Front Matter
  • 1 https://isni.org/isni/0000000404811396, International Monetary Fund
  • | 2 https://isni.org/isni/0000000404811396, International Monetary Fund
  • | 3 https://isni.org/isni/0000000404811396, International Monetary Fund
  • | 4 https://isni.org/isni/0000000404811396, International Monetary Fund

Front Matter Page

Research Department

Contents

  • 1 Introduction

  • 2 Theoretical Framework

  • 3 Data

  • 4 Trade and Aggregate Productivity: OLS Correlation

  • 5 Impact of Trade on Aggregate Productivity: IV Causation

  • 6 How Trade Affects Productivity: Mechanisms

  • 7 Conclusion

  • Trade, Productivity and (Mis)allocation: Appendix

  • Reference

  • Figures

    • Figure 1. Numerical Simulation: Welfare and Measured Aggregate Productivity

    • Figure 2. Numerical Simulation: Trade Liberalization

    • Figure 3. Sources of Productivity Growth

    • Figure 4. Trade Exposure Over Time

    • Figure 5. Trade Exposure and Aggregate Productivity

    • Figure 1: Equilibrium export cutoff and wage (β= 1)

  • Tables

    • Table 1. Numerical Simulation: Gains from Trade

    • Table 2. Summary Statistics

    • Table 3. Trade and Aggregate Performance: OLS Correlation

    • Table 4. Instrumenting Export Demand and Import Competition: IV First Stage

    • Table 5. Impact of Trade on Aggregate Productivity: IV Second Stage

    • Table 6. Additional Results

    • Table 7. Mechanisms: Selection and Innovation

    • Table 8. Mechanisms: Imperfect Institutions and Market Frictions

  • Appendix Tables

    • Appendix Table 1. Summary Statistics

    • Appendix Table 2. Trade and Aggregate Productivity: OLS First Differences

    • Appendix Table 3. Sensitivity Analysis

    • Appendix Table 4. Imperfect Institutions and Market Frictions: Extensions

    • Appendix Table 5. Trade and MRPK, MRPL, TFPR, Markup Dispersion

Trade, Productivity and (Mis)allocation
Author: Antoine Berthou, John Jong-Hyun Chung, Kalina Manova, and Charlotte Sandoz