improve the business conditions in one country have negative productivity and welfare effects on the trading partner. Second …

understand the link between institutions and an economy's productivity distribution. -- intra-industry trade ; heterogeneous …

; productivity ; financial constraint ; export ; technology frontier ; BEEPS …

knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed then productivity, technical progress always increases inequality. Redistribution from profits to …

death ; firm heterogeneity ; business conditions and firm productivity ; trade integration …

. In this case, increases in aggregate productivity result in a reduction in welfare. For example, this may occur when …

it improves aggregate productivity net of transport costs. We show that this condition is likely to be met by a reduction …