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) the effects of trade and growth on the skill premium. The theory is consistent with certain facts about factor allocation …"In this paper we develop a theory of how factors interact at the plant level. The theory has implications for (1) the … micro foundations for capital-skill complementarity, (2) the relationship between factor allocation and plant size, and (3 …
Persistent link: https://www.econbiz.de/10001825953
) the effects of trade and growth on the skill premium. The theory is consistent with certain facts about factor allocation …In this paper we develop a theory of how factors interact at the plant level. The theory has implications for: (1) the … micro foundations for capital skill complementarity (2) the relationship between factor allocation and plant size and (3 …
Persistent link: https://www.econbiz.de/10012468615
) the effects of trade and growth on the skill premium. The theory is consistent with certain facts about factor allocation …In this paper we develop a theory of how factors interact at the plant level. The theory has implications for: (1) the … micro foundations for capital skill complementarity (2) the relationship between factor allocation and plant size and (3 …
Persistent link: https://www.econbiz.de/10013308369
Persistent link: https://www.econbiz.de/10003977878
Persistent link: https://www.econbiz.de/10008933832
labor frictions. Under standard assumptions, theory always implies a motononic negative link between capital-labor ratios …
Persistent link: https://www.econbiz.de/10010387699
Persistent link: https://www.econbiz.de/10013430414
Government policies that attempt to alleviate credit constraints faced by small and young firms are widely adopted across countries. We study the aggregate impact of such targeted credit subsidies in a heterogeneous firm model with collateral constraints and endogenous entry and exit. A defining...
Persistent link: https://www.econbiz.de/10011756140
labor allocation across firms, leading in steady-state to an increase in output per worker slightly less than 0.3%, holding …
Persistent link: https://www.econbiz.de/10010196279
We consider a tractable model of heterogeneous production units that features endogenous entry and productivity investment to assess the quantitative impact of policy distortions on aggregate output and establishment size. Relative to the standard factor misallocation framework, policy...
Persistent link: https://www.econbiz.de/10012979762