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We find that there are substantial within\u2010village frictions in both the land and capital markets linked to land institutions in rural China that disproportionately constrain the more productive farmers. These frictions reduce aggregate agricultural productivity by affecting two key margins: (1) the allocation of resources across farmers (misallocation) and (2) the allocation of workers across sectors, in particular the type of farmers who operate in agriculture (selection). Selection substantially amplifies the productivity effect of distortionary policies by affecting occupational choices that worsen average ability in agriculture.<\/jats:p>","DOI":"10.3982\/ecta16598","type":"journal-article","created":{"date-parts":[[2022,5,25]],"date-time":"2022-05-25T09:12:32Z","timestamp":1653469952000},"page":"1261-1282","source":"Crossref","is-referenced-by-count":285,"title":["Misallocation, Selection, and Productivity: A Quantitative Analysis With Panel Data From China"],"prefix":"10.3982","volume":"90","author":[{"given":"Tasso","family":"Adamopoulos","sequence":"first","affiliation":[{"name":"Department of Economics, York University"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Loren","family":"Brandt","sequence":"additional","affiliation":[{"name":"Department of Economics, University of Toronto"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Jessica","family":"Leight","sequence":"additional","affiliation":[{"name":"International Food Policy Research Institute"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Diego","family":"Restuccia","sequence":"additional","affiliation":[{"name":"Department of Economics, University of Toronto"},{"name":"NBER"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"2359","published-online":{"date-parts":[[2022]]},"reference":[{"key":"ecta200400-bib-0001","doi-asserted-by":"crossref","unstructured":"Adamopoulos, Tasso, Loren Brandt, Jessica Leight, and Diego Restuccia (2022): \u201cSupplement to \u2018Misallocation, Selection, and Productivity: A Quantitative Analysis With Panel Data From China\u2019,\u201d Econometrica Supplemental Material, 90, https:\/\/doi.org\/10.3982\/ECTA16598.","DOI":"10.3982\/ECTA16598"},{"issue":"6","key":"ecta200400-bib-0002","doi-asserted-by":"crossref","first-page":"1667","DOI":"10.1257\/aer.104.6.1667","volume":"104","author":"Adamopoulos","year":"2014","journal-title":"American Economic Review"},{"issue":"3","key":"ecta200400-bib-0003","first-page":"1","volume":"12","author":"Adamopoulos","year":"2020","journal-title":"American Economic Journal: Macroeconomics"},{"key":"ecta200400-bib-0004","doi-asserted-by":"crossref","unstructured":"Adamopoulos, Tasso, and Diego Restuccia (2021): \u201cGeography and Agricultural Productivity: Cross-Country Evidence From Micro Plot-Level Data,\u201d The Review of Economic Studies, rdab059.","DOI":"10.1093\/restud\/rdab059"},{"issue":"4","key":"ecta200400-bib-0005","doi-asserted-by":"crossref","first-page":"689","DOI":"10.1111\/1540-5982.00150","volume":"35","author":"Benjamin","year":"2002","journal-title":"Canadian Journal of Economics"},{"issue":"4","key":"ecta200400-bib-0006","doi-asserted-by":"crossref","first-page":"769","DOI":"10.1086\/428713","volume":"53","author":"Benjamin","year":"2005","journal-title":"Economic Development and Cultural Change"},{"key":"ecta200400-bib-0007","unstructured":"Bils, Mark, Peter J. 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