Gross domestic product (GDP) per adult in Canada fluctuated between 70% and 90% of that of the United States between 1960 and 2020. Behind this gap lie large, systematic differences in relative incomes across the Canadian and US income distributions. There are small differences in average...

Leveraging the sharp changes in environmental regulation embedded in China's 11th Five-Year Plan (FYP), which covered the period from 2006 to 2010, we characterize the degree to which the plan softens trade-offs between emissions and output. We document that the 11th FYP is associated with...

We examine the relationship between firms' performance and credit constraints affecting export market entry. The existing research assumes that variation in firms' financial conditions identifies credit constraints. A critical assumption is that financial conditions do not affect real outcomes...

Leveraging the sharp changes in environmental regulation embedded in China's 11th Five-Year Plan (FYP), which covered the period from 2006 to 2010, we characterize the degree to which the plan softens trade-offs between emissions and output. We document that the 11th FYP is associated with...

Gross domestic product (GDP) per adult in Canada fluctuated between 70% and 90% of that of the United States between 1960 and 2020. Behind this gap lie large, systematic differences in relative incomes across the Canadian and US income distributions. There are small differences in average...

We examine the relationship between firms' performance and credit constraints affecting export market entry. The existing research assumes that variation in firms' financial conditions identifies credit constraints. A critical assumption is that financial conditions do not affect real outcomes...