On 28th November OxTalks will move to the new Halo platform and will become 'Oxford Events' (full details are available on the Staff Gateway).
There will be an OxTalks freeze beginning on Friday 14th November. This means you will need to publish any of your known events to OxTalks by then as there will be no facility to publish or edit events in that fortnight. During the freeze, all events will be migrated to the new Oxford Events site. It will still be possible to view events on OxTalks during this time.
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Abstract:
Resource misallocation explains a large part of cross-country productivity differences. Measuring gaps in marginal products of labor and capital across plants can quantify the extent but not the source of this misallocation. We use new microdata from the oil industry (that includes information on taxation) to pin down both the extent and source of misallocation in the rest-of-the-world versus the United States. We confirm the existence of sizeable gaps in marginal products across production units. However, once differences in direct taxation are accounted for, these gaps largely disappear. This provides strong evidence that gaps in marginal products are largely driven by differences in tax policies rather than more indirect distortions.
