area treat firms as simple black-box production functions. Less work has been done to understand how different firms …

This paper examines how devaluations affect the relative costs of labor and capital and therefore influence production …, profitability, investment, and stock returns for firms in the 'crisis' country as well as competitors in the rest of the world … capital investment and stock returns (and therefore expected long-run output and profits) is determined by capital …

production of an excess number of defective tires. Using several independent data sources we find that labor strife in the … production of defective tires was particularly high around the time wage concessions were demanded by Firestone in early 1994 and …

costs of foreign investment are large. Second, I calibrate the model to data on trade and multinational production for … of multinational firms' location and production decisions and the welfare implications of multinational production. The … associated with foreign investment. I develop a quantifiable multi-country general equilibrium model, which tractably handles …

investment and actively lobby and donate to politicians. These results continue to hold after controlling for news about the mean …