Purpose – The purpose of this paper is two‐fold: first, the degree to which career adaptability, career optimism, and career knowledge predict career decisiveness in China, Germany, and the US is to be examined; second, the effect of the five personality traits on the determinants of career...

We construct a model of firm dynamics with heterogeneous productivity and distortions. The productivity distribution evolves endogenously as the result of the decisions of firms seeking to upgrade their productivity over time. Firms can adopt two strategies toward that end: imitation and...

We construct an endogenous growth model with random interactions where firms are subject to distortions. The TFP distribution evolves endogenously as firms seek to upgrade their technology over time either by innovating or by imitating other firms. We use the model to quantify the effects of...