Measuring Cross-Country Differences in Misallocation
Martin Rotemberg and
T. Kirk White
Working Papers from U.S. Census Bureau, Center for Economic Studies
Abstract:
We describe differences between the commonly used version of the U.S. Census of Manufactures available at the RDCs and what establishments themselves report. The originally reported data has substantially more dispersion in measured establishment productivity. Measured allocative efficiency is substantially higher in the cleaned data than the raw data: 4x higher in 2002, 20x in 2007, and 80x in 2012. Many of the important editing strategies at the Census, including industry analysts' manual edits and edits using tax records, are infeasible in non-U.S. datasets. We describe a new Bayesian approach for editing and imputation that can be used across contexts.
Pages: 44 pages
Date: 2016-01
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Citations: View citations in EconPapers (4)
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https://www2.census.gov/ces/wp/2016/CES-WP-16-50R.pdf Revised version, 2020 (application/pdf)
https://www2.census.gov/ces/wp/2016/CES-WP-16-50.pdf First version, 2016 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:16-50
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