industry productivity and social welfare. For this purpose we develop a reciprocal dumping model of international trade with … heterogeneous firms and endogenous R&D. We identify two effects of trade liberalization on productivity: a direct effect through … low (high) trade costs; (ii) increases expected industry productivity; and (iii) raises expected social welfare if trade …

competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms … face a fall in output, mark-ups and profits, and the average productivity of survivors increases. These pro …

negative relationship between labor’s share and lagged productivity growth and inflation. I also evaluate the role of labor …

Abstract: This paper investigates the productivity effects of inward and outward foreign direct investment using … knowledge spillovers we argue that effects of FDI work through direct compositional effects as well as changing competition in … the host country. Our results show that there are, on average, productivity benefits from inward FDI, although we can …

Network-effects may lead to imperfect competition and may therefore make a Strategie trade policy attractive for a …