We consider policy distortions in a model where plants face idiosyncratic productivity shocks that evolve following a … productivity over time and the exit rate is exogenous to fit data generated from a model with shocks and endogenous entry, TFP …

to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous …

What accounts for differences in output per capita and total factor productivity (TFP) across countries? Empirical … in a general equilibrium model of establishment productivity where the distribution of productivity is characterized in … productivity improvement thereby altering the productivity distribution and equilibrium prices (dynamic effect), further lowering …