This paper explores the combined effects of reductions in trade frictions, tariffs, and firing costs on firm dynamics … model that links trade to job flows in a new way. The fitted model captures key features of Colombian firm dynamics and … to the effects of globalization on labor markets in Latin America and elsewhere. …

This Paper builds a multi-country, multi-sector general equilibrium model that explains the decision of heterogeneous … firms to serve foreign markets either through exports or local subsidiary sales (FDI). These modes of market access involve … different relative costs, some of which are sunk while others vary with sales volume (such as transport costs and tariffs …

This paper is a reflective survey of past and recent econometric work on the growth of firms. Most of this work …, not least because it is basically inconsistent with most theories of the growth of firms which have be developed over the … essay identified how and why these theories of growth seem to be inconsistent with the data. …

. Our findings suggest that orthogonal growth is a consequence of reaching a steady state population distribution, rather … than an explanation of that distribution. A simple one-sector model, with entry of new locations, a growth friction, and …This paper studies the long run development of U.S. counties and metro areas from 1800 to 2000. In earlier periods …

Firm turnover and growth recorded in administrative data sets differ from underlying firm dynamics. By tracing the … employment history of the workforce of new and disappearing administrative firm identifiers, we can accurately identify de novo … entrants and true economic exits, even when firms change identifier, merge, or split-up. For a well-defined group of new firms …

, both in gross and net terms. The differential growth rate of employment between large and small firms varies by about 5 … out and size does not predict subsequent growth (Gibrat's law). We employ a variety of measures of relative employment … conditions. Larger employers shed proportionally more jobs in recessions and create more of their new jobs late in expansions …

municipality data for Brazil from 1970-2000. We show that the two central stylized features of population growth for cities … patterns lies in different employment growth dynamics in the agricultural and non-agricultural sectors and the process of …. Population growth exhibits a U-shaped relationship with initial population density, and only becomes uncorrelated with initial …

some form of conditional convergence is observed. A Gibrat process best describes the growth of very large and mature firms …; but smaller and younger firms depart from this prediction. While we can identify significant correlates of growth such as … firm size, age or the internal organization of the firm, most of the variation in corporate growth remains unpredictable. …

suggest that some degree of mean reversion exists, but may exaggerate the apparent randomness of corporate growth. We argue … that a more natural way to explore the long-run distribution of firm sizes is to examine data on the growth of particular …Cross-section or short-panel econometric techniques typically used to examine Gibrat’s Law of Proportionate Effect …

expected growth rate of a firm and its size may provide a micro foundation for the well-known high degree of persistence of … in growth thereby leading to a reallocation of firms across size categories. If small firms grow faster than big ones …, the impact effect of the shock on aggregate output is gradually absorbed. But, as fast growing small firms become big and …