Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 560944
Title Real estate boom and resource misallocation in manufacturing industries: Evidence from China
Author(s) Wu, Yan; Heerink, Nico; Yu, Linhui
Source China Economic Review 60 (2020). - ISSN 1043-951X
Department(s) Development Economics
Publication type Refereed Article in a scientific journal
Publication year 2020
Keyword(s) Manufacturing industries - Productivity dispersion - Real estate boom - Resource misallocation

Resource misallocations between firms have been found to have substantial impacts on the aggregate total factor of productivity. This study examines the impacts of a real estate boom on resource misallocations. We propose that real estate booms drive up demand in real estate-linked industries and that these ‘windfall’ demand spillovers reduce intra-industry competition and increase productivity inequality within industries. Using the difference-in-differences approach, we document that industries that are more linked to the real estate sector experienced increased dispersion in firm productivity in the post-boom era. Real estate booms therefore increase intra-industry resource misallocation.

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