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A Tale of Two Sectors

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Source: A Tale of Two Sectors : Why is Misallocation Higher in Services than in Manufacturing?

Volume/Issue: 2016/220

Series: IMF Working Papers

Author(s): Daniel Dias , Christine Richmond , and Carlos Robalo Marques

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2016

ISBN: 9781475553796

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...

A Tale of Two Sectors
			: Why is Misallocation Higher in Services than in Manufacturing?

A Tale of Two Sectors : Why is Misallocation Higher in Services than in Manufacturing? »

Volume/Issue: 2016/220

Series: IMF Working Papers

Author(s): Daniel Dias , Christine Richmond , and Carlos Robalo Marques

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 November 2016

DOI: http://dx.doi.org/10.5089/9781475553796.001

ISBN: 9781475553796

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...