Ensuring and maintaining staff competitiveness on the national and international level, the quantification of effective ways of enhancing competitive advantages of the national economy, are crucial strategies for socio-economic development of world countries. This article investigates the...

We examine empirically and theoretically the relation between firms' risk and their distance to consumers in a production network. We document two novel facts: firms that are further away from consumers have higher risk premia and higher exposures to aggregate productivity. We quantitatively...