• Misallocation and the Recovery of Manufacturing TFP After a Financial Crisis 

      Chen, Kaiji; Irarrazabal, Alfonso (Working Papers;1/2013, Working paper, 2013)
      The Chilean economy experienced a decade of sustained growth in aggregate out-put and productivity after the 1982 financial crisis. This paper analyzes the effects of resource misallocation on total factor productivity ...
    • OPEC's Market Power: An Empirical Dominant Firm Model for the Oil Market 

      Golombek, Rolf; Irarrazabal, Alfonso; Ma, Lin (Working Papers;3/2014, Working paper, 2014)
      In this paper we estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil prices for the 1986-2009 period. All the estimated structural parameters have the expected sign and ...
    • R&D Heterogeneity and Its Implications for Growth 

      Galaasen, Sigurd Mølster; Irarrazabal, Alfonso (Working Papers;15/2016, Working paper, 2016)
      This paper quantifies the determinants of heterogeneity in R&D investment and its implications for growth. Using a panel of Norwegian manufacturing firms we document a negative correlation between R&D intensity and firm ...