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migration and trade. This paper aims to check the effect of such restrictions on the unemployment of unskilled labor in the … source country. In competitive general equilibrium framework with three goods and four factors restriction on migration …
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We analyze shocks to productivity, collateral constraint (credit shock), firm operation, and labor disutility in a model of firm dynamics with entry and exit. Shocks to firm operation and labor disutility capture COVID-19 lockdowns. Compared to the productivity shock, the credit and the lockdown...
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