Why do cities differ so much in productivity? We document that most of the measured dispersion in productivity across … US cities is spurious and reflects granularity bias: idiosyncratic heterogeneity in plant-level productivity and size …

establishment entry and exit drive immigrant-induced job creation and a rightward shift of the productivity distribution in U ….S. local industries. High-productivity establishments are more likely to enter and less likely to exit in high immigration … environments, whereas low-productivity establishments are more likely to exit. These dynamics result in productivity growth. A …

In our dynamic optimizing sticky price model, agents are heterogeneous with regard to their age and their productivity … dominates the substitution effect. This is in line with the adverse effect of productivity shocks on employment found in …

- US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity across … fundamental problem which most models we analyse face: predicted increases in measured productivity are too low by an order of … trade and productivity reactions to freer trade, raising doubts about the accuracy of the quantitative predictions of a …

plausibly argued to lead to increases in factor productivity in the private economy. This paper observes that government …

We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity …

investigate different identification schemes for bi-variate systems comprising U.S. stock prices and total factor productivity …. The former variable is viewed as reflecting expectations of economic agents about future productivity. It is found that … used for total factor productivity. -- Cointegration ; Markov regime switching model ; vector error correction model …