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This paper examines the role of relationship skills in determining life cycle outcomes in education, labor and marriage markets. We posit a two-factor model with human capital and "relationship" or "partnering" skill. Relationship skill is understood in our framework as the ability to maintain...
Persistent link: https://www.econbiz.de/10011081900
As recently shown by Hsieh and Klenow (2012), firm dynamics differ substantially across countries. While firms in the US experience substantial growth during their life-cycle, firms in developing countries, especially in India, barely expand. We present a tractable microfounded endogenous growth...
Persistent link: https://www.econbiz.de/10011160672
Trade in intermediate inputs raises firm productivity as it enables producers to access both better and novel inputs of production. The question is: by how much? This paper develops a framework to answer this question. We explicitly allow for (i) firms sourcing from multiple countries, (ii)...
Persistent link: https://www.econbiz.de/10011170285