This paper investigates the impact of oil price innovations on job creation and job destruction in U.S. manufacturing. We estimate a simultaneous equation model that nests symmetric and asymmetric responses of job flows to oil price shocks. We first explore whether the responses of job creation...

Using a rich dataset of Chinese firms, we investigate the effect of industrial policies on resource misallocation. Our difference-in-difference model estimates provide evidence that government policies increased the dispersion of revenue productivity across firms in four-digit industries...

On average, Latin American firms are small with respect to world patterns, both in terms of the quantity of assets they control and the amount of employment they generate. We examine data on firm size from developed and developing countries around the world to assess the influence on demand,...