This paper studies the evolution of China's production and trade patterns during its integration into the global … economy. We document and explain new facts concerning changes in production and exports at the industry and firm levels using … that capital deepening made China's production and exports more capital-intensive, although labor-biased productivity …

production capacity to hedge against supply and demand shocks. But the social benefits of such investments are not internalized …

, production reallocates toward firms that use software more intensively, as they become effectively more productive. Because in …

This paper describes the response of the economy to large shocks in a nonlinear production network. While arbitrary … downstream closeness to final production. The paper then uses the results to analyze the determinants of total tail risk in the …

include the creation and maintenance of a brand name and all its corresponding brand elements (e.g., awareness, reputation …

show that under standard assumptions about the production function, the value loss from using the CAPM can be sizable, of …