The Causes and Costs of Misallocation

Diego Restuccia, Richard Rogerson

NBER Working Paper No. 23422
Issued in May 2017

---- Acknowledgments ----

Diego Restuccia is a Professor of Economics and a Canada Research Chair, University of Toronto, Toronto, Canada and a Research Associate at the National Bureau of Economic Research, Cambridge, Massachusetts. Richard Rogerson is the Charles and Marie Robertson Professor of Public and International Affairs, Woodrow Wilson School, Princeton University, Princeton, New Jersey and a Research Associate at the National Bureau of Economic Research, Cambridge, Massachusetts. The authors thank the editors Enrico Moretti, Gordon Hanson, and Tim Taylor for useful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Richard Rogerson ----

I have received financial support in excess of $10,000 over the last three years from the Federal Reserve Bank of Minneapolis, the Federal Reserve Bank of Atlanta, the Environmental Protection Agency, Yonsei University (South Korea) and the World Bank.

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