Antonio Haro Banon began studying for a PhD in Economics in September 2017.
He holds an Undergraduate Degree in Economics from the University of Valencia, and a MSc in Economics from the University of Barcelona.
Aggregate productivity growth slowdown in developed countries can be explained by structural change, which reallocates resources towards industries with low productivity growth. Even though the main explanation relies on sectoral differences in input intensity and technology, market frictions cannot be understated. These distortions can lower an industry TFP by limiting its acquisition of production factors. Services sectors face more distortions than manufacturing industries, which might explain part of their much lower productivity growth. I aim to estimate the extent to which this inefficient input allocation influences structural transformation.