Resource Misallocation in European Firms: The Role of Constraints, Firm Characteristics and Managerial Decisions

Yuriy Gorodnichenko, Debora Revoltella, Jan Svejnar, Christoph T. Weiss

NBER Working Paper No. 24444
Issued in March 2018, Revised in June 2020

---- Acknowledgments ----

We thank Russell Cooper, Peter Klenow, Albert Park and seminar participants in Berkeley, Bristol, Padova, at the 2018 ASSA meeting (Philadelphia), the CompNet 7th Annual Conference (Halle), the conference “Investment in the new monetary and financial environment” (Paris), the 2019 EEA Congress (Manchester), for helpful discussion and comments. In preparing this paper, Yuriy Gorodnichenko and Jan Svejnar worked under a grant from the European Investment Bank. Jan Svejnar was also supported by the Czech Science Foundation (grant No. 15-24642S). The views expressed herein are those of the authors and do not necessarily reflect the views of the European Investment Bank or the National Bureau of Economic Research.

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