We study a flexible class of trade models with international production networks and
arbitrary wedge‐like distortions like markups, tariffs, or nominal rigidities. We characterize …

The ratio of revenue to inputs differs greatly across plants within countries such as the US
and India. Such gaps may reflect misallocation which lowers aggregate productivity. But …

This article studies the role of political distortions in driving economic growth and
development in Africa. We first discuss how existing theories based on long-run structural …

This paper reviews recent studies on the impact of financial frictions on international trade.
We first present evidence on the relation between measures of access to external finance …

We study the causal effect of firms' lobbying activities on the misallocation of resources
through the distortion of firm size. To address the endogeneity between firms' lobbying …

This chapter develops a framework with which to interpret and survey answers to the
question: how does increased openness affect aggregate welfare in a typical developing …

We examine impacts of market integration on the development of American manufacturing,
as railroads expanded through the latter half of the 19th century. Using new county-by …

We analyze the U-shaped effect of economic development, indicated by GDP per capita, on
income inequality. Using extensive data from European Union (EU) countries, we find that at …

The role of digital technology in structural change of three major industries has been widely
recognized, but its influence on the internal cleanliness change of the industry has not been …

This paper studies the impact of trade liberalization on the heterogeneity of labor market
power among manufacturing firms, which is a potential source of misallocation. The model …