Entrepreneurship, Life Cycle of firms and Resource Misallocation in Brazil

Detalhes bibliográficos
Autor(a) principal: CAVALCANTI, João Pedro de Almeida
Data de Publicação: 2021
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Institucional da UFPE
Texto Completo: https://repositorio.ufpe.br/handle/123456789/40591
Resumo: VASCONCELOS, Rafael da Silva, também é conhecido(a) em citações bibliográficas por: VASCONCELOS, Rafael.
id UFPE_31706a93d84b97bb874e07fb1e2835b5
oai_identifier_str oai:repositorio.ufpe.br:123456789/40591
network_acronym_str UFPE
network_name_str Repositório Institucional da UFPE
repository_id_str 2221
spelling CAVALCANTI, João Pedro de Almeidahttp://lattes.cnpq.br/5511736863428830http://lattes.cnpq.br/0123188246815159VASCONCELOS, Rafael da Silva2021-07-21T20:38:23Z2021-07-21T20:38:23Z2021-03-23CAVALCANTI, João Pedro de Almeida. Entrepreneurship, Life Cycle of Firms and Resource Misallocation in Brazil. 2021. Dissertação (Mestrado em Economia) – Universidade Federal de Pernambuco, Recife, 2021.https://repositorio.ufpe.br/handle/123456789/40591VASCONCELOS, Rafael da Silva, também é conhecido(a) em citações bibliográficas por: VASCONCELOS, Rafael.Este artigo investiga a relação entre o ciclo de vida das firmas e a má alocação de recursos no Brasil. Usando bancos de dados administrativos no nível da firma, apresentamos novos fatos estilizados e quantificamos o grau de má alocação de recursos, descobrimos que (i) a eficiência de alocação está próxima a 20% nas indústrias brasileiras; (ii) Os input wedges são altos e há um sobre-investimento em capital; (iii) O Capital Wedge é quase 20% maior em firmas com menos de 10 anos do que em firmas com 40 anos e o labor wedge em firmas com 40 anos é 2 vezes inferior quando comparada com firmas com menos de 10 anos; (iv) As firmas com menos de 10 anos são 65% mais produtivas do que as firmas com mais de 40 anos. Este padrão de alto grau de má alocação e ineficiência é persistente ao longo do tempo. Para explicar esses novos resultados, construímos um modelo teórico de search com micro-distorções no mercado de insumos. Demonstramos que a persistência do alto nível de ineficiência de alocação e baixo nível de produtividade é potencializada por fricções nas trocas. Isso sugere que altos input wedges, altos custos de busca e entrada inibem a entrada de novas firmas e a saída de firmas antigas.CNPqThis paper investigates the relation between life cycle of firms and the resource misallocation in Brazil. Using plant-level administrative databases, we find that (i) allocation efficiency is near 20% in the Brazilian industries; (ii) The input wedges are high and there is an over-investment in capital; (iii) Capital wedge is near 20% higher in under 10 years old firms than 40 years old firms and the labor wedge in 40 years old firms is 2 times inferior when compared with under 10 years old firms; (iv) Under 10 years old firms are 65% more productive than firms over 40 years old. This pattern of high misallocation degree and inefficiency is persistent over time. To explain these new results, we built a Search-theoretic model with micro-distortions in the input market. We demonstrate that the persistence of the high level of allocation inefficiency and low level of productivity is enhanced by trading frictions. Our theoretical results demonstrate that high input wedges, high search and entry costs inhibit the entry of new firms and the exit of old firms.engUniversidade Federal de PernambucoPrograma de Pos Graduacao em EconomiaUFPEBrasilAttribution-NonCommercial-NoDerivs 3.0 Brazilhttp://creativecommons.org/licenses/by-nc-nd/3.0/br/info:eu-repo/semantics/openAccessCiclo de vida do produtoEmpreendedorismoAlocação de recursosEntrepreneurship, Life Cycle of firms and Resource Misallocation in Brazilinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesismestradoreponame:Repositório Institucional da UFPEinstname:Universidade Federal de Pernambuco (UFPE)instacron:UFPEORIGINALDISSERTAÇÃO João Pedro de Almeida Cavalcanti.pdfDISSERTAÇÃO João Pedro de Almeida Cavalcanti.pdfapplication/pdf2108565https://repositorio.ufpe.br/bitstream/123456789/40591/1/DISSERTA%c3%87%c3%83O%20Jo%c3%a3o%20Pedro%20de%20Almeida%20Cavalcanti.pdf8827c465d48c6cf16995200d73a40259MD51CC-LICENSElicense_rdflicense_rdfapplication/rdf+xml; charset=utf-8811https://repositorio.ufpe.br/bitstream/123456789/40591/2/license_rdfe39d27027a6cc9cb039ad269a5db8e34MD52TEXTDISSERTAÇÃO João Pedro de Almeida Cavalcanti.pdf.txtDISSERTAÇÃO João Pedro de Almeida Cavalcanti.pdf.txtExtracted texttext/plain89999https://repositorio.ufpe.br/bitstream/123456789/40591/4/DISSERTA%c3%87%c3%83O%20Jo%c3%a3o%20Pedro%20de%20Almeida%20Cavalcanti.pdf.txt97b5b69a0dc3bc02534532c70f84d6cdMD54THUMBNAILDISSERTAÇÃO João Pedro de Almeida Cavalcanti.pdf.jpgDISSERTAÇÃO João Pedro de Almeida Cavalcanti.pdf.jpgGenerated Thumbnailimage/jpeg1359https://repositorio.ufpe.br/bitstream/123456789/40591/5/DISSERTA%c3%87%c3%83O%20Jo%c3%a3o%20Pedro%20de%20Almeida%20Cavalcanti.pdf.jpgc3dd39ca163a83717107f7711ef69ef1MD55LICENSElicense.txtlicense.txttext/plain; charset=utf-82310https://repositorio.ufpe.br/bitstream/123456789/40591/3/license.txtbd573a5ca8288eb7272482765f819534MD53123456789/405912021-07-22 02:15:55.701oai:repositorio.ufpe.br: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ório InstitucionalPUBhttps://repositorio.ufpe.br/oai/requestattena@ufpe.bropendoar:22212021-07-22T05:15:55Repositório Institucional da UFPE - Universidade Federal de Pernambuco (UFPE)false
dc.title.pt_BR.fl_str_mv Entrepreneurship, Life Cycle of firms and Resource Misallocation in Brazil
title Entrepreneurship, Life Cycle of firms and Resource Misallocation in Brazil
spellingShingle Entrepreneurship, Life Cycle of firms and Resource Misallocation in Brazil
CAVALCANTI, João Pedro de Almeida
Ciclo de vida do produto
Empreendedorismo
Alocação de recursos
title_short Entrepreneurship, Life Cycle of firms and Resource Misallocation in Brazil
title_full Entrepreneurship, Life Cycle of firms and Resource Misallocation in Brazil
title_fullStr Entrepreneurship, Life Cycle of firms and Resource Misallocation in Brazil
title_full_unstemmed Entrepreneurship, Life Cycle of firms and Resource Misallocation in Brazil
title_sort Entrepreneurship, Life Cycle of firms and Resource Misallocation in Brazil
author CAVALCANTI, João Pedro de Almeida
author_facet CAVALCANTI, João Pedro de Almeida
author_role author
dc.contributor.authorLattes.pt_BR.fl_str_mv http://lattes.cnpq.br/5511736863428830
dc.contributor.advisorLattes.pt_BR.fl_str_mv http://lattes.cnpq.br/0123188246815159
dc.contributor.author.fl_str_mv CAVALCANTI, João Pedro de Almeida
dc.contributor.advisor1.fl_str_mv VASCONCELOS, Rafael da Silva
contributor_str_mv VASCONCELOS, Rafael da Silva
dc.subject.por.fl_str_mv Ciclo de vida do produto
Empreendedorismo
Alocação de recursos
topic Ciclo de vida do produto
Empreendedorismo
Alocação de recursos
description VASCONCELOS, Rafael da Silva, também é conhecido(a) em citações bibliográficas por: VASCONCELOS, Rafael.
publishDate 2021
dc.date.accessioned.fl_str_mv 2021-07-21T20:38:23Z
dc.date.available.fl_str_mv 2021-07-21T20:38:23Z
dc.date.issued.fl_str_mv 2021-03-23
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.citation.fl_str_mv CAVALCANTI, João Pedro de Almeida. Entrepreneurship, Life Cycle of Firms and Resource Misallocation in Brazil. 2021. Dissertação (Mestrado em Economia) – Universidade Federal de Pernambuco, Recife, 2021.
dc.identifier.uri.fl_str_mv https://repositorio.ufpe.br/handle/123456789/40591
identifier_str_mv CAVALCANTI, João Pedro de Almeida. Entrepreneurship, Life Cycle of Firms and Resource Misallocation in Brazil. 2021. Dissertação (Mestrado em Economia) – Universidade Federal de Pernambuco, Recife, 2021.
url https://repositorio.ufpe.br/handle/123456789/40591
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv Attribution-NonCommercial-NoDerivs 3.0 Brazil
http://creativecommons.org/licenses/by-nc-nd/3.0/br/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution-NonCommercial-NoDerivs 3.0 Brazil
http://creativecommons.org/licenses/by-nc-nd/3.0/br/
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Universidade Federal de Pernambuco
dc.publisher.program.fl_str_mv Programa de Pos Graduacao em Economia
dc.publisher.initials.fl_str_mv UFPE
dc.publisher.country.fl_str_mv Brasil
publisher.none.fl_str_mv Universidade Federal de Pernambuco
dc.source.none.fl_str_mv reponame:Repositório Institucional da UFPE
instname:Universidade Federal de Pernambuco (UFPE)
instacron:UFPE
instname_str Universidade Federal de Pernambuco (UFPE)
instacron_str UFPE
institution UFPE
reponame_str Repositório Institucional da UFPE
collection Repositório Institucional da UFPE
bitstream.url.fl_str_mv https://repositorio.ufpe.br/bitstream/123456789/40591/1/DISSERTA%c3%87%c3%83O%20Jo%c3%a3o%20Pedro%20de%20Almeida%20Cavalcanti.pdf
https://repositorio.ufpe.br/bitstream/123456789/40591/2/license_rdf
https://repositorio.ufpe.br/bitstream/123456789/40591/4/DISSERTA%c3%87%c3%83O%20Jo%c3%a3o%20Pedro%20de%20Almeida%20Cavalcanti.pdf.txt
https://repositorio.ufpe.br/bitstream/123456789/40591/5/DISSERTA%c3%87%c3%83O%20Jo%c3%a3o%20Pedro%20de%20Almeida%20Cavalcanti.pdf.jpg
https://repositorio.ufpe.br/bitstream/123456789/40591/3/license.txt
bitstream.checksum.fl_str_mv 8827c465d48c6cf16995200d73a40259
e39d27027a6cc9cb039ad269a5db8e34
97b5b69a0dc3bc02534532c70f84d6cd
c3dd39ca163a83717107f7711ef69ef1
bd573a5ca8288eb7272482765f819534
bitstream.checksumAlgorithm.fl_str_mv MD5
MD5
MD5
MD5
MD5
repository.name.fl_str_mv Repositório Institucional da UFPE - Universidade Federal de Pernambuco (UFPE)
repository.mail.fl_str_mv attena@ufpe.br
_version_ 1802310683132428288

Registros relacionados