Research

Under Review

The Economic Ripple Effects of Covid-19, with Francisco Buera, Hugo Hopenhayn, Andy Neumeyer, and Yongseok Shin, Revise and Resubmit Review of Economic Studies

[NBER version]

The Dynamics of Development: Innovation and Reallocation, with Francisco Buera, conditionally accepted AEJ: Macroeconomics

[printable version]

Publications

Entry Barriers, Idiosyncratic Distortions, and the Firm-Size Distribution,  AEJ: Macroeconomics  vol. 14, No 2,  April 2022

[printable version] [published article] 

Size-Dependent Tax Enforcement and Compliance: Global Evidence and Aggregate Implications, with Pierre Bachas and Anders Jensen,  Journal of Development Economics , vol. 140, September 2019 

[published version]

Taxing the Good? Distortions, Productivity, and Misallocation in Sub-Saharan Africa, with Xavier Cirera and Hibret Maemir, World Bank Economic Review, August 2019

[published version]

Entry and Exit, Multi-Product Firms, and Allocative Distortions  AEJ: Macroeconomics Vol 10 No. 2, April 2018 

[printable version]

The Anatomy of a Credit Crunch: from Capital to Labor Markets, with Francisco Buera and Yongseok Shin, Review of Economic Dynamics, January 2015

[printable version]

Entry, Trade Costs and International Business Cycles with Jose Ignacio Lopez,  Journal of International Economics 94 (2014), 224-238

 [printable version] [online appendix]


Working Papers

On the Welfare Costs of Premature Deindustrialization, November 2022

[printable version]

Deconstructing the Missing Middle: Informality and Growth of Firms in Sub-Saharan Africa, with Kaleb Abreha, Xavier Cirera, Elwyn Davies, and Hibret Maemir, September 2022

[printable version]

The Missing Middle in a Broad Cross-Section of Indian Establishments, with Francisco Buera, Reiko Laski, and Nicholas Tracther

Constrained-Efficiency and the Welfare Effects of Misallocation with Hugo Hopenhayn, November 2019

 [printable version]