The literature has shown that the implied welfare gains from international financial integration are very small. We … revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes … welfare gains from financial integration are equivalent to a 9% increase in consumption for the median developing country, and …

the result of a welfare gain of around 5% from the endogenous increase in productivity coupled with a loss of around 7 …This paper analyses the welfare effects of changes in cross-sectional wage dispersion, using a class of tractable … heterogeneous-agent economies. We emphasize a trade-off in the welfare calculation that arises when labour supply is endogenous. On …

reconcile the conflicting primal and dual estimates of productivity growth over the period. …

-size distribution? Do they affect individual city sizes? Do they contribute to the productivity advantage of large cities and the nature …

productivity in the generation segment of the industry. Controlling explicitly for sources of price-heterogeneity across firms and …

We investigate the roles of productivity and the specificity of inputs for the international sourcing strategy of firms … transaction. The dataset also provides information to estimate the firms' productivity and their intensity in relationship …

that they impose a net welfare loss on the economy. When viewed through a dynamic lens, however, the findings of a positive … relationship between firm age and employee compensation as well as firm age and firm productivity suggest that there may be at …