heterogeneous with respect to their entrepreneurial ability, and firms run by more able entrepreneurs have a higher productivity …

things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage …

productivity differences, the model features profit and wage differentials across industries. We use this setting to study the …

-specific emission intensity decreases strongly with increasing firm productivity. -- trade and environment ; monopolistic competition …

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. -- business taxation ; firm …

economic activity. If firms are more similar with respect to their total factor productivity, each company faces a lower …

Many policymakers view power outages as a major constraint on firm productivity in developing countries. Yet empirical … the long-run general-equilibrium effects of power outages on productivity. Outages lower productivity in the model by …

their productivity and net worth and face collateral constraints that cause capital misallocation. TFP endogenously depends … equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the investment of high-productivity … firms relatively more than that of low-productivity ones, crowding out the latter and increasing TFP. We provide empirical …