Kilumelume, Michael; Morando, Bruno; Newman, Carol; … - 2021
misallocation, leading to aggregate productivity losses of 5-10 per cent. In particular, tariffs are strongly related to distortions … that are correlated with firm productivity. The main channel through which tariffs distort the allocation of capital is …An often-neglected potential negative consequence of tariffs is the impact they may have on the misallocation of factor …