policy outcomes. Surprisingly, past studies have found mixed evidence that various labor market and industry attributes of …

in sales as they are anticipated by the industry. Third, it allows for a more general structure of adjustment costs, and …

There is considerable evidence that producer-level churning contributes substantially to aggregate (industry … fact that producer-level prices are typically unobserved; thus within-industry price differences are embodied in …

We build a quantitative model of trade with multistage manufacturing value chains, which features iceberg trade costs … and technology differences across both goods and production stages. We estimate technology and trade costs via the …

Over the course of the nineteenth century manufacturing in the United States shifted from artisan shop to factory … building of extensive railroad network. Using a newly created data set of manufacturing establishments linked to county level … data on rail access from 1850-70, we ask whether the coming of the railroad increased establishment size in manufacturing …

1827. These estimates are used to assess the vulnerability of the antebellum iron industry to foreign competition and the … role of the tariff in fostering the industry's early development. Domestic pig iron production is found to be highly …

Using data over more than a century, we show that shifts in the location of manufacturing industries are a domestic … over the 20th century. The analysis also suggests that the resilience of local labor markets to manufacturing shocks … depends on local industries' phase in the product cycle, on local education levels, and on local manufacturing wages. The risk …

costs are explicitly specified. The model is estimated for the manufacturing sector of the three countries using annual data …

.S. comparative advantage to takeovers is also negative, but never significant. High U.S. stock prices, industry profitability, and … industry growth discourage takeovers. High U.S interest rates and high investing country growth and currency values encourage …