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...

This research advances the hypothesis that resource abundant economies characterized by a socially cohesive workforce and network externalities triggered the emergence of efficiency-enhancing inclusive institutions designed to restrict mobility and to enhance the attachment of community members...

Firm heterogeneity and the allocation of resources across firms play a key role in determining aggregate productivity. Entry barriers and misallocation can substantially impact productivity, as evidenced in recent work. This article provides a unifying theoretical framework and a review of this...

We present a multi-city economic model to study the endogenous choice of migration and to evaluate various policy alternatives during a pandemic. We combine a traditional epidemic dynamic model with endogenous migration decisions between cities and provide analytical solutions under two...

We present a multi-city migration model to study the endogenous choices of migration during a pandemic and to evaluate various policy alternatives as well. Analytical solutions are provided under the two situations respectively: laissez-faire equilibrium and social optimum. We find that...