Trade, Productivity and (Mis)allocation

Nopic
We examine the gains from globalization in the presence of firm heterogeneity and potential resource misallocation. We show theoretically that without distortions, bilateral and export liberalizations increase aggregate welfare and productivity, while import liberalization has ambiguous effects. Resource misallocation can either amplify, dampen... READ MORE...

Publication date: August 2020
ISBN 9781513554440
$18.00

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