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This paper explores the role of country asymmetries for trade and industrial policies with heterogeneous firms. Our analysis delivers a number of novel results. First, trade policies, infrastructure policies and industrial policies which improve the business conditions in one country have...
Persistent link: https://www.econbiz.de/10010294730
How do banks facilitate creative destruction and shape firm turnover? We develop a dynamic general equilibrium model of bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By restructuring loans to firms with poor prospects and...
Persistent link: https://www.econbiz.de/10013453926
margin: the number of exporting firms has grown, and the number of exported products has fallen relatively more for top firms …
Persistent link: https://www.econbiz.de/10012495680
margin: the number of exporting firm has grown, and the number of exported products has fallen more for top firms. Instead …
Persistent link: https://www.econbiz.de/10011979247
We construct a framework of firm dynamics to evaluate the impact of the enforcement of contracts between final goods producers and their intermediate goods suppliers on firm growth, technology accumulation, and aggregate productivity. We build upon the static contracts model of Acemoglu et al....
Persistent link: https://www.econbiz.de/10012166322
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...
Persistent link: https://www.econbiz.de/10010886191
documented that exporting is a rare activity, that exporting firms are larger and more productive than other firms, and that … heterogeneous and highly concentrated. Second, both the extensive margin (number of exporting firms) and the intensive margin … multinational firms, the import behavior of firms, and the extent to which heterogeneity is endogenous to firms. choices, but some …
Persistent link: https://www.econbiz.de/10012669016
We study the effects of import competition on industry locations patterns in a small open economy with two regions … is linked with firm-level innovation through an import competition effect that is increasing in the market share of … imported goods and the productivity differential of domestic firms with the rest of the world. We show that increased import …
Persistent link: https://www.econbiz.de/10012113952
In France, firms with 50 employees or more face substantially more regulation than firms with less than 50. As a result, the size distribution of firms is visibly distorted: there are many firms with exactly 49 employees. We model the regulation as the combination of a sunk cost that must be...
Persistent link: https://www.econbiz.de/10010196279
In France, firms that have 50 employees or more face substantially more regulation than firms that have less than 50. As a result, the size distribution of firms is visibly distorted: there are many firms with exactly 49 employees. We model the regulation as the combination of a sunk cost that...
Persistent link: https://www.econbiz.de/10011757262