power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm …

(FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …

productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a …

as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …

-country differences in total factor productivity (TFP) levels. Two differences distinguish this analysis from that of the related …

output and total factor productivity (TFP) in the wake of a crisis. Second, we develop a DSGE model with financial frictions …

productivity, while import liberalization has ambiguous effects. Resource misallocation can either amplify, dampen or reverse the … productivity gains. Guided by theory, we provide evidence consistent with these effects operating through reallocations across … firms in the presence of distortions: (i) Both export and import expansion increase average firm productivity, but the …