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econ.GN2025
Paradoxes of the public sector productivity measurement
Timo Kuosmanen, Xun Zhou
This paper critically investigates standard total factor productivity (TFP) measurement in the public sector, where output information is often incomplete or distorted. The analysi…
econ.GN2025
Secondary materials, Pigouvian taxes, and a monopsony
Timo Kuosmanen, Xun Zhou
Secondary materials present promising opportunities for firms to repurpose emissions into marketable goods, aligning with circular economy principles. This paper examines condition…
econ.GN2024
Economic growth of cities: Does resource allocation matter?
Sheng Dai, Timo Kuosmanen, Zhiqiang Liao
We study how efficient resource reallocation across cities affects potential aggregate growth. Using optimal resource allocation models and data on 284 China's prefecture-level cit…