Series: IMF Working Papers
Author(s): Daniel Dias , Christine Richmond , and Carlos Robalo Marques
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 November 2016
Keywords: Econometric models, Labor markets, Manufacturing sector, Portugal, Portugal, Productivity, Developed countries, Capital, Services, Total factor productivity
Recent empirical studies document that the level of resource misallocation in the service sector is significantly higher than in the manufacturing sector. We quantify the importance of this difference and study its...