Why is it that exporter productivity premia (EPP) differ so widely in size? We take this question to the theory and to … EPPs across sectors, and hence across countries, can be explained by the variation in productivity dispersion, trade costs …

We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of … Marginal Revenue): it is necessary and sufficient for the distributions of productivity and sales to have the same form …

alleviating credit constraints for high productivity firms. After the reform, better access to credit allowed these firms to … across firms, thus raising aggregate productivity. …

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 …