New developments in the world economy have triggered research designed to better
understand the changes in trade and investment patterns, and the reorganization of …

This paper reviews recent studies on the links between competition, innovation and
productivity growth in the long run. From a long-run perspective, one can see that gains from …

A rapidly expanding literature on firm heterogeneity and firm level globalisation strategies
has developed over the last decade. There are new insights on why some firms export and …

This paper analyses the impact of foreign direct investment (FDI) on the development of
local firms. We focus on two likely effects of FDI: A competition effect which deters entry of …

A large empirical literature suggests the performance characteristics of firms that export are
different from firms that do not. Specifically, exporters tend to be larger, more productive and …

This paper surveys recent empirical studies exploring aggregate productivity growth based
on firm dynamics, focusing on micro-data from OECD countries. Aggregate productivity …

This paper sets out a basic heterogeneous-firms trade model that is closely akin to Melitz
(2003). The positive and normative properties of the model are studied in a manner intended …

Recent trade models with heterogeneous firms have changed the interpretation of gravity
equations. Chaney (2008) shows that the effect of distance on the number of exporters and …

This paper investigates interactions between exporting and productivity at the firm level,
using a panel of firms in the UK chemical industry. This is both highly technology intensive …

The absence of a general equilibrium model of oligopolistic competition unintentionally
paved the way for the success of the constant elasticity of substitution (CES) model of …