Recommended readings (Machine generated): 1. Piyabha Kongsamut, Sergio Rebelo and Danyang Xie (2001), 'Beyond Balanced Growth', Review of Economic Studies, 68 (4), October, 869-82 -- 2. Reto Foellmi and Josef Zweimüller (2008), 'Structural Change, Engle's Consumption Cycles and Kaldor's Facts...

Global value chains (GVC) are a pervasive feature of modern production, but they are hard to measure. Using confidential microdata from the U.S. Census Bureau, we develop novel measures of the linkages between U.S. manufacturing establishments' imports and exports. We document three new GVC...

We study the role of multinationals (MNCs) in facilitating firm-level and aggregate structural transformation. Using a stylized model of multinational production and trade, we show that an inward multinational liberalization in the manufacturing sector raises employment in host country firms,...