Why do living standards differ so much across countries? A consensus in the development
literature is that differences in productivity are a dominant source of these differences. But …

We present a framework that can be used to assess the equilibrium impact of regulation on
endogenous innovation with heterogeneous firms. We implement this model using French …

Why has an economy that has done so many things right failed to grow fast? Under-
Rewarded Efforts traces Mexico's disappointing growth to flawed microeconomic policies …

This paper surveys and synthesizes fast‐growing literature on the measurement and
determinants of multi‐factor productivity (MFP). We identify three strands of the literature to …

A new dataset for the average employment size of establishments across sectors and
countries is constructed from hundreds of sources. Establishments are larger in …

Based on the idea of a “Community of Human Destiny,” the Chinese government proposed
the “Belt and Road” initiative, and clearly proposed to promote green development and …

We analyze the effect of a labor market reform on firms' product innovation. The reform,
which amounts to a natural experiment, differentially reduced firing costs for some firms …

What accounts for income per capita and total factor productivity (TFP) differences across
countries? We study resource misallocation across heterogeneous production units in a …

We study how factors that hinder the reallocation of inputs across firms influence aggregate
productivity growth. We extend Hopenhayn and Rogerson's (1993) firm-dynamics model to …

Abstract The Hopenhayn and Rogerson (1993) framework is extended to understand how
different forms of taxing capital income affect firms' investment and financial policies over …