factor cost, we construct a new framework of productivity decomposition, and for the first time derive a “pure” reallocation …

heterogeneity and the probability of adopting offshoring. The results of the paper suggest that firm productivity may not be an …

productivity; and larger firms are more likely to use imported inputs. As a result, we find that firm-level import decisions … explain a non-trivial fraction of aggregate productivity fluctuations in Korea over the period between 2006 and 2012. Main … findings of this paper suggest a possible link between the recent global productivity slowdown and the global trade slowdown …