Sectoral Booms and Misallocation of Managerial Talent : Evidence from the Chinese Real Estate Boom /
This paper identifies a new mechanism leading to inefficiency in capital reallocation at the extensive margin when an economy experiences a sectoral boom. I argue that imperfections in the financial market and capital barriers to entry in the booming sector create a misallocation of managerial talen...
| 1. Verfasser: | |
|---|---|
| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2018.
|
| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2018/221 |
| Online Zugang: | Full text available on IMF |