This dissertation explores the interactions between resource reallocation, productivity dynamics and business cycles. A theory that combines two driving forces for resource reallocation, learning and creative destruction, is presented to reconcile several empirical findings of gross job flows....

This study analyzes dynamic production input factor decisions using the annual Census of Manufacturing firms from Colombia and monthly production data from a glass mould firm. It proposes a model able to explain the mix of smooth and lumpy adjustment and both the static and dynamic interrelation...