Coordination failures and endogenous productivity : a general equilibrium approach

Detalhes bibliográficos
Ano de defesa: 2018
Autor(a) principal: ARAÚJO, Daniel Mendonça
Orientador(a): VAZ, Paulo Henrique Pereira de Meneses
Banca de defesa: Não Informado pela instituição
Tipo de documento: Dissertação
Tipo de acesso: Acesso aberto
Idioma: eng
Instituição de defesa: Universidade Federal de Pernambuco
Programa de Pós-Graduação: Programa de Pos Graduacao em Economia
Departamento: Não Informado pela instituição
País: Brasil
Palavras-chave em Português:
Link de acesso: https://repositorio.ufpe.br/handle/123456789/35173
Resumo: Several papers have shown that the misallocation of resources among heterogeneous firms can have damaging consequences for countries’ total factor productivity. The present work studies the impact of these distortions when they affect not only the present productivity, but also the dynamics of future productivity, in an environment where the decisions of the agents can generate coordination failures. This analysis will be carried out from a standard model of heterogeneous firms, with partially endogenous productivity. In this model, firms have the ability to affect their future productivity by means of risky experiments, which take the form of productivity shocks, and coordination failures are generated from a complementarity of demand.