & Wang, Zexi, 2017. "Does the Stock Market Make Firms More Productive?," Working Paper Series 2017-29, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    32. Joel M. David & Venky Venkateswaran, 2016. "Frictional Investment and the Sources of Misallocation," Working Papers 16-13, New York University, Leonard N. Stern School of Business, Department of Economics.
    33. George-Marios Angeletos & Chen Lian, 2016. "Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination," NBER Working Papers 22297, National Bureau of Economic Research, Inc.
    34. Paul Levine & Joseph Pearlman & Stephen Wright & Bo Yang, 2023. "Imperfect Information and Hidden Dynamics," School of Economics Discussion Papers 1223, School of Economics, University of Surrey.
    35. Eduardo Davila & Thomas Philippon, 2018. "Incompleteness Shocks," 2018 Meeting Papers 109, Society for Economic Dynamics.
    36. Ding Dong & Zheng Liu & Pengfei Wang, 2021. "Turbulent Business Cycles," Working Paper Series 2021-22, Federal Reserve Bank of San Francisco.
    37. Schaal, Edouard & Taschereau-Dumouchel, Mathieu, 2023. "Herding through booms and busts," Journal of Economic Theory, Elsevier, vol. 210(C).
    38. David Lagakos & Mushfiq Mobarak & Michael E. Waugh, 2022. "The Welfare Effects of Encouraging Rural-Urban Migration," Staff Report 635, Federal Reserve Bank of Minneapolis.
    39. Andrea L. Eisfeldt & Yu Shi, 2018. "Capital Reallocation," NBER Working Papers 25085, National Bureau of Economic Research, Inc.
    40. van Binsbergen, Jules H. & Boons, Martijn & Opp, Christian C. & Tamoni, Andrea, 2023. "Dynamic asset (mis)pricing: Build-up versus resolution anomalies," Journal of Financial Economics, Elsevier, vol. 147(2), pages 406-431.
    41. Bandyopadhyay, Debasis & King, Ian & Tang, Xueli, 2019. "Human capital misallocation, redistributive policies, and TFP," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 309-324.
    42. Alam, M. Jahangir, 2020. "Capital misallocation: Cyclicality and sources," Journal of Economic Dynamics and Control, Elsevier, vol. 112(C).
    43. Itay Goldstein & Liyan Yang, 2022. "Commodity Financialization and Information Transmission," Journal of Finance, American Finance Association, vol. 77(5), pages 2613-2667, October.
    44. Benhabib, Jess & Liu, Xuewen & Wang, Pengfei, 2016. "Endogenous information acquisition and countercyclical uncertainty," Journal of Economic Theory, Elsevier, vol. 165(C), pages 601-642.
    45. Daniel Dias, 2016. "A tale of two sectors: why is misallocation higher in services than in manufacturing?," Working Papers w201614, Banco de Portugal, Economics and Research Department.
    46. Maryam Farboodi & Adrien Matray & Laura Veldkamp & Venky Venkateswaran, 2020. "Where Has All the Data Gone?," NBER Working Papers 26927, National Bureau of Economic Research, Inc.
    47. Wang, Shuhong & Zhao, Danqing & Chen, Hanxue, 2020. "Government corruption, resource misallocation, and ecological efficiency," Energy Economics, Elsevier, vol. 85(C).
    48. Jin, Ling & Li, Zhisheng & Lu, Lei & Ni, Xiaoran, 2023. "Does stock market rescue affect investment efficiency in the real sector?," Journal of Financial Markets, Elsevier, vol. 65(C).
    49. Tian, Can, 2022. "Learning and firm dynamics in a stochastic equilibrium," Journal of Economic Theory, Elsevier, vol. 203(C).
    50. Itay Goldstein, 2023. "Information in Financial Markets and Its Real Effects," Review of Finance, European Finance Association, vol. 27(1), pages 1-32.
    51. Veldkamp, Laura & Farboodi, Maryam, 2018. "Long Run Growth of Financial Data Technology," CEPR Discussion Papers 13278, C.E.P.R. Discussion Papers.
    52. Gao, Lin & Hitzemann, Steffen & Shaliastovich, Ivan & Xu, Lai, 2022. "Oil volatility risk," Journal of Financial Economics, Elsevier, vol. 144(2), pages 456-491.
    53. Ferracuti, Elia & Stubben, Stephen R., 2019. "The role of financial reporting in resolving uncertainty about corporate investment opportunities," Journal of Accounting and Economics, Elsevier, vol. 68(2).
    54. Shenoy, Ajay, 2015. "Market Failures and Misallocation," Santa Cruz Department of Economics, Working Paper Series qt8m27w1r7, Department of Economics, UC Santa Cruz.
    55. Shen, Junyan, 2023. "Capital misallocation and financial market frictions: Empirical evidence from equity cost of capital," International Review of Economics & Finance, Elsevier, vol. 87(C), pages 486-504.
    56. David, Joel M. & Schmid, Lukas & Zeke, David, 2022. "Risk-adjusted capital allocation and misallocation," Journal of Financial Economics, Elsevier, vol. 145(3), pages 684-705.
    57. Bańbura, Marta & Albani, Maria & Ambrocio, Gene & Bursian, Dirk & Buss, Ginters & de Winter, Jasper & Gavura, Miroslav & Giordano, Claire & Júlio, Paulo & Le Roux, Julien & Lozej, Matija & Malthe-Thag, 2018. "Business investment in EU countries," Occasional Paper Series 215, European Central Bank.
    58. Joel David, 2018. "Misallocation or Risk-Adjusted Capital Allocation?," 2018 Meeting Papers 323, Society for Economic Dynamics.
    59. Xi, Xican, 2023. "Multi-establishment firms, misallocation, and productivity," Journal of Economic Dynamics and Control, Elsevier, vol. 154(C).
    60. Gondhi, Naveen, 2023. "Rational inattention, misallocation, and the aggregate economy," Journal of Monetary Economics, Elsevier, vol. 136(C), pages 50-75.
    61. M. Cecilia Bustamante & Laurent Frésard, 2021. "Does Firm Investment Respond to Peers’ Investment?," Management Science, INFORMS, vol. 67(8), pages 4703-4724, August.
    62. Amitabh Chandra & Carrie H. Colla & Jonathan S. Skinner, 2023. "Productivity Variation and Input Misallocation: Evidence from Hospitals," NBER Working Papers 31569, National Bureau of Economic Research, Inc.
    63. Hugo A. Hopenhayn, 2014. "On the Measure of Distortions," NBER Working Papers 20404, National Bureau of Economic Research, Inc.
    64. Angeletos, G.-M. & Lian, C., 2016. "Incomplete Information in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1065-1240, Elsevier.
    65. Vo, Hong & Trinh, Quoc-Dat & Le, Minh & Nguyen, Thuy-Ngan, 2021. "Does economic policy uncertainty affect investment sensitivity to peer stock prices?," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 685-699.

  10. Vaidyanathan Venkateswaran & Hugo A. Hopenhayn & Joel David, 2013. "The Informativeness of Stock Prices, Misallocation and Aggregate Productivity," 2013 Meeting Papers 455, Society for Economic Dynamics.

    Cited by:

    1. Julia K. Thomas & Aubhik Khan, 2011. "Default Risk and Aggregate Fluctuations in an Economy with Production Heterogeneity," 2011 Meeting Papers 1333, Society for Economic Dynamics.
    2. Shenoy, Ajay, 2015. "Market Failures and Misallocation," Santa Cruz Department of Economics, Working Paper Series qt8m27w1r7, Department of Economics, UC Santa Cruz.
    3. Matthias Meier & Ariel Mecikovsky & Christian Bayer, 2014. "Dynamics of Factor Productivity Dispersions," 2014 Meeting Papers 719, Society for Economic Dynamics.

  11. Joel David, 2012. "The Aggregate Implications of Mergers and Acquisitions," 2012 Meeting Papers 1178, Society for Economic Dynamics.

    Cited by:

    1. Stiebale, Joel & Wößner, Nicole, 2017. "M&As, investment and financing constraints," DICE Discussion Papers 257, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    2. Stiebale, Joel, 2016. "Cross-border M&As and innovative activity of acquiring and target firms," Journal of International Economics, Elsevier, vol. 99(C), pages 1-15.
    3. Theodosios Dimopoulos & Stefano Sacchetto, 2014. "Merger Activity in Industry Equilibrium," GSIA Working Papers 2012-E47, Carnegie Mellon University, Tepper School of Business.
    4. Serguey Braguinsky & Atsushi Ohyama & Tetsuji Okazaki & Chad Syverson, 2014. "Acquisitions, productivity, and profitability : Evidence from the Japanese cotton spinning industry," Working Paper Research 270, National Bank of Belgium.
    5. Xu, Jianhuan, 2017. "Growing through the merger and acquisition," Journal of Economic Dynamics and Control, Elsevier, vol. 80(C), pages 54-74.
    6. Stiebale, Joel & Vencappa, Dev, 2016. "Acquisitions, markups, efficiency, and product quality: Evidence from India," DICE Discussion Papers 229, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    7. Veronica Rappoport & Catherine Thomas & Bernard Salanie & Maria Guadalupe, 2016. "The Perfect Match: Assortative Matching in International Acquisitions," 2016 Meeting Papers 507, Society for Economic Dynamics.
    8. Nishihara, Michi, 2023. "Target-initiated takeover with search frictions," European Journal of Operational Research, Elsevier, vol. 305(3), pages 1480-1497.
    9. Huang, Jingong & Xie, Taojun, 2023. "Technology centrality, bilateral knowledge spillovers and mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 79(C).
    10. Chlond, Bettina & Germeshausen, Robert, 2023. "Impacts of ownership changes on emissions and industrial production: Evidence from Europe," ZEW Discussion Papers 23-016, ZEW - Leibniz Centre for European Economic Research.
    11. Galina Besstremyannaya & Richard Dasher & Sergei Golovan, 2018. "Growth through acquisition of innovations," Working Papers w0247, New Economic School (NES).
    12. Cun, Wukuang, 2022. "Endogenous lemons markets and information cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 141(C).
    13. Udichibarna Bose, 2023. "Does green transition promote green innovation and technological acquisitions?," Working Papers w202305, Banco de Portugal, Economics and Research Department.
    14. Andrea L. Eisfeldt & Yu Shi, 2018. "Capital Reallocation," NBER Working Papers 25085, National Bureau of Economic Research, Inc.
    15. Andrea Caggese & Ander Pérez-Orive, 2018. "Capital misallocation and secular stagnation," Economics Working Papers 1637, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2019.
    16. Galina Besstremyannaya & Richard Dasher & Sergei Golovan, 2019. "Growth through acquisition of innovations," Working Papers w0247, Center for Economic and Financial Research (CEFIR).
    17. Xiaoxu Zhang & Yu Song & Hongyu Liu, 2023. "Too Much of a Good Thing? The Impact of Serial M&A on Innovation Performance," Sustainability, MDPI, vol. 15(12), pages 1-23, June.

Articles

  1. David, Joel M. & Schmid, Lukas & Zeke, David, 2022. "Risk-adjusted capital allocation and misallocation," Journal of Financial Economics, Elsevier, vol. 145(3), pages 684-705.
    See citations under working paper version above.
  2. Joel M. David, 2021. "Has Covid-19 been a “reallocation recession”?," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue 452, pages 1-8, March.

    Cited by:

    1. Niels Gillmann & Andreas Maas & Antje Weyh, 2023. "Berufliche Mobilität vor und während der Corona-Pandemie," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 30(01), pages 03-10, February.

  3. Joel M David, 2021. "The Aggregate Implications of Mergers and Acquisitions [Innovation, Reallocation, and Growth]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(4), pages 1796-1830.
    See citations under working paper version above.
  4. Tanaka, Mari & Bloom, Nicholas & David, Joel M. & Koga, Maiko, 2020. "Firm performance and macro forecast accuracy," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 26-41.
    See citations under working paper version above.
  5. Joel M. David, 2020. "Will the Covid-19 pandemic lead to job reallocation and persistent unemployment?," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue 444, pages 1-6, August.

    Cited by:

    1. Mr. Geoffrey J Bannister & Mr. Harald Finger & Siddharth Kothari & Ms. Elena Loukoianova, 2020. "Addressing the Pandemic's Medium-Term Fallout in Australia and New Zealand," IMF Working Papers 2020/272, International Monetary Fund.

  6. Joel M. David & Venky Venkateswaran, 2019. "The Sources of Capital Misallocation," American Economic Review, American Economic Association, vol. 109(7), pages 2531-2567, July.
    See citations under working paper version above.
  7. Joel M. David & Hugo A. Hopenhayn & Venky Venkateswaran, 2016. "Information, Misallocation, and Aggregate Productivity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(2), pages 943-1005.
    See citations under working paper version above.
  8. David, Joel M. & Simonovska, Ina, 2016. "Correlated beliefs, returns, and stock market volatility," Journal of International Economics, Elsevier, vol. 99(S1), pages 58-77.
    See citations under working paper version above.

Chapters

  1. Joel M. David & Ina Simonovska, 2016. "Correlated Beliefs, Returns, and Stock Market Volatility," NBER Chapters, in: NBER International Seminar on Macroeconomics 2015, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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