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...
| מחבר ראשי: | |
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| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2018.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 2018/221 |
| גישה מקוונת: | Full text available on IMF |