With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm …'s marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the … elasticity is always less than minus unity, then output increases with inflation. In the special case that the elasticity always …

Trefler (2004, AER) and others that industrial productivity increases more strongly in liberalized industries than in non … productivity increases more strongly in non-liberalized industries than in liberalized industries. …

is found that patents ought to be weaker, the more intense competition, the higher R&D productivity, and the more …

countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity …. Nonetheless, previous empirical studies often fail to account for productivity effects, and their results may overstate the role … controlling for productivity effects. Indeed, when market competition and productivity effects are both accounted for, trade …

within Japan, we find that the measures of sectoral productivity do not behave in the way suggested by the Balassa … power. -- agglomeration effect ; Penn effect ; sectoral productivity differential ; tradables and non-tradables ; population …