that are correlated with firm productivity. The main channel through which tariffs distort the allocation of capital is … inputs. Trade protection can provide space for domestic firms to increase prices and mark-ups, allowing low-productivity … firms to survive, thereby leading to a sub-optimal allocation of resources. This paper explores the impact of tariffs on the …

productivity by as much as 6%, suggesting large "productivity costs" of business cycles. …

misallocation in agriculture during the period between 2006 and 2016. Despite rapid growth in agricultural productivity and a … productivity over time. Our analysis also reveals important differences between the north and south regions. …

in the effect and size of productivity shocks explain most of the gap in misallocation between manufacturing and services …, while the remainder is explained by differences in firm productivity and age distribution. We interpret these results as …