In this thesis, I empirically investigate the selection process and the evolution of an industry in response to aggregate shocks.In the first essay (Chapter 2), I develop a new way to quantify the effects of import competition on intra-industry patterns of job creation and destruction and...

This dissertation develops dynamic stochastic models of heterogeneous firms in small open economies and uses them to analyze how firms' decisions are shaped by their participation in export markets and to understand the implications that these decisions have for firm-level volatility and the...

Increases in wages and the appreciation of the New Taiwanese dollar since the mid-1980s have significantly altered the environment in which firms operate and survive. In particular, as more countries have liberalized their trade and foreign investment policies, Taiwanese firms have been...

We observe a very distinct pattern of entry and exit in the oil industry. Significant numbers of well openings and closings are only observed during periods of very high oil prices and very low oil prices, respectively. A band of inaction lies between the high entry and the low exit price....

ABSTRACTCHAPTER 1: A Structural Empirical Model of R&D Investment, Firm Heterogeneity, and Industry EvolutionThis paper develops and estimates a structural model of R&D investment and productivity evolution of manufacturing plants in the Korean electric motor industry from 1991 to 1996....

CHAPTER 1: Productivity Improvements and Falling Trade Costs: Boon or Bane?This essay looks at two features of globalization, namely, productivity improvements and falling trade costs, and explores their effect on welfare in a monopolistic competition model with heterogeneous firms and...

The gradual development of establishment and firm-level micro data has lead to a large body of empirical work in industrial organization. This dissertation extends this work by incorporating firm and market heterogeneity into the empirical analysis. Using the Census of Manufactures, we construct...

CHAPTER 1: Income Distribution, Market Structure, and Individual WelfareThis essay proposes a new insight on how income distribution influences market structure and affects the economic well-being of different groups. It shows that inequality may be good for the poor via a trickle-down effect...

This dissertation consists of three chapters.Chapter 2 analyzes the reallocation of labor following a trade liberalization. Theseepisodes typically display three features: slow net absorption of labor by export-orientedsectors, large reallocation costs for displaced workers, and a...

The main objective of this research is to discuss and extend the existing literature that is concerned with the estimation of demand and supply parameters to determine unobserved prices, quantities, quality and marginal costs at the firm-level using data sets that reports only revenue and cost...