This paper studies the impact of corruption on inward foreign direct investment using a unique firm-level data set. It examines two effects of corruption simultaneously: a reduction in the volume of foreign investment and a shift in the ownership structure. Corruption makes local bureaucracy...

Many countries aim to attract foreign direct investment (FDI) by offering ever more generous incentive packages and justifying their actions with the expected knowledge externalities to be generated by foreign affiliates. Despite being hugely important to public policy, there is little...

China’s recent growth of trade and income is routinely characterized as staggering and the like. We zoom in on Shanghai to see which part is hyperbole and which is not taking the long view. The city is ideal for this‐‐Shanghai held more than half of China’s foreign trade in 1850 and is...

This thesis empirically investigates the effects of agency problemson endogenous managerial effort, firm performance, corporatestructure and industry-wide productivity.In the second chapter, I develop an industrial evolution model withendogenous managerial effort and endogenous organizational...

This paper develops and estimates a structural model of production and inventory behavior for manufacturing plants in two Colombian industries, metal products and plastic product, from 1977 to 1991. Plant level decisions on production, inventories, sales, entry, and exit are developed using an...

This thesis consists of three chapters on dynamic oligopoly models. In the first chapter, I emphasize the importance of strategicbehavior by entrants. I provide a model of endogenous entry in which potential entrants can influence their product quality in the entrystage by varying the level of...

In this thesis, I empirically investigate the selection process and the evolution of an industry in response to aggregate shocks.In the first essay (Chapter 2), I develop a new way to quantify the effects of import competition on intra-industry patterns of job creation and destruction and...

This dissertation develops dynamic stochastic models of heterogeneous firms in small open economies and uses them to analyze how firms' decisions are shaped by their participation in export markets and to understand the implications that these decisions have for firm-level volatility and the...

Increases in wages and the appreciation of the New Taiwanese dollar since the mid-1980s have significantly altered the environment in which firms operate and survive. In particular, as more countries have liberalized their trade and foreign investment policies, Taiwanese firms have been...

We observe a very distinct pattern of entry and exit in the oil industry. Significant numbers of well openings and closings are only observed during periods of very high oil prices and very low oil prices, respectively. A band of inaction lies between the high entry and the low exit price....