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Tracking business dynamism during the Covid-19 pandemic: new cross-country evidence and visualisation tool

Stefano Agresti, Flavio Calvino, Chiara Criscuolo, Francesco Manaresi and Rudy Verlhac employ a new data visualisation tool to reveal the impact on business dynamism of the Covid-19 crisis in 2020 and in recovery. Findin...Read more...

CEE/Education and skills discussion paper

To Leave or Not to Leave? A Regression Discontinuity Analysis of the Impact of Failing High School Exit Exam

The high school exit exam (HSEE) is rapidly becoming a standardized assessment procedure for educational accountability in the United States. I use a unique state-specific dataset to identify the effect of failing the HS...Read more...

CEP discussion paper

To Leave or Not to Leave? A Regression Discontinuity Analysis of the Impact of Failing the High School Exit Exam

The high school exit exam (HSEE) is rapidly becoming a standardized assessment procedure for educational accountability in the United States. I use a unique state-specific dataset to identify the effect of failing the HS...Read more...

CEP discussion paper

The Margins of US Trade

Recent research in international trade emphasizes the importance of firms’ extensive margins for understanding overall patterns of trade as well as how firms respond to specific events such as trade liberalization. In th...Read more...

SERC/Urban and Spatial Programme Discussion Paper

Re-Investment and the Survival of Foreign-Owned Plants

Foreign-owned plants have higher conditional exit rates, but this paper tests the hypothesis that re-investment 'embeds' these plants, leading to significantly longer survival time durations. A unique dataset is used for...Read more...

CEP discussion paper

Multi-Product Firms and Product Switching

This paper examines the frequency, pervasiveness and determinants of product switching among U.S. manufacturing firms. We find that two-thirds of firms alter their mix of five-digit SIC products every five years, that on...Read more...

CEP discussion paper

Minimum Wages and Firm Profitability

Although there is a large literature on the economic effects of minimum wages on labour market outcomes (especially employment), there is hardly any evidence on their impact on firm performance. This is surprising: minim...Read more...

CEP discussion paper

Comparative Advantage and Heterogeneous Firms

This paper presents a model of international trade that features heterogeneous firms, relative endowment differences across countries, and consumer taste for variety. The paper demonstrates that firm reactions to trade l...Read more...

CEP discussion paper

Product Choice and Product Switching

This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change...Read more...

CEP discussion paper

Falling Trade Costs, Heterogeneous Firms and Industry Dynamics

This paper examines the response of industries and firms to changes in trade costs. Several new firm-level models of international trade with heterogeneous firms predict that industry productivity will rise as trade cost...Read more...