Market reallocation and knowledge spillover
Laura Alfaro
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Market reallocation and knowledge spillover
by Laura Alfaro
Published
2013
Publisher
Harvard Business School
Pages
47
Description
Quantifying the gains from multinational production has been a vital topic of economic research. Positive productivity gains are often attributed to knowledge spillover from multinational to domestic firms. An alternative, less emphasized explanation is market reallocation, whereby competition from multinationals leads to factor reallocation and the survival of only the most productive domestic firms. We develop a model that incorporates both aspects and quantify their relative importance in the gains from multinational production by exploring their distinct predictions for domestic distributions of productivity and revenue. We show that knowledge spillover shifts both distributions rightward while market reallocation raises the left truncation of the distributions and shifts revenue leftward. Using a rich firm-level panel dataset that spans 60 countries, we find that both market reallocation and knowledge spillover are significant sources of productivity gain. Ignoring the role of market reallocation can lead to significant bias in understanding the nature of gains from multinational production.
Frequently Asked Questions
How many pages are in Market reallocation and knowledge spillover?
This edition of Market reallocation and knowledge spillover has approximately 47 pages. Please note, this is an estimate and the exact page count can vary between hardcover, paperback, and e-book versions.
How long does it take to read Market reallocation and knowledge spillover?
For most readers, Market reallocation and knowledge spillover typically takes between 59m and 39m to complete. This is based on the book's length of approximately 11,750 words and common reading speeds.
Here's a detailed breakdown: • Continuous reading at 250 WPM: approximately 47m of focused reading • Casual reading (30 minutes/day): you could finish in roughly 2 days • Estimated word count: 11,750 words
Your individual reading time will vary based on your personal reading pace, the amount of daily reading time, and your familiarity with the subject matter.
What is the word count of Market reallocation and knowledge spillover?
The estimated word count for Market reallocation and knowledge spillover is approximately 11,750 words. This figure is calculated using industry-standard methods that consider genre-specific word density patterns, typical formatting and layout characteristics, and standard words-per-page ratios for published books.
This is an approximation — actual word count may vary based on font size, formatting, edition, and the presence of illustrations or charts.
Who is the author of Market reallocation and knowledge spillover?
Market reallocation and knowledge spillover was written by Laura Alfaro.
When was Market reallocation and knowledge spillover published?
The publication date for this specific edition is 2013. The original work may have been published on a different date.