efficiency. First, treatment firms have higher productivity and quality after controlling for rug specifications. Second, when …

The United States produced about 80 percent of the world's cotton in the decades prior to the Civil War. How much … monopoly power did the United States possess in the world cotton market and what would have been the effect of an optimal … export tax? This paper estimates the elasticity of foreign demand for U.S. cotton exports and uses the elasticity in a simple …

and widely taking place in China, it is much less known whether and to what extent privatization has improved resource … allocation and productivity. As a first step toward the fuller understanding of the effect of privatization, this study … economic growth in the 1980s. Our empirical results indicate that productivity was significantly enhanced by the recent …

improving production efficiency and product quality in both countries, but it matters more in China than in the US, especially …

US, China, and India reveals substantial losses in productivity and output due to the informational friction. Our … estimates for these losses range from 7-10% for productivity and 10-14% for output in China and India, and are smaller, though …We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and …

international competition, each industry has evolved in its own way. In textiles, there has been tremendous capitalization. In … apparel, the organization of production has changed. In both cases, industry productivity has increased markedly, and this is …

estimates. To assess the importance of these assumptions, we examine two natural experiments: the recession in cotton textile … adjusting for migration, we find that mortality increased during the cotton recession, but was largely unaffected by the coal …