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productivity is endogenously enhanced? To address these questions, we focus on the dynamic effect of trade, in particular, how …
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productivity is endogenously enhanced? To address these questions, we focus on the dynamic effect of trade, in particular, how …
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in total factor productivity (TFP), but the sources of TFP differences are not well understood. This paper considers the … parameterization, my model shows that conventional TFP measures overestimate fundamental productivity differences by 30%. I then show …
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This paper presents a trade model with capital and labor as factors of production. The main contribution of this paper is that it considers a new type of firm heterogeneity, which is empirically relevant: firms in this paper differ with respect to their factor shares in production. Therefore,...
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