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A growing literature has documented that firm dynamics exhibit substantial differences in developed and developing countries. While there is a massive turnover of firms in developed countries, such a selection mechanism is largely absent in developing countries. Understanding the determinants of firm growth, factor reallocation, and firm-level productivity, as well as the link between firm and industry dynamics is key to shed light on performances of aggregate economies. This conference had prominent researchers present their recent work on the subject and foster a conversation among scholars that use different approaches to understand firm and industry dynamics and their aggregate implications.

Quadrangle Club, Second Floor Library
1155 East 57th Street, Chicago


Thursday, April 21, 2016
Costly Labor Adjustment: General Equilibrium Effects of China's Employment Regulations
Russell Cooper, Pennsylvania State University
Discussant: Jeff Campbell
Productivity and Organization in Portuguese Firms
Esteban Rossi-Hansberg, Theodore A. Wells '29 Professor of Economics and International Affairs, Princeton University
Discussant: Ananth Seshadri
Investment and The Cross–Section of Equity Returns
Gian Luca Clementi, New York University Stern School of Business
Discussant: Felipe Saffie
On the Measure of Distortions
Hugo Hopenhayn, University of California, Los Angeles
Discussant: Richard Rogerson
Friday, April 22, 2016
Interfirm Relationships and Business Performance
Jing Cai, University of Michigan
Discussant: Samuel Kortum
Changing Business Dynamism: Volatility of Shocks vs. Responsiveness to Shocks?
John Haltiwanger, University of Maryland
Discussant: Ben Jones
Reputation Cycles
Boyan Jovanovic, New York University
Dimitris Papanikolaou, Assistant Professor of Finance, Northwestern University