liberalization. Firm productivity in a given product is modeled as a combination of firm-level quot;abilityquot; and firm …-product-level quot;expertisequot;, both of which are stochastic and unknown prior to the firm's payment of a sunk cost of entry. Higher … firm-level ability raises a firm's productivity across all products, which induces a positive correlation between a firm …

aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous …

This paper examines the impact of the operations of foreign-owned multinational firms on the productivity growth of …-owned firms affects the productivity of local firms in that sector and whether there is any evidence of convergence between that … industry's productivity level and that of the United States. The main results can be summarized as follows: First, productivity …

examine counterfactuals to assess the impact of various global shifts on productivity, plant entry and exit, and labor … productivity. Our model extends basic Ricardian theory to accommodate many countries, geographic barriers, and imperfect … explain basic facts about U.S. plants: (i) productivity dispersion, (ii) the productivity advantage of exporters, (iii) the …

role in increasing productivity growth in U.S. manufacturing. Contemporaneous levels of exports and productivity are indeed … positively correlated across manufacturing industries. However, tests on industry data show causality from productivity to … exporting but not the reverse. While exporting plants have substantially higher productivity levels, we find no evidence that …

for plant size and productivity, we find that foreign plants are significantly more likely to close than comparable …

This paper develops a general test of factor price equalization that is robust to unobserved regional productivity …

The age structure of capital plays an important role in the measurement of productivity. It has been argued that the … productivity measurement. A proposition proves that Nelson's (1964) formula is wrong. Our final proposition shows that inclusion of … the vintage effect prompts an upward correction of measured productivity growth in times of an aging stock of capital …