We develop a theory of a firm in an environment with incomplete contracts. The firm's headquarter decides on the …

We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and …

Standard new trade models depict producers as heterogeneous in total factor productivity. In this paper, I adapt the … in value-added productivity. In equilibrium, this yields a positive relationship between the international trade …

. The combination of these ingredients creates a link between domestic measured productivity and foreign shocks through … trade linkages, generating a disconnect between technology and measured productivity. Finally, we provide empirical evidence …

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … Great Divergence, the failure of less developed countries to attract capital from abroad, and a productivity slowdown in … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … Great Divergence, the failure of less developed countries to attract capital from abroad, and a productivity slowdown in … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …

This research explores the effects of within-group heterogeneity on group-level productivity. It establishes that … detrimental effects of diversity on productivity. Moreover, the study demonstrates that variations in within- ethnic-group genetic …

This paper proposes a theory for the evolution of knowledge diffusion and growth over the very long run. A feedback … mechanism between capital accumulation and knowledge spillovers creates a unified growth theory that explains a long epoch of … explain the Great Divergence, the failure of less developed countries to attract capital from abroad, the productivity …

In this paper we examine the impact of non-trading firms on labour productivity and its persistence in response to … heterogeneous firms. We quantify the effects of various macroeconomic shocks on labour productivity and we demonstrate that non …-trading domestic firms' entry and exit into the domestic market explains the persistence of labour productivity in response to …

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … Great Divergence, the failure of less developed countries to attract capital from abroad, and a productivity slowdown in … fully developed countries. An extension towards a two-region world economy shows robustness of the gradual take-off and …