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Ezra Oberfield
Ezra Oberfield is an Assistant Professor of Economics at Princeton University. His research interests lie in the areas of macroeconomics, firm dynamics, and growth. His recent work has focused on firm-to-firm production networks, the division of income between capital and labour, and idea flows. He is a Faculty Research Fellow at the NBER (National Bureau of Economic Research) and a CESifo (Center for Economic Studies) research network affiliate. He received a Ph.D. in economics from the University of Chicago and previously served as an Economist at the Federal Reserve Bank of Chicago.
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(Un)ease of doing business: How congested courts hinder firm productivity
The strength of contract enforcement determines how firms source inputs and organise production, and hence influences productivity. Using microdata on Indian manufacturing, this article quantifies the impact of congestion and delays in Indian courts of justice on aggregate productivity. It finds on average across states, if court congestion were reduced to be in line with the least congested state, industrial productivity will increase by roughly 5%.
