Using a large sample of private firms over the period from 2001 to 2013, we study the effect of corruption uncertainty on corporate investments and cash holdings. We find that a higher uncertainty about the level of corruption is associated with lower corporate investments and lower cash...

Employment protection affects aggregate productivity via several channels in potentially contradicting ways, which makes it difficult to establish the relationship between the two. This study focuses on the misallocation of production factors across plants, which has been shown in past studies...

Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm dynamics, considering both firm closedown and product switching. We contribute to the literature in two important ways: (1) this is the first paper to study the determinants of...

Multi-sector versions of the international trade model of Eaton and Kortum (2002) usually restrict trade elasticities to be identical across sectors, with potentially distorting effects on the estimates of the model parameters. This paper allows for heterogeneous sectoral trade elasticities and...

Using the dataset in a maximum of 187 countries for the period 1960-2014, I show that the size of tradable sectors is positively associated with economic growth. Empirical results illustrate that growth effects of the size of tradable sectors are significant and relatively higher in developing...

In this article, we examine the dynamics of Global Value Chains (GVCs) since the 2000s. Did it show a marked expansion up to the Great Recession and did GVCs begin a downturn in the 2010s? To better understand the evolution of GVCs at the world level, we use very detailed trade data for 2000 to...

Czechia is one of the most export-oriented countries, reaching high levels of economic complexity. However, its innovative capabilities remain limited. Taking these factors into consideration, we determined the country's optimal diversification path by identifying prospective export sectors...

Rising energy prices might lead to adjustments along the supply chain and make firms outsource energy-intensive processes. This could lead to carbon leakage. I provide empirical evidence whether energy price-induced offshoring occurs using firm-level data on energy use, imports, and material...

We demonstrate that common modeling assumptions underlying micro-unit productivity indices induce biases in the evolution and decomposition of standard aggregate productivity measures. After controlling for such biases, we decompose aggregate productivity based on groups of economically...