To reserve a time to meet with the speaker, please enter your name into the following form:
docs.google.com/spreadsheets/d/18hEanfalynfbTk0×7tTDaK1DC5jL6f9dX1MfrugX_VM/edit#gid=0

Abstract:
We explore the consequences of international trade in an economy that encompasses technology choice and an endogenous distribution of mark-ups due to credit market frictions. We show that in such an environment a gradual opening of trade may .but not necessarily must .have a negative impact on productivity and overall output. The reason is that the pro-competitive effects of trade reduce mark-ups and hence make access to credit more difficult for smaller firms. As a result, smaller firms while not driven out of the market may be forced to switch to less productive technologies.