. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …

between firm size, scope and productivity. More efficient firms become exporters, but not all exporters are large and not all …

, scope, and productivity. Our model explains two puzzles. First, it explains the well-known size-discount puzzle: large firms … our model, globalization not only affects the distribution of observed productivities but also productivity at the firm …

, scope, and productivity. In the model, firms are heterogeneous in how well they cope with expanding their product range. The …-discount puzzle" found in the data. Globalization induces a merger wave that leads to an improvement in average productivity. This … improvement is not due to selection effects but rather due to product-level productivity effects. The model predicts that …

heterogeneity in firm productivity and the possibility of offshoring production dramatically alters the impact of trade … thus trade liberalization can lead to average productivity losses in some countries; ii) Trade liberalization may reverse …

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

always redistribute capital toward more efficient firms and always to improve an industry’s total factor productivity …. However, it may reduce capital prices and cause labor productivity to drop. Low efficiency firms are affected mainly by …

always redistribute capital toward more efficient firms and always to improve an industry's total factor productivity …. However, it may reduce capital prices and cause labor productivity to drop. Low efficiency firms are affected mainly by …