Data and Code for: Capital-Reallocation Frictions and Trade Shocks

Principal Investigator(s):  View help for Principal Investigator(s) Andrea Lanteri, Duke University; Pamela Medina, University of Toronto; Eugene Tan, University of Toronto

Version:  View help for Version V1

Name File Type Size Last Modified
  replication 06/22/2022 08:51:AM

Project Citation: 

Lanteri, Andrea, Medina, Pamela, and Tan, Eugene. Data and Code for: Capital-Reallocation Frictions and Trade Shocks. Nashville, TN: American Economic Association [publisher], 2023. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-03-27. https://doi.org/10.3886/E166585V1

Project Description

Summary:  View help for Summary What are the short-term effects of an import-competition shock on capital reallocation and aggregate productivity? To address this question, we develop a quantitative model with heterogeneous firms and capital-reallocation frictions. We discipline the model with micro data on investment dynamics of Peruvian manufacturing firms and trade flows between China and Peru. Because of large frictions in firm downsizing and exit, an import-competition shock induces a temporary aggregate-productivity loss and larger dispersion in marginal products, due to investment inaction and exit of some productive firms. Empirical evidence on the effects of trade shocks on capital reallocation supports the model mechanism.
Funding Sources:  View help for Funding Sources CAF - Development Bank of Latin America

Scope of Project

Subject Terms:  View help for Subject Terms capital reallocation; trade shocks
JEL Classification:  View help for JEL Classification
      E22 Investment; Capital; Intangible Capital; Capacity
      F10 Trade: General
Geographic Coverage:  View help for Geographic Coverage Peru
Time Period(s):  View help for Time Period(s) 2000 – 2013
Universe:  View help for Universe Peruvian manufacturing firms
Data Type(s):  View help for Data Type(s) administrative records data; survey data


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V1 [2023-03-27]

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