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heterogeneous firms and costly trade. Growth originates from horizontal specialization and the steady state productivity growth rate … production. -- productivity ; entry costs ; heterogeneous firms ; trade liberalization …
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Media pundits and some politicians would have us believe that industrial production has been declining in the United States. Some would even say that “we don't make things anymore.” However, the statistics show a different picture. This paper examines the trade statistics for the United...
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