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The models of Lucas (1993), Krugman (1987), Stokey (1988, 1991) and Young (1991) predict that productivity growth is associated with the production of increasingly sophisticated products, and that high-end goods should exhibit more productivity growth than low-end goods. This paper investigates...
Persistent link: https://www.econbiz.de/10011608409
This paper explores the combined effects of reductions in trade frictions, tariffs, and firing costs on firm dynamics, job turnover, and wage distributions. It uses establishment-level data from Colombia to estimate an open economy dynamic model that links trade to job flows in a new way. The...
Persistent link: https://www.econbiz.de/10010329109