In a seminal paper, Helpman et al. (2008) demonstrate that accounting for self-selection and firm heterogeneity is crucial for obtaining unbiased estimates in the gravity equation. In this paper, we show how this insight helps solve the trade elasticity puzzle that, hitherto, trade elasticity...

According to the prior literature, family executives of family-controlled firms receive lower compensation than non-family executives. One of the key driving forces behind this is the existence of family members who are not involved in management, but own significant fraction of shares and...

In this paper, we study the effectiveness of the first large-scale unilateral trade concessions as foreign aid for disaster relief, i.e., EU tariff waivers on goods heavily exported by Pakistan, which was severely hit by the 2010 floods. Using a triple-difference approach and a synthetic control...