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...
| 第一著者: | |
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| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
2018.
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| シリーズ: | IMF Working Papers; Working Paper ;
No. 2018/221 |
| オンライン･アクセス: | Full text available on IMF |