Resource misallocation and manufacturing productivity: The case of Ukraine |
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| Affiliation: | 1. Department of Politics, New York University, United States;2. Departments of Biology and Computer Science, New York University, United States, and Simons Foundation, Simons Center for Data Analysis, United States;1. PSSRU, CHSS, University of Kent, Canterbury, UK;2. TDC Group, Copenhagen, Denmark;3. George Mason University, Virginia, USA;1. Kyiv Economics Institute at the Kyiv School of Economics, Ukraine, University of Kent, United Kingdomn;2. USDA Economic Research Service, United States;3. Michigan State University, United States;4. Lazarski University, Poland;1. EBRD, United Kingdom and Tilburg University, the Netherlands;2. Universitat Pompeu Fabra, Spain;3. EBRD, United Kingdom;1. Bank of Canada, 234 Laurier Avenue West, Ottawa, Ontario K1A 0G9, Canada;2. Department of Economics, Emory University, 1602 Fishburne Dr, Rich Bldg., 3rd Floor, Atlanta, GA 30322, USA;3. University of Bradford, Faculty of Social and International Studies, Richmond Rd, Bradford, West Yorkshire, BD7 1DP, United Kingdom;4. Kyiv School of Economics, Ukraine and National Research University Higher School of Economics, 13 Yakira St., Suite 319, Kyiv, 04119, UKRAINE |
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| Abstract: | Applying Hsieh and Klenow (2009) methodology, and using the dataset of 47,497 unique establishments over the period of 2002–2010, I investigate the effects of resource misallocation on the productivity of Ukrainian manufacturing. Empirical results show that there is a significant resource misallocation in Ukrainian manufacturing. If it were the case that all market distortions were eliminated, manufacturing productivity could triple, whereas if Ukraine was as distorted as the US or EU, it could be twice more productive than it is now. The results also show that most enterprises should downsize their level of production and that the major reallocations of resources occur among the most and the least productive enterprises. |
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