Journal ArticleJournal of Political Economy · January 1, 2024
We document strong skill matching in Turkish firms’ production networks. Additionally, in the data, export demand shocks from rich countries increase firms’ skill intensity and their trade with skill-intensive domestic partners. We explain these patterns u ...
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Journal ArticleJournal of Political Economy · July 1, 2023
We study the welfare costs of markups in a dynamic model with hetero- geneous firms and endogenous markups. We provide aggregation re- sults summarizing the macro implications of micro-level markup het- erogeneity. We calibrate our model to US Census of Ma ...
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Journal ArticleReview of Economic Studies · March 1, 2023
We incorporate the lumpy nature of firm-level investment into the study of how tax policy affects investment behaviour. We show that tax policies can directly impact the lumpiness of investment. Extensive-margin responses to tax policy are key to understan ...
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Journal Article · January 1, 2021
This paper documents facts about the structure of business taxation in China using administrative tax data from 2007 to 2011 from the State Taxation Administration.We first document the importance of different business taxes across industries. Although cor ...
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Journal ArticleManagement Science · October 1, 2019
We study the contagious switching behavior related to a consumer’s choice of wireless carriers, that is, that a consumer is more likely to switch wireless carriers if more of their contacts from the same carrier have switched. Contagious switching (or a po ...
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Journal ArticleReview of Economic Studies · October 1, 2018
In this article, we use micro data on both trade and production for a sample of large Chinese manufacturing firms in the footwear industry from 2002 to 2006 to estimate an empirical model of export demand, pricing, and market participation by destination m ...
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Journal ArticleAmerican Economic Review · January 1, 2018
A quantitative model brings together theories linking international trade to quality, technology, and demand for skills. Standard effects of trade on importers and exporters are magnifed through domestic input linkages. We estimate the model with data from ...
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Scholarly Edition · 2016
We develop a dynamic model of the many-to-many matching processes through which international business relationships are formed. Our formulation characterizes exporters' and importers' search efforts as functions of their type, their current portfolio of b ...
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Journal ArticleAmerican Economic Review · October 1, 2015
We study the procompetitive gains from international trade in a quantitative model with endogenously variable markups. We find that trade can significantly reduce markup distortions if two conditions are satisfied: (i ) there is extensive misallocation, an ...
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Journal ArticleAmerican Economic Review · February 1, 2014
We use producer-level data to evaluate the role of financial frictions in determining total factor productivity (TFP). We study a model of establishment dynamics in which financial frictions reduce TFP through two channels. First, finance frictions distort ...
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Journal ArticleRAND Journal of Economics · September 1, 2013
This article estimates a dynamic, structural model of entry and exit for two US service industries: dentists and chiropractors. Entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competit ...
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Journal ArticleAmerican Economic Review · June 1, 2011
This paper estimates a dynamic structural model of a producer's decision to invest in R&D and export, allowing both choices to endogenously affect the future path of productivity. Using plant-level data for the Taiwanese electronics industry, both activiti ...
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Journal ArticleWorld Bank Economic Review · January 1, 2011
Successful exporting countries are often seen as successful economies. This paper studies the role of new exporting entrepreneurs-defined as firms that became exporters-in determining export growth in a fast growing and export oriented middleincome country ...
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Journal ArticleReview of Economic Dynamics · October 1, 2008
Government policies that impose restrictions on the size of large establishments or firms, or promote small ones, are widespread across countries. In this paper, we develop a framework to systematically study policies of this class. We study a simple growt ...
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Journal ArticleJapan and the World Economy · August 1, 2006
We develop a simple framework to address government policies that restrict the size of establishments in a particular sector. The economy we study is a two-sector extension of the span-of-control model of Lucas [Lucas, R.E., 1978. On the size distribution ...
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Journal Article
We analyze the effects of a large fiscal incentive for R&D investment in China that awards a lower average corporate income tax rate to qualifying firms. The sharp incentives of the program generate notches, or jumps, in firm values, and vary over time and ...
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