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