Amiti, Mary; Kong, Sang Hoon; Weinstein, David E. - National Bureau of Economic Research - 2021
protection equals the dual measure of revenue TFP, providing a theoretical foundation for why many studies have found that trade … apply this framework to understanding the implications of the U.S.-China trade war. Our results show that the trade …, but also by causing declines in the returns of firms trading with China. We find that markets expect the trade war to …