Misallocation and Manufacturing TFP in China and India

Chang-Tai Hsieh, Peter J. Klenow

NBER Working Paper No. 13290
Issued in August 2007, Revised in December 2008

---- Acknowledgments ----

We are indebted to Ryoji Hiraguchi and Romans Pancs for phenomenal research assistance, and to seminar participants, referees, and the editors for comments. We gratefully acknowledge the financial support of the Kauffman Foundation. Hsieh thanks the Alfred P. Sloan Foundation and Klenow thanks SIEPR for financial support. The research in this paper on U.S. manufacturing was conducted while the authors were Special Sworn Status researchers of the U.S. Census Bureau at the California Census Research Data Center at UC Berkeley. Research results and conclusions expressed are those of the authors and do not necessarily reflect the views of the Census Bureau or the National Bureau of Economic Research. This paper has been screened to insure that no confidential data are revealed.

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