THE (MIS)ALLOCATION OF CAPITAL

被引：21

作者：

Banerjee, Abhijit V. ^{[1
]}

Duflo, Esther ^{[1
]}

Munshi, Kaivan ^{[2
]}

机构：

[1] MIT, Cambridge, MA 02139 USA

[2] Univ Penn, Philadelphia, PA 19104 USA

来源：

JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION | 2003年 / 1卷 / 2-3期

关键词：

D O I：

10.1162/154247603322391125

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Is capital allocated so that its marginal product is equated to the market interest rate? Is the marginal product of capital equalized across its alternative uses? This paper attempts to answer both of these questions using data from India, and concludes that both these standard properties fail by a wide margin. (JEL: O16, G2)

引用

页码：484 / 494

页数：11