-distributed firm productivity, which has become a tractable benchmark. This benchmark model predicts that, conditional on the fixed …-level productivity, fixed costs and demand shifters, and use 'exact hat algebra' to quantify the effects of a decline in trade costs on …

Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a … ""balanced"" one in which China''s productivity grows at the same rate in each sector, and an ""unbalanced"" one in which China …''s comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well …

Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis … productivity slowdown over the past two decades in four closely integrated European countries, Austria, Denmark, Germany and the … Netherlands, based on firm-level data. Participation in global value chains appears to have affected productivity positively …

This paper investigates what factors affect the duration of sudden stops in capital flows using quarterly data for a … sudden stop state by between 50 to 80 percent. Flexible exchange rate regimes significantly shorten the duration of output … decelerations following sudden stops by over 30 percent. Positive variations in terms of trade also abbreviate the duration of …