In contrast to what several papers have argued recently, we show that firm heterogeneity fosters agglomeration of … economic activity. If firms are more similar with respect to their total factor productivity, each company faces a lower … propensity to export. This renders the home market more important speaking against agglomeration. We also relate changes in firm …

tech cluster to form. Not only is the productivity of the final sector higher when intermediate firms cluster, but a tech …

productivity advantage fully eroded in the subsequent period. We explore the nature of local spillovers responsible for this …

Heterogeneous firm productivity seems to provide an argument for governments to pursue 'pick-the-winner' strategies by …, favoring high-productivity firms is indeed the optimal policy. When tax competition is aggressive and profit taxes are low …, however, the optimal tax policy is reversed and low-productivity firms are tax-favored. …

face a fall in output, mark-ups and profits, and the average productivity of survivors increases. These pro …

industry productivity. For this purpose we develop a reciprocal dumping model of international trade with heterogeneous firms … expected industry productivity. The central results of the paper regarding firm and industry level R&D spending differ …

We study the impact of techies—engineers and other technically trained workers—on firm-level productivity. We first …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this … of techies on productivity operates mostly through ICT and other techies, not R&D workers. Engineers have a greater …

propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced … potential of growth theory for the analysis of factors behind declining business dynamism and the need for further investigation …