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Manuel Garcia-Santana

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Julian di Giovanni & Manuel García-Santana & Priit Jeenas & Enrique Moral-Benito & Josep Pijoan-Mas, 2022. "Buy Big or Buy Small? Procurement Policies, Firms' Financing, and the Macroeconomy," Staff Reports 1006, Federal Reserve Bank of New York.

    Cited by:

    1. Bernard Hoekman & Marco Sanfilippo & Filippo Santi, 2022. "Government Demand and Domestic Firms Growth: Evidence from Uganda," RSCAS Working Papers 2022/54, European University Institute.
    2. Bessonova, Evguenia, 2023. "Firms’ efficiency, exits and government procurement contracts," European Journal of Political Economy, Elsevier, vol. 76(C).
    3. Matilde Cappelletti & Leonardo M. Giuffrida & Gabriele Rovigatti, 2022. "Procuring Survival," CESifo Working Paper Series 10124, CESifo.
    4. Francesco Amodeo & Edoardo Briganti, 2025. "High-Frequency Cross-Sectional Identification of Military News Shocks," Staff Working Papers 25-27, Bank of Canada.
    5. Mensah, Justice Tei & Wankuru, Peter Chacha & Kirui, Benard K., 2025. "Public Procurement and Firms : Evidence from Kenya," Policy Research Working Paper Series 11227, The World Bank.
    6. Utrero-González, Natalia, 2026. "Government, defence-specific products, and suppliers' financial decisions. Evidence from Spain," Finance Research Letters, Elsevier, vol. 102(C).

  2. Manuel García-Santana & Josep Pijoan-Mas & Lucciano Villacorta, 2019. "Investment Demand and Structural Change," Working Papers 1113, Barcelona School of Economics.

    Cited by:

    1. Federico Huneeus & Richard Rogerson, 2020. "Heterogeneous Paths of Industrialization," Working Papers 2020-23, Princeton University. Economics Department..
    2. Sen, A., 2024. "Structural Change at a Disaggregated Level: Sectoral Heterogeneity Matters," Cambridge Working Papers in Economics 2415, Faculty of Economics, University of Cambridge.
    3. Maria Aristizabal-Ramirez & John V. Leahy & Linda L. Tesar, 2022. "A North-South Model of Structural Change and Growth," Working Papers 685, Research Seminar in International Economics, University of Michigan.
    4. Pol Antràs, 2020. "De-Globalisation? Global Value Chains in the Post-COVID-19 Age," NBER Working Papers 28115, National Bureau of Economic Research, Inc.
    5. Arsham Reisinezhad, 2018. "Economic Growth and Income Inequality in Resource Countries: Theory and Evidence," PSE Working Papers halshs-01707976, HAL.
    6. Chen, Qifei & Wang, Meng, 2022. "Opening of high-speed rail and the consumer service industry: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 31-45.
    7. Leon-Ledesma, Miguel & Moro, Alessio, 2017. "The rise of services and balanced growth in theory and data," LSE Research Online Documents on Economics 86161, London School of Economics and Political Science, LSE Library.
    8. Casey, Gregory & Fried, Stephie & Gibson, Matthew, 2024. "Understanding climate damages: Consumption versus investment," European Economic Review, Elsevier, vol. 167(C).
    9. Berthold Herrendorf & Richard Rogerson & Ákos Valentinyi, 2018. "Structural Change in Investment and Consumption: A Unified Approach," NBER Working Papers 24568, National Bureau of Economic Research, Inc.
    10. Lee, Sang Min, 2026. "Globalization and structural transformation: The role of tradable services," Journal of International Economics, Elsevier, vol. 160(C).
    11. Andrew Foerster & Andreas Hornstein & Pierre-Daniel G. Sarte & Mark W. Watson, 2025. "The Past and Future of U.S. Structural Change: Compositional Accounting and Forecasting," Working Paper 25-08, Federal Reserve Bank of Richmond.
    12. Sen, Ali, 2020. "Structural change within the services sector, Baumol's cost disease, and cross-country productivity differences," MPRA Paper 99614, University Library of Munich, Germany.
    13. Liao, Hua & Peng, Ying & Wang, Fang-Zhi & Zhang, Tong, 2022. "Understanding energy use growth: The role of investment-GDP ratio," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 15-24.
    14. Miguel Angel Casau & Daniel Herrero, 2024. "Deindustrialization paths and growth models: Germany and Spain in comparative perspective," LEM Papers Series 2024/06, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    15. Alder, Simon & Boppart, Timo & Müller, Andreas, 2019. "A theory of structural change that can fit the data," CEPR Discussion Papers 13469, Centre for Economic Policy Research.
    16. Somlanare Romuald Kinda & Relwendé Sawadogo, 2023. "Does financial development really spur industrialization in sub‐Saharan African countries?," African Development Review, African Development Bank, vol. 35(4), pages 390-402, December.
    17. Sáenz, Luis Felipe, 2022. "Time-varying capital intensities and the hump-shaped evolution of economic activity in manufacturing," Journal of Macroeconomics, Elsevier, vol. 73(C).
    18. Fangzhi Wang & Hua Liao & Richard S. J. Tol, 2023. "Baumol's Climate Disease," Papers 2312.00160, arXiv.org.
    19. Ye, Huiying & Liao, Hua & Zheng, Guoliang & Peng, Ying, 2024. "Industrialization, environmental externality, and climate mitigation strategies," Economic Modelling, Elsevier, vol. 139(C).
    20. Jacek Rothert & Jacob M. Short, 2021. "Non-traded goods, factor markets frictions, and international capital flows," GRAPE Working Papers 59, GRAPE Group for Research in Applied Economics.
    21. Paul Gaggl & Aspen Gorry & Christian vom Lehn, 2023. "Structural Change in Production Networks and Economic Growth," CESifo Working Paper Series 10460, CESifo.
    22. Guo, Kaiming & Hang, Jing & Yan, Se, 2021. "Servicification of investment and structural transformation: The case of China," China Economic Review, Elsevier, vol. 67(C).
    23. Duernecker, Georg & Herrendorf, Berthold & Valentinyi, Akos, 2017. "Structural Change within the Service Sector and the Future of Baumol's Disease," CEPR Discussion Papers 12467, Centre for Economic Policy Research.
    24. Marcolino, Marcos, 2022. "Accounting for structural transformation in the U.S," Journal of Macroeconomics, Elsevier, vol. 71(C).
    25. Sinha, Rishabh, 2023. "Central America's deindustrialization," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 319-335.
    26. Juan Carlos Conesa & Matthew J. Delventhal & Pau S. Pujolas & Gajendran Raveendranathan, 2024. "The Cost Of Trade Disruptions At Different Stages Of Development," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(3), pages 1133-1161, August.
    27. Xiawei Li & Dihai Wang & Maohua Wu & Hongyi Xu, 2026. "The Service Paradox: Structural Transformation as a Growth Drag in Modern Economies," Annals of Economics and Finance, Society for AEF, vol. 27(1), pages 27-60, May.

  3. Laura Alfaro & Manuel García-Santana & Enrique Moral-Benito, 2018. "On the direct and indirect real effects of credit supply shocks," Working Papers 1809, Banco de España.

    Cited by:

    1. Ersahin, Nuri & Giannetti, Mariassunta & Huang, Ruidi, 2024. "Trade credit and the stability of supply chains," Journal of Financial Economics, Elsevier, vol. 155(C).
    2. Finaldi Russo, Paolo & Nigro, Valentina & Pastorelli, Sabrina, 2024. "Bank lending to small firms: Metamorphosis of a financing model," International Review of Economics & Finance, Elsevier, vol. 90(C), pages 13-31.
    3. Kanazawa, Nobuyuki, 2025. "The long-term effects of bank bailouts on corporate financing policies," Journal of Banking & Finance, Elsevier, vol. 176(C).
    4. Gao, Xin & Guo, Can & Hu, Aiqin, 2026. "Export controls and stock price fluctuations of affiliated companies: Empirical evidence from the US entity list against China," Economic Analysis and Policy, Elsevier, vol. 89(C), pages 965-985.
    5. Frangiamore, Francesco & Matarrese, Marco Maria, 2025. "Government spending multipliers and financial fragility in Italy," Economic Modelling, Elsevier, vol. 145(C).
    6. Sami Al-Kharusi & Azmat Gani, 2022. "Financial Credit and Expansion of the Non-Hydrocarbon Sector in Gulf Cooperation Council Countries," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 28(3), pages 105-118, November.
    7. Ding, Haoyuan & Li, Chang & Lu, Xingyu & Wang, Huanhuan, 2025. "Clan culture and supply chain resilience in China," Journal of Economic Behavior & Organization, Elsevier, vol. 238(C).
    8. Li, Chang & Li, Wei & Shao, Yuhui, 2025. "Global monetary policy shocks and the adaptation of supply chains," China Economic Review, Elsevier, vol. 94(PB).
    9. Ricci, Lorenzo & Soggia, Giovanni & Trimarchi, Lorenzo, 2023. "The impact of bank lending standards on credit to firms," Journal of Banking & Finance, Elsevier, vol. 152(C).
    10. Martins, Theo Cotrim & Schiozer, Rafael & Linardi, Fernando de Menezes, 2023. "The information content from lending relationships across the supply chain," Journal of Financial Intermediation, Elsevier, vol. 56(C).
    11. Basu, Riddha & Roychowdhury, Sugata & Sinha, Kirti, 2025. "Real effects of lagged guidance from prudential regulators on CECL," Journal of Accounting and Economics, Elsevier, vol. 80(2).
    12. Hardy, Bryan & Saffie, Felipe, 2024. "From carry trades to trade credit: Financial intermediation by non-financial corporations," Journal of International Economics, Elsevier, vol. 152(C).
    13. Philipp Meinen & Ana Cristina Soares, 2022. "Markups and Financial Shocks," The Economic Journal, Royal Economic Society, vol. 132(647), pages 2471-2499.
    14. Crosignani, Matteo & Macchiavelli, Marco & Silva, André F., 2023. "Pirates without borders: The propagation of cyberattacks through firms’ supply chains," Journal of Financial Economics, Elsevier, vol. 147(2), pages 432-448.
    15. Borsuk, Marcin & Przeworska, Joanna & Saunders, Anthony & Serwa, Dobromił, 2024. "The macroeconomic costs of the bank tax," Journal of Financial Stability, Elsevier, vol. 72(C).
    16. Pozo, Jorge, 2023. "Sectoral credit reallocation: An excessive bank risk-taking explanation," Emerging Markets Review, Elsevier, vol. 54(C).
    17. Kabiri, Ali & Malone, Vlad & Roland, Isabelle Angeline Madeleine & Spatareanu, Mariana, 2020. "Bank default risk propagation along supply chains: evidence from the UK," LSE Research Online Documents on Economics 121832, London School of Economics and Political Science, LSE Library.
    18. Degl’Innocenti, Marta & Santilli, Gianluca & Sclip, Alex & Zhou, Si, 2025. "Commodity price risk, supply chain, and lending," Energy Economics, Elsevier, vol. 150(C).
    19. Dinger, Valeriya & Schmidt, Christian & Theissen, Erik, 2024. "The real effects of distressed bank mergers," Journal of Corporate Finance, Elsevier, vol. 89(C).
    20. Jinlong Chen & Weipeng Wu & Yiqun Zhuang, 2023. "Impact of Digital Supply Chain on Sustainable Trade Credit Provision: Evidence from Chinese Listed Companies," Sustainability, MDPI, vol. 15(15), pages 1-23, August.
    21. Kadırgan, Can & Özlü, Pınar, 2023. "Financial crisis, global liquidity and trade credit channel: Evidence from Türkiye," Emerging Markets Review, Elsevier, vol. 57(C).
    22. Kenan Huremovic & Gabriel Jiménez & Enrique Moral-Benito & José-Luis Peydró & Fernando Vega-Redondo, 2020. "Production and Financial Networks in Interplay: Crisis Evidence from Supplier-Customer and Credit Registers," Working Papers 1191, Barcelona School of Economics.
    23. Crosignani, Matteo & Han, Lina & Macchiavelli, Marco & Silva, André F., 2026. "Securing technological leadership? The cost of export controls on firms," Journal of Financial Economics, Elsevier, vol. 175(C).
    24. Julian Di Giovanni & Galina Hale, 2022. "Stock Market Spillovers via the Global Production Network: Transmission of U.S. Monetary Policy," Journal of Finance, American Finance Association, vol. 77(6), pages 3373-3421, December.
    25. de Leeuw, Tim & Wacker, Konstantin M., 2026. "How does FDI transmit into domestic investment? Exploring intra-industry and financial channels," Journal of Comparative Economics, Elsevier, vol. 54(2), pages 554-577.
    26. Akgündüz, Yusuf Emre & Cılasun, Seyit Mümin & Dursun-de Neef, H. Özlem & Hacıhasanoğlu, Yavuz Selim & Yarba, İbrahim, 2026. "How do banks propagate economic shocks?," European Economic Review, Elsevier, vol. 186(C).
    27. Saiz, Lorena & Kocabaş, Serkan, 2026. "Navigating credit dynamics: does it matter for firm-level investment? Evidence from AnaCredit," Working Paper Series 3173, European Central Bank.
    28. Cecilia Dassatti & Francesc Rodriguez-Tous & Rodrigo Lluberas, 2020. "Zombie lending: how many wondering souls are there?," Documentos de trabajo 2020003, Banco Central del Uruguay.
    29. Mary Amiti & Anil K. Kashyap & Anna Kovner & David E. Weinstein, 2026. "Why Do Firms Pay Different Interest Rates on Their Bank Loans?," Working Paper 26-03, Federal Reserve Bank of Richmond.
    30. Alfarano, Simone & Blanco-Arroyo, Omar, 2022. "Banking sector concentration, credit shocks and aggregate fluctuations," Economics Letters, Elsevier, vol. 218(C).
    31. Zhou, Ling & Li, Yang, 2025. "Commercial credit supply in the digital economy era: Impact mechanisms and differences in property rights," International Review of Financial Analysis, Elsevier, vol. 99(C).
    32. Tianbao Zhou & Zhixin Liu & Yingying Xu, 2025. "Characterizing public debt cycles: the non-negligible impact of financial cycles," Empirical Economics, Springer, vol. 68(4), pages 1529-1566, April.
    33. José Marcelo Cardoso de Lima Filho & Michel Alexandre & João Frois Caldeira, 2026. "Credit Supply Shocks and the Moderating Effects of Leverage on Employment and Wages in Brazil," Working Papers Series 648, Central Bank of Brazil, Research Department.
    34. Abras, Ana & Campos, Camila F.S. & de Paula Rocha, Bruno, 2026. "Business dynamics and credit shocks: Evidence from local markets in Brazil," Economic Modelling, Elsevier, vol. 156(C).
    35. Gustavo S. Cortes & Thiago Christiano Silva & Bernardus F. N. Van Doornik, 2019. "Credit Shock Propagation in Firm Networks: evidence from government bank credit expansions," Working Papers Series 507, Central Bank of Brazil, Research Department.
    36. Yu, Lisheng & Wang, Yanyan & Yu, Yangyang & Xu, Rui, 2025. "Patents as loan collateral: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 93(C).
    37. Shu, Wenjun & Fan, Di & Zhang, Xiao & Li, Guanlin, 2025. "Operations locked-in amid geopolitical conflicts: A study of the 2022 Russo–Ukrainian war," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 199(C).
    38. Han, Chao & Yan, Zekun & Wu, Qiwei, 2026. "Unintended effects of environmental policy in a production network perspective," Energy Economics, Elsevier, vol. 158(C).
    39. Ersahin, Nuri & Giannetti, Mariassunta & Huang, Ruidi, 2024. "Supply chain risk: Changes in supplier composition and vertical integration," Journal of International Economics, Elsevier, vol. 147(C).
    40. Miguel Sarmiento, 2022. "Sudden Yield Reversals and Financial Intermediation in Emerging Markets," Borradores de Economia 1210, Banco de la Republica de Colombia.
    41. Ferrari, Alessandro, 2019. "Global Value Chains and the Business Cycle," CEPREMAP Working Papers (Docweb) 1908, CEPREMAP.
    42. Cecilia Dassatti & Rodrigo Lluberas & Pablo Ottonello & Diego J. Perez, 2026. "Sudden Stops under the Microscope: Evidence from Uruguay," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 74(1), pages 61-94, March.
    43. Ding, Haoyuan & Lin, Shu & Wu, Shujie & Ye, Haichun, 2024. "Financial spillovers of foreign direct investment: Evidence from China," Journal of International Economics, Elsevier, vol. 148(C).
    44. James, Hui Liang & Ngo, Thanh & Wang, Hongxia, 2023. "The impact of more able managers on corporate trade credit," Journal of Behavioral and Experimental Finance, Elsevier, vol. 40(C).
    45. Zhang, Yan & Xu, Yushi & Zhu, Xintong & Huang, Jionghao, 2024. "Coal price shock propagation through sectoral financial interconnectedness in China's stock market: Quantile coherency network modelling and shock decomposition analysis," Journal of Commodity Markets, Elsevier, vol. 34(C).
    46. Tianbao Zhou & Zhixin Liu & Yingying Xu, 2024. "Characterizing Public Debt Cycles: Don't Ignore the Impact of Financial Cycles," Papers 2404.17412, arXiv.org.
    47. Florian Horky & Jarko Fidrmuc & Jan Klacso & Reiner Martin, 2025. "Why do SMEs not Apply for Loans? Bank Loan Application Behavior and Access to Finance in the Euro Area," Working and Discussion Papers WP 18/2025, Research Department, National Bank of Slovakia.
    48. Yoshiyuki ARATA & Daisuke MIYAKAWA, 2022. "Demand Shock Propagation Through an Input-output Network in Japan," Discussion papers 22027, Research Institute of Economy, Trade and Industry (RIETI).
    49. Li, Shigang & Peng, Fanjia & Wu, Binzhen & Yang, Longjian, 2025. "Closing the information gap: Tax data sharing and small business finance," Journal of Economic Behavior & Organization, Elsevier, vol. 240(C).
    50. Sarmiento, Miguel, 2024. "Sudden yield reversals and financial intermediation in emerging markets," Journal of Financial Stability, Elsevier, vol. 74(C).
    51. Luo, Changyuan & Wang, Ning, 2025. "U.S.-China trade frictions and supply chain reconstruction: Perspective from indirect links," Journal of International Money and Finance, Elsevier, vol. 151(C).
    52. Berger, Allen N. & Molyneux, Phil & Wilson, John O.S., 2020. "Banks and the real economy: An assessment of the research," Journal of Corporate Finance, Elsevier, vol. 62(C).
    53. Mizobata, Hirokazu, 2026. "Credit supply shocks and employment adjustments in Japanese listed firms," Economic Modelling, Elsevier, vol. 162(C).
    54. Yao, Xiaoyang & He, Wenjing & Li, Jianfeng & Le, Wei, 2023. "Climate policy uncertainty through production networks: Evidence from the stock market," Economics Letters, Elsevier, vol. 233(C).
    55. Berger, Allen N. & Karlström, Peter & Karolyi, Stephen A. & Ossandon Busch, Matias & Pinzon-Puerto, Freddy & Roman, Raluca A., 2026. "Global banking with a Latin American rhythm," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 7(1).
    56. Arata, Yoshiyuki & Miyakawa, Daisuke, 2024. "Demand shock propagation through input-output linkages in Japan," Journal of Economic Behavior & Organization, Elsevier, vol. 219(C), pages 262-283.
    57. Broadbent, Elijah & Ennis, Huberto M. & Pike, Tyler J. & Sapriza, Horacio, 2026. "Bank lending standards and the U.S. economy," Journal of Economic Dynamics and Control, Elsevier, vol. 183(C).
    58. Xu, Lingling & Zhong, Huijie, 2024. "Identification of high- and new-technology enterprises, supplier relationship and technological innovation: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 94(C).
    59. Manuel Adelino & Miguel A. Ferreira & Mariassunta Giannetti & Pedro Pires, 2022. "Trade credit and the transmission of unconventional monetary policy," Nova SBE Working Paper Series wp650, Universidade Nova de Lisboa, Nova School of Business and Economics.
    60. Erdinc Akyildirim & Gonul Colak & Giray Gozgor & Thang Ho, 2026. "Firm-Level Geopolitical Risk and Bank Debt Financing: Global Evidence," CESifo Working Paper Series 12624, CESifo.
    61. Wang, Wenya & Xu, Qiyu & Yang, Ei, 2024. "Bargaining power and trade credit: The heterogeneous effect of credit contractions," Journal of Banking & Finance, Elsevier, vol. 161(C).
    62. Stefano Federico & Fadi Hassan & Veronica Rappoport, 2019. "Trade shocks and credit reallocation," CEP Discussion Papers dp1649, Centre for Economic Performance, LSE.
    63. Meghana Ayyagari & Yuxi Cheng & Ariel Weinberger, 2022. "Surviving Pandemics: The Role of Spillovers," CESifo Working Paper Series 9891, CESifo.
    64. Antonio Moreta, 2026. "Reporting Regulation and Private Firms' Bank Credit," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 64(2), pages 1021-1086, May.
    65. Li, Youwei & Liao, Ming & Liu, Yangke, 2023. "How does green credit policy affect polluting firms' dividend policy? The China experience," International Review of Financial Analysis, Elsevier, vol. 88(C).
    66. Barbieri, Claudio & Couaillier, Cyril & Perales, Cristian & Rodriguez d’Acri, Costanza, 2022. "Informing macroprudential policy choices using credit supply and demand decompositions," Working Paper Series 2702, European Central Bank.
    67. Xiaohang Ren & Yu Ling & Ya Xiao & Yu Gong, 2026. "How urban polycentricity influences supply chain risk: evidence from China," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 75(2), pages 1-35, June.
    68. Hou, Yaru & Wan, Panbing & Yang, Mian, 2026. "Growing bigger or becoming stronger: A response of downstream manufacturing firms to the coal price shock," International Journal of Industrial Organization, Elsevier, vol. 104(C).
    69. Schroeder, Christofer & Hviid, Simon Juul, 2024. "Real effects of credit supply shocks: evidence from Danish banks, firms, and workers," Working Paper Series 3001, European Central Bank.
    70. Altavilla, Carlo & Boucinha, Miguel & Bouscasse, Paul, 2022. "Supply or Demand: What Drives Fluctuations in the Bank Loan Market?," Working Paper Series 2646, European Central Bank.
    71. Hardy, Bryan, 2023. "Foreign currency borrowing, balance sheet shocks, and real outcomes," Journal of International Money and Finance, Elsevier, vol. 139(C).
    72. Lin, Xu & Zhu, Mengnan, 2026. "Customer deleveraging, bargaining power, and trade credit occupation: Evidence from “Three Red Lines” policy," Economics Letters, Elsevier, vol. 264(C).
    73. Laura Alfaro & Mauricio Calani & Liliana Varela, 2023. "Granular Corporate Hedging Under Dominant Currency," Discussion Papers 2315, Centre for Macroeconomics (CFM).
    74. Kensuke Fukunaga & Daisuke Miyakawa, 2022. "Supply Chain Network and Credit Supply," IMES Discussion Paper Series 22-E-08, Institute for Monetary and Economic Studies, Bank of Japan.
    75. Peng, Changhong & Zhang, Shuqin & Rong, Xueyun & Chen, Dongjing, 2024. "Is China's green credit policy effective? -Based on the perspective of enterprise environmental performance and economic performance," International Review of Economics & Finance, Elsevier, vol. 94(C).
    76. Ozan Güler & Mike Mariathasan & Klaas Mulier & Nejat G. Okatan, 2021. "The real effects of banks' corporate credit supply: A literature review," Economic Inquiry, Western Economic Association International, vol. 59(3), pages 1252-1285, July.
    77. Barbosa, Luciana & Bilan, Andrada & Célérier, Claire, 2019. "Credit supply and human capital: evidence from bank pension liabilities," Working Paper Series 2271, European Central Bank.
    78. Pablo D’Erasmo & Hernán Moscoso Boedo & María Pía Olivero & Máximo Sangiácomo, 2020. "Relationship Networks in Banking Around a Sovereign Default and Currency Crisis," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(3), pages 584-642, September.

  4. Jose Asturias & Manuel García-Santana & Roberto Ramos, 2018. "Competition and the welfare gains from transportation infrastructure: evidence from the golden quadrilateral of India," Working Papers 1816, Banco de España.

    Cited by:

    1. Taylor Jaworski & Carl Kitchens & Sergey Nigai, 2023. "Highways And Globalization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(4), pages 1615-1648, November.
    2. Despina Gavresi & Anastasia Litina & Georgios Tsiachtsiras, 2022. ""Railways and Roadways to Trust"," IREA Working Papers 202214, University of Barcelona, Research Institute of Applied Economics, revised Oct 2022.
    3. Van Leemput, Eva, 2021. "A passage to India: Quantifying internal and external barriers to trade," Journal of International Economics, Elsevier, vol. 131(C).
    4. Wu, Mingqin & Yu, Linhui & Zhang, Junsen, 2023. "Road expansion, allocative efficiency, and pro-competitive effect of transport infrastructure: Evidence from China," Journal of Development Economics, Elsevier, vol. 162(C).
    5. Brooks, Wyatt J. & Kaboski, Joseph P. & Li, Yao Amber & Qian, Wei, 2021. "Exploitation of labor? Classical monopsony power and labor's share," Journal of Development Economics, Elsevier, vol. 150(C).
    6. Santamaria, Marta, 2020. "Reshaping Infrastructure: Evidence from the division of Germany," The Warwick Economics Research Paper Series (TWERPS) 1244, University of Warwick, Department of Economics.
    7. Baragwanath, Kathryn & Hanson, Gordon & Khandelwal, Amit K. & Liu, Chen & Park, Hogeun, 2026. "Using satellite imagery to measure the impacts of new highways: An application to India," Journal of International Economics, Elsevier, vol. 159(C).
    8. Badura, Ondřej & Melecký, Aleš & Melecký, Martin, 2023. "Liberalizing passenger rail: The effect of competition on local unemployment," Economics of Transportation, Elsevier, vol. 36(C).
    9. Wei Zou & Liangheng Chen & Junke Xiong, 2018. "High-Speed Railway, Market Access, and Economic Growth," ADBI Working Papers 852, Asian Development Bank Institute.
    10. Das, Abhiman & Ghani, Ejaz & Grover, Arti & Kerr, William & Nanda, Ramana, 2024. "JUE insight: Infrastructure and Finance: Evidence from India’s GQ highway network," Journal of Urban Economics, Elsevier, vol. 142(C).
    11. Shilpa Aggarwal & Brian Giera & Dahyeon Jeong & Jonathan Robinson & Alan Spearot, 2018. "Market Access, Trade Costs, and Technology Adoption: Evidence from Northern Tanzania," NBER Working Papers 25253, National Bureau of Economic Research, Inc.
    12. Mark Roberts & Martin Melecky & Théophile Bougna & Yan (Sarah) Xu, 2020. "Transport corridors and their wider economic benefits: A quantitative review of the literature," Journal of Regional Science, Wiley Blackwell, vol. 60(2), pages 207-248, March.
    13. Jose Asturias & Jack Rossbach, 2023. "Grouped Variation In Factor Shares: An Application To Misallocation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(1), pages 325-360, February.
    14. Somnath Sharma & Shashi Kant & Ranjeeta Mishra & Dina Azhgaliyeva, 2022. "Market Access and Firm Performance: Evidence Based on GIS Analysis of Road Network and Manufacturing-Plant-Level Data from India," ADBI Working Papers 1351, Asian Development Bank Institute.
    15. Dan Liu & Liugang Sheng & Miaojie Yu, 2023. "Highways and firms' exports: Evidence from China," Review of International Economics, Wiley Blackwell, vol. 31(2), pages 413-443, May.
    16. Yang, Yang, 2017. "Transport Infrastructure, City Productivity Growth and Sectoral Reallocation: Evidence from China," RIEI Working Papers 2017-08, Xi'an Jiaotong-Liverpool University, Research Institute for Economic Integration.
    17. Kong, Sang Hoon, 2026. "Quality upgrading and productivity gains from domestic market access changes in India," Journal of Development Economics, Elsevier, vol. 182(C).
    18. Orea, Luis & Álvarez, Inmaculada C. & Servén, Luis, 2022. "The Structural and Productivity Effects of Infrastructure Provision in Developed and Developing Countries," Efficiency Series Papers 2022/01, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    19. Berg,Claudia N. & Blankespoor,Brian & Emran,M. Shahe & Shilpi,Forhad J., 2023. "Does Market Integration Increase Rural Land Inequality ? Evidence from India," Policy Research Working Paper Series 10286, The World Bank.
    20. Santamaria, Marta, 2020. "Reshaping Infrastructure : Evidence from the division of Germany," CAGE Online Working Paper Series 456, Competitive Advantage in the Global Economy (CAGE).
    21. Pablo D. Fajgelbaum & Edouard Schaal, 2017. "Optimal Transport Networks in Spatial Equilibrium," NBER Working Papers 23200, National Bureau of Economic Research, Inc.
    22. Wyatt J. Brooks & Joseph P. Kaboski & Illenin O. Kondo & Yao Amber Li & Wei Qian, 2021. "Infrastructure Investment and Labor Monopsony Power," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(3), pages 470-504, September.
    23. Jose Asturias & Marco Sanfilippo & Asha Sundaram, 2024. "Foreign Direct Investment, Geography, and Welfare," Working Papers 24-45, Center for Economic Studies, U.S. Census Bureau.
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    Cited by:

    1. Du, Qingyuan & Hong, Shengjie & Wang, Yao & Wang, Yaqi, 2026. "Exchange rate, foreign currency debt and firm-level investment," Journal of International Money and Finance, Elsevier, vol. 161(C).
    2. Luc Laeven & Fabian Valencia, 2020. "Systemic Banking Crises Database II," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(2), pages 307-361, June.
    3. Bryan Hardy, 2018. "Foreign currency borrowing, balance sheet shocks and real outcomes," BIS Working Papers 758, Bank for International Settlements.

  6. Paola Conconi & Manuel García-Santana & Laura Puccio & Roberto Venturini, 2017. "From final goods to inputs: the protectionist effect of rules of origin," CEP Discussion Papers dp1525, Centre for Economic Performance, LSE.

    Cited by:

    1. Zhou, Hua & Wu, Lingyu, 2025. "Rules of Origin, Import of Inputs and Firm Innovation," Journal of Asian Economics, Elsevier, vol. 96(C).
    2. Bernard Hoekman & Stefano Inama, 2017. "Rules of Origin as Non-Tariff Measures: Towards Greater Regulatory Convergence," RSCAS Working Papers 2017/45, European University Institute.
    3. Chad Bown & Paola Conconi & Aksel Erbahar & Lorenzo Trimarchi, 2021. "Trade protection along supply chains," CEP Discussion Papers dp1739, Centre for Economic Performance, LSE.
    4. Swati Dhingra & Rebecca Freeman & Hanwei Huang, 2021. "The impact of non-tariff barriers on trade and welfare," CEP Discussion Papers dp1742, Centre for Economic Performance, LSE.
    5. Komi Tsowou & Junior Davis, 2021. "Reaping the AfCFTA Potential Through Well-Functioning Rules of Origin," Journal of African Trade, Springer, vol. 8(2), pages 88-102, December.
    6. Kazunobu Hayakawa, 2020. "Production Networks and Utilization of Free Trade Agreements by Japanese Subsidiaries in ASEAN," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 16(1), pages 121-134, February.
    7. Joseph Steinberg, 2018. "The Macroeconomic Impact of NAFTA Termination," 2018 Meeting Papers 753, Society for Economic Dynamics.
    8. Jaume Sempere, 2022. "On potential Pareto gains from free trade areas formation," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(6), pages 1502-1518, December.
    9. Jaime DE MELO & Ben SHEPHERD, 2018. "The Economics of Non-Tariff Measures: A Primer," Working Papers P212, FERDI.
    10. Mukunoki, Hiroshi & Okoshi, Hirofumi, 2019. "Rules of Origin and Consumer-Hurting Free Trade Agreements," Discussion Papers in Economics 61759, University of Munich, Department of Economics.
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    12. Danyal Arnold & Shania Bhalotia & Swati Dhingra, 2025. "Deglobalisation in disguise? Brexit barriers and trade in services," CEP Discussion Papers dp2110, Centre for Economic Performance, LSE.
    13. Kee, Hiau Looi & Xie, Enze, 2024. "Trade Policies Mix and Match : Theory and Global Evidence, with the Sino-EU Battery Electric Vehicle Dispute as an Illustrative Application," Policy Research Working Paper Series 10855, The World Bank.
    14. Landry Signé & Payce Madden, 2021. "Considerations for Rules of Origin under the African Continental Free Trade Area," Journal of African Trade, Springer, vol. 8(2), pages 77-87, December.
    15. Harald Fadinger & Lei Li & Sophia Praetorius & Jan Schymik, 2026. "The U.S.–China Trade War and the Geography of Global Production," CRC TR 224 Discussion Paper Series crctr224_2025_776, University of Bonn and University of Mannheim, Germany.
    16. Neave O'Clery & Ben Radcliffe-Brown & Thomas Spencer & Daniel Tarling-Hunter, 2025. "Deciphering the global production network from cross-border firm transactions," Papers 2508.12315, arXiv.org, revised Jul 2026.
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    20. Michael Blanga-Gubbay & Paola Conconi & Mathieu Parenti, 2020. "Globalization for Sale," RSCAS Working Papers 2020/25, European University Institute.
    21. James Lake & Moïse Nken & Halis Murat Yildiz, 2019. "Tariff Bindings and the Dynamic Formation of Preferential Trade Agreements," CESifo Working Paper Series 7712, CESifo.
    22. Hiroshi Mukunoki & Hirofumi Okoshi, 2021. "Tariff elimination versus tax avoidance: free trade agreements and transfer pricing," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1188-1210, October.
    23. Andreas Baur & Lisandra Flach & Feodora Teti, 2021. "30 Jahre Mercosur – Integrationsfortschritte, Misserfolge und zukünftige Handelspolitik," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 74(04), pages 31-40, April.
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    32. Mattia Di Ubaldo & Michael Gasiorek & Barry Reilly & Aldo Sandoval-Hernandez, 2025. "Trade and the intensity of product regulation," Working Paper Series 0325, Department of Economics, University of Sussex Business School.
    33. Kuo‐I Chang & Kazunobu Hayakawa & Nuttawut Laksanapanyakul & Dionisius Narjoko & Ju Hyun Pyun & Francis Quimba, 2022. "Determinants of regional trade agreement utilisation: Evidence from multiple import countries in Asia," The World Economy, Wiley Blackwell, vol. 45(6), pages 1713-1736, June.
    34. Sytsma, Tobias, 2019. "Rules of Origin Liberalization with Multi-Product Firms: Theory and Evidence from Bangladeshi Apparel Exporters," MPRA Paper 95956, University Library of Munich, Germany.
    35. Laura Alfaro & Paola Conconi & Fariha Kamal & Zachary Kroff, 2026. "Trade Within Multinational Boundaries," CESifo Working Paper Series 12394, CESifo.
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    40. Mitsuyo ANDO & Shujiro URATA & Kenta YAMANOUCHI, 2022. "Effects of Product-Specific Rules of Origin on Trade in Free Trade Agreements: Evidence from the cases of Japan," Discussion papers 22035, Research Institute of Economy, Trade and Industry (RIETI).
    41. Svetlana Ledyaeva, 2025. "Trade Diversion effects of China`s Vat Export Rebates," Open Economies Review, Springer, vol. 36(2), pages 541-575, April.
    42. Julien Gourdon & Dzmitry Kniahin & Jaime Melo & Mondher Mimouni, 2021. "Rules of Origin across African Regional Trading Agreements: A Landscape with Measures to Address Challenges at Harmonization," Journal of African Trade, Springer, vol. 8(1), pages 96-108, December.
    43. Bakker, Jan David & Datta, Nikhil & Davies, Richard & De Lyon, Josh, 2023. "Brexit and consumer food prices," The Warwick Economics Research Paper Series (TWERPS) 1461, University of Warwick, Department of Economics.
    44. Abe,Kenzo & Hayakawa,Kazunobu & Yang,Chih-hai, 2026. "Complying with Rules of Origin and Transfer Pricing," IDE Discussion Papers 989, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    45. Alonso de Gortari, 2019. "Disentangling Global Value Chains," NBER Working Papers 25868, National Bureau of Economic Research, Inc.
    46. Felipe Benguria, 2022. "Do US exporters take advantage of free trade agreements? Evidence from the US‐Colombia free trade agreement," Review of International Economics, Wiley Blackwell, vol. 30(4), pages 1148-1179, September.
    47. Antrà s, Pol & Chor, Davin, 2021. "Global Value Chains," CEPR Discussion Papers 15908, Centre for Economic Policy Research.
    48. Armando Rungi & Loredana Fattorini & Kenan Huremović, 2023. "Measuring the input rank in global supply networks," The World Economy, Wiley Blackwell, vol. 46(10), pages 3081-3115, October.
    49. Kniahin, Dzmitry, 2022. "Global protectionist trade effect of rules of origin: assessment of input-output restrictions at HS6 level in 400 FTAs," Conference papers 333435, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    50. Celik, Levent & Karabay, Bilgehan & McLaren, John, 2020. "Fast-track authority: A hold-up interpretation," Journal of International Economics, Elsevier, vol. 127(C).
    51. Chung, Wanyu & Perroni, Carlo, 2025. "Regional content requirements and market power: Lessons from CUSFTA," Journal of International Economics, Elsevier, vol. 157(C).
    52. Lee, Woori & Mulabdic, Alen & Ruta, Michele, 2023. "Third-country effects of regional trade agreements: A firm-level analysis," Journal of International Economics, Elsevier, vol. 140(C).
    53. Andreas Baur & Lisandra Flach & Feodora Teti, 2023. "Integration of Mercosur in the Global Economy," EconPol Policy Reports 43, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    54. Kiyoyasu Tanaka, 2021. "The European Union's reform in rules of origin and international trade: Evidence from Cambodia," The World Economy, Wiley Blackwell, vol. 44(10), pages 3025-3050, October.
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    81. Jong Hee Park & Byung Koo Kim, 2020. "Why your neighbor matters: Positions in preferential trade agreement networks and export growth in global value chains," Economics and Politics, Wiley Blackwell, vol. 32(3), pages 381-410, November.
    82. Solleder, Jean-Marc, 2020. "Market power and export taxes," European Economic Review, Elsevier, vol. 125(C).
    83. Felbermayr, Gabriel & Teti, Feodora & Yalcin, Erdal, 2019. "Rules of origin and the profitability of trade deflection," Journal of International Economics, Elsevier, vol. 121(C).
    84. Dhingra, Swati & Tenreyro, Silvana, 2021. "The Rise of Agribusinesses and its Distributional Consequences," CEPR Discussion Papers 15942, Centre for Economic Policy Research.
    85. David Tsirekidze, 2021. "Global supply chains, trade agreements and rules of origin," The World Economy, Wiley Blackwell, vol. 44(11), pages 3111-3140, November.
    86. Kazunobu Hayakawa, 2023. "Multiple preference regimes and rules of origin," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(3), pages 673-696, August.
    87. Zhang, Xiaoxu & Li, Jiale & Li, Yuze & Zhu, Kunfu & Xu, Jian & Wang, Shouyang, 2026. "U.S. Trade policy and the restructuring of global production networks: A case study of industrial relocation from China to India," Structural Change and Economic Dynamics, Elsevier, vol. 76(C), pages 66-79.
    88. Jacopo Timini & Marina Conesa, 2018. "Chinese exports and non-tariff measures: testing for heterogeneous effects at the product level," Working Papers 1830, Banco de España.
    89. Korn, Tobias & Stemmler, Henry, 2025. "The persistence of trade relocation from civil conflict," Journal of Development Economics, Elsevier, vol. 172(C).
    90. Xi He, 2022. "Political and economic determinants of export restrictions in the agricultural and food sector," Agricultural Economics, International Association of Agricultural Economists, vol. 53(3), pages 439-453, May.
    91. John C. Beghin & Heidi Schweizer, 2021. "Agricultural Trade Costs," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(2), pages 500-530, June.
    92. Krishna, Kala & Salamanca, Carlos & Suzuki, Yuta & Volpe Martincus, Christian, 2025. "Learning to use trade agreements," Journal of Development Economics, Elsevier, vol. 174(C).
    93. Laura Alfaro & Paula Conconi & Fariha FK Kamal & Zachary ZK Kroll, 2026. "Trade Within Multinational Boundaries," Working Papers ECARES 2025-01, ULB -- Universite Libre de Bruxelles.
    94. Latorre, María C. & Olekseyuk, Zoryana & Yonezawa, Hidemichi & Robinson, Sherman, 2020. "Making sense of Brexit losses: An in-depth review of macroeconomic studies," Economic Modelling, Elsevier, vol. 89(C), pages 72-87.
    95. Amjad Masood & Junaid Ahmed & Fatima Olanike Kareem, 2025. "Exploring Reciprocal and Non-reciprocal Policies of Market Access for SAARC Countries," Journal of South Asian Development, , vol. 20(1), pages 58-80, April.

  7. Manuel García-Santana & Josep Pijoan-Mas & Enrique Moral-Benito & Roberto Ramos, 2016. "Growing like Spain: 1995-2007," Working Papers 1609, Banco de España.
    • Manuel García‐Santana & Enrique Moral‐Benito & Josep Pijoan‐Mas & Roberto Ramos, 2020. "Growing Like Spain: 1995–2007," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(1), pages 383-416, February.

    Cited by:

    1. Cingano, Federico & Hassan, Fadi, 2020. "International financial flows and misallocation," LSE Research Online Documents on Economics 108460, London School of Economics and Political Science, LSE Library.
    2. Gopinath, Gita & Kalemli-Ozcan, Sebnem & Karabarbounis, Loukas & Villegas-Sanchez, Carolina, 2015. "Capital Allocation and Productivity in South Europe," CEPR Discussion Papers 10826, Centre for Economic Policy Research.
    3. Juan Carlos Conesa & Timothy J. Kehoe, 2017. "Productivity, Taxes, and Hours Worked in Spain: 1970-2015," Staff Report 550, Federal Reserve Bank of Minneapolis.
    4. Tom Schmitz, 2016. "Endogenous Growth, Firm Heterogeneity and the Long-run Impact of Financial Crises," 2016 Meeting Papers 609, Society for Economic Dynamics.
    5. Gamberoni, Elisa & Giordano, Claire & Lopez-Garcia, Paloma, 2016. "Capital and labour (mis)allocation in the euro area: some stylized facts and determinants," Working Paper Series 1981, European Central Bank.
    6. Miguel Almunia & David López-Rodríguez & Enrique Moral-Benito, 2018. "Evaluating the macro-representativeness of a firm-level database: an application for the Spanish economy," Occasional Papers 1802, Banco de España.
    7. Bruno Pellegrino & Luigi Zingales, 2017. "Diagnosing the Italian Disease," NBER Working Papers 23964, National Bureau of Economic Research, Inc.
    8. Edouard Challe & Jose Ignacio Lopez & Eric Mengus, 2016. "Southern Europe's institutional decline," Working Papers hal-01331723, HAL.
    9. Vladimir Asriyan & Luc Laeven & Alberto Martin & Alejandro Van der Ghote & Victoria Vanasco, 2021. "Falling Interest Rates and Credit Misallocation: Lessons from General Equilibrium," Working Papers 1268, Barcelona School of Economics.
    10. Sara Calligaris, 2015. "Misallocation and Total Factor Productivity in Italy: Evidence from Firm-Level Data," LABOUR, CEIS, vol. 29(4), pages 367-393, December.
    11. Shalini Mitra, 2018. "Persistent Misallocation and the Productivity Slowdown in EU," Working Papers 201812, University of Liverpool, Department of Economics.
    12. Calligaris, Sara & Del Gatto, Massimo & Hassan, Fadi & Ottaviano, Gianmarco I. P. & Schivardi, Fabiano, 2017. "The productivity puzzle and misallocation: an Italian perspective," LSE Research Online Documents on Economics 86617, London School of Economics and Political Science, LSE Library.
    13. Andrea Linarello & Andrea Petrella, 2017. "Productivity and Reallocation: Evidence from the Universe of Italian Firms," International Productivity Monitor, Centre for the Study of Living Standards, vol. 32, pages 116-136, Spring.
    14. Vladimir Asriyan, 2019. "Collateral booms and information depletion," 2019 Meeting Papers 147, Society for Economic Dynamics.
    15. Christian Osterhold, 2018. "Fear the walking dead: zombie firms, spillovers and exit barriers," Working Papers w201811, Banco de Portugal, Economics and Research Department.
    16. Akcigit, Ufuk & Baslandze, Salomé & Lotti, Francesca, 2018. "Connecting to Power: Political Connections, Innovation, and Firm Dynamics," CEPR Discussion Papers 13216, Centre for Economic Policy Research.
    17. Martín, Alberto & Moral-Benito, Enrique & Schmitz, Tom, 2018. "The Financial Transmission of Housing Booms: Evidence from Spain," CEPR Discussion Papers 12999, Centre for Economic Policy Research.
    18. Apoorva Gupta, 2019. "R&D and firm resilience during bad times," Discussion Papers 2019-12, University of Nottingham, GEP.
    19. Elías Albagli & Mario Canales & Antonio Martner & Matías Tapia & Juan M. Wlasiuk, 2019. "Misallocation or Misspecification? The Effect of “Average” Distortions on TFP Gains Estimations," Working Papers Central Bank of Chile 835, Central Bank of Chile.
    20. Chenxu Fu & Enrique Moral-Benito, 2018. "The evolution of spanish total factor productivity since the global financial crisis," Occasional Papers 1808, Banco de España.
    21. Luigi Bonatti & Andrea Fracasso, 2017. "Addressing the Core-Periphery Imbalances in Europe: Resource Misallocation and Expansionary Fiscal Policies," EconPol Working Paper 6, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    22. Juan J. Dolado & Salvador Ortigueira & Rodolfo Stucchi, 2016. "Does dual employment protection affect TFP? Evidence from Spanish manufacturing firms," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 7(4), pages 421-459, November.
    23. Alberto Martín & Enrique Moral-Benito & Tom Schmitz, 2018. "The Financial Transmission of Housing Bubbles: Evidence from Spain," Working Papers 625, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    24. Thornton, John & Vasilakis, Chrysovalantis, 2023. "Bank regulations and surges and stops in credit: Panel evidence," Journal of Financial Stability, Elsevier, vol. 67(C).
    25. Gilbert Cette & John G. Fernald & Benoit Mojon, 2016. "The pre-Great Recession slowdown in productivity," Working Paper Series 2016-8, Federal Reserve Bank of San Francisco.
    26. Florian Gerth, 2017. "Allocative efficiency of UK firms during the Great Recession," Studies in Economics 1714, School of Economics, University of Kent.
    27. Daniela Marconi & Christian Upper, 2017. "Capital Misallocation and Financial Development: A Sector-Level Analysis," Temi di discussione (Economic working papers) 1143, Bank of Italy, Economic Research and International Relations Area.
    28. Dias, Daniel A. & Robalo Marques, Carlos & Richmond, Christine, 2016. "Misallocation and productivity in the lead up to the Eurozone crisis," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 46-70.
    29. Fabiano Schivardi & Tom Schmitz, 2018. "The IT Revolution and Southern Europe's Two Lost Decades," Working Papers 624, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    30. Patricia Jiménez Martínez & Juan A. Máñez Castillejo & María E. Rochina Barrachina & Juan A. Sanchis Llopis, 2019. "Misallocation of resources across Firms in Spain (1992-2013)," Working Papers 1919, Department of Applied Economics II, Universidad de Valencia.
    31. Andrea Caggese & Ander Pérez-Orive, 2018. "Capital misallocation and secular stagnation," Economics Working Papers 1637, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2019.
    32. Elisa Gamberoni & Christine Gartner & Claire Giordano & Paloma Lopez-Garcia, 2016. "Is corruption efficiency-enhancing? A case study of nine Central and Eastern European countries," Questioni di Economia e Finanza (Occasional Papers) 331, Bank of Italy, Economic Research and International Relations Area.
    33. Enrique Moral-Benito, 2018. "Growing by learning: firm-level evidence on the size-productivity nexus," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 9(1), pages 65-90, March.
    34. Patrice Ollivaud & Yvan Guillemette & David Turner, 2018. "Investment as a transmission mechanism from weak demand to weak supply and the post-crisis productivity slowdown," OECD Economics Department Working Papers 1466, OECD Publishing.
    35. Daniel Dias, 2016. "A tale of two sectors: why is misallocation higher in services than in manufacturing?," Working Papers w201614, Banco de Portugal, Economics and Research Department.
    36. Juan Carlos Conesa & Pau S. Pujolas, 2017. "The Canadian Productivity Stagnation, 2002-2014," Department of Economics Working Papers 2017-04, McMaster University, revised Sep 2017.
    37. Thomas Grjebine & Jérôme Héricourt & Fabien Tripier, 2019. "Sectoral Reallocations, Real Estate Shocks and Productivity Divergence in Europe: A Tale of Three Countries," CEPII Policy Brief 2019-27, CEPII research center.
    38. Julian di Giovanni & Manuel García-Santana & Priit Jeenas & Enrique Moral-Benitoz & Josep Pijoan-Mas, 2022. "Government Procurement and Access to Credit: Firm Dynamics and Aggregate Implications," Working Papers 2233, Banco de España.
    39. Gabriel Jiménez & Enrique Moral-Benito & Raquel Vegas, 2018. "Bank lending standards over the cycle: the role of firms’ productivity and credit risk," Working Papers 1811, Banco de España.
    40. Li, Kun & Azacis, Helmuts & Luintel, Kul B, 2023. "Resource Misallocation in the Presence of R&D Spillovers," Cardiff Economics Working Papers E2023/24, Cardiff University, Cardiff Business School, Economics Section.
    41. Konstantins Benkovskis, 2018. "Misallocation, productivity and fragmentation of production: the case of Latvia," Journal of Productivity Analysis, Springer, vol. 49(2), pages 187-206, June.
    42. Bańbura, Marta & Albani, Maria & Ambrocio, Gene & Bursian, Dirk & Buss, Ginters & de Winter, Jasper & Gavura, Miroslav & Giordano, Claire & Júlio, Paulo & Le Roux, Julien & Lozej, Matija & Malthe-Thag, 2018. "Business investment in EU countries," Occasional Paper Series 215, European Central Bank.
    43. Konstantins Benkovskis, 2015. "Misallocation of Resources in Latvia: Did Anything Change During the Crisis?," Working Papers 2015/05, Latvijas Banka.
    44. Michele Battisti & Filippo Belloc & Massimo Del Gatto, 2019. "Labour productivity and firm-level TFP with technology-specific production functions," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers (2017-2023 papers hosted by The National Institute of Economic and Social Research) ESCoE DP-2019-02, Economic Statistics Centre of Excellence (ESCoE).
    45. Haozhou Tang, 2018. "Asset Price Bubbles and the Distribution of Firms," 2018 Meeting Papers 362, Society for Economic Dynamics.
    46. Sara Calligaris, 2015. "Misallocation and Total Factor Productivity in Italy: Evidence from Firm-Level Data," CEIS Research Paper 357, Tor Vergata University, CEIS, revised 14 Oct 2015.
    47. Massimo Del Gatto & Fadi Hassan & Gianmarco I.P. Ottaviano & Fabiano Schivardi, 2019. "Company Profits in Italy," European Economy - Discussion Papers 093, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    48. Salome Baslandze, 2018. "Connecting to Power: Political Connections, Innovation, and Firm Dynamics," 2018 Meeting Papers 1036, Society for Economic Dynamics.

  8. Manuel Garcia-Santana & Roberto Ramos, 2012. "Dissecting the Size Distribution of Establishments Across Countries," Working Papers wp2012_1204, CEMFI.

    Cited by:

    1. François Gourio & Nicolas Roys, 2013. "Size-dependent regulations, firm size distribution, and reallocation," Working Paper Series WP-2013-11, Federal Reserve Bank of Chicago.
    2. Nadine Riedel & Martin Simmler, 2021. "Large and influential: Firm size and governments’ corporate tax rate choice," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 54(2), pages 812-839, May.
    3. Nadine Riedel & Martin Simmler, 2018. "Large and Influential: Firm Size and Governments' Corporate Tax Rate Choice," CESifo Working Paper Series 6904, CESifo.

  9. Manuel García-Santana & Josep Pijoan-Mas, 2010. "Small Scale Reservation Laws and the Misallocation of Talent," Working Papers wp2010_1010, CEMFI.

    Cited by:

    1. Francesco Trebbi & Miao Ben Zhang & Michael Simkovic, 2023. "The Cost of Regulatory Compliance in the United States," CESifo Working Paper Series 10589, CESifo.
    2. Allub, Lian, 2015. "Asymmetric effects of trade and FDI: South America versus Europe," Economics Working Papers MWP2015/16, European University Institute.
    3. Jonathan Goyette & Giovanni Gallipoli, 2012. "Distortions, Efficiency and the Size Distribution of Firms," Cahiers de recherche 12-06, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    4. Garicano, Luis & Lelarge, Claire & Van Reenen, John, 2013. "Firm Size Distortions and the Productivity Distribution: Evidence from France," IZA Discussion Papers 7241, IZA Network @ LISER.
    5. François Gourio & Nicolas A. Roys, 2012. "Size-Dependent Regulations, Firm Size Distribution, and Reallocation," NBER Working Papers 18657, National Bureau of Economic Research, Inc.
    6. Manuel García-Santana, 2013. "Foreign Firms, Distribution of Income, and the Welfare of Developing Countries," 2013 Meeting Papers 1044, Society for Economic Dynamics.
    7. Allub, Lian & Erosa, Andrés, 2014. "Financial frictions, occupational choice and economic inequality," UC3M Working papers. Economics we1413, Universidad Carlos III de Madrid. Departamento de Economía.
    8. Benjamin Bridgman & Michael Maio & James A. Schmitz, 2012. "What ever happened to the Puerto Rican sugar manufacturing industry?," Staff Report 477, Federal Reserve Bank of Minneapolis.
    9. López-Martín Bernabé, 2016. "Informal Sector Misallocation," Working Papers 2016-09, Banco de México.
    10. Siddharth Kothari, 2014. "The Size Distribution of Manufacturing Plants and Development," IMF Working Papers 2014/236, International Monetary Fund.

Articles

  1. Alfaro, Laura & García-Santana, Manuel & Moral-Benito, Enrique, 2021. "On the direct and indirect real effects of credit supply shocks," Journal of Financial Economics, Elsevier, vol. 139(3), pages 895-921.
    See citations under working paper version above.
  2. Manuel García‐Santana & Josep Pijoan‐Mas & Lucciano Villacorta, 2021. "Investment Demand and Structural Change," Econometrica, Econometric Society, vol. 89(6), pages 2751-2785, November.
    See citations under working paper version above.
  3. Manuel García‐Santana & Enrique Moral‐Benito & Josep Pijoan‐Mas & Roberto Ramos, 2020. "Growing Like Spain: 1995–2007," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(1), pages 383-416, February.
    See citations under working paper version above.
  4. Jose Asturias & Manuel García-Santana & Roberto Ramos, 2019. "Competition and the Welfare Gains from Transportation Infrastructure: Evidence from the Golden Quadrilateral of India," Journal of the European Economic Association, European Economic Association, vol. 17(6), pages 1881-1940.
    See citations under working paper version above.
  5. Paola Conconi & Manuel García-Santana & Laura Puccio & Roberto Venturini, 2018. "From Final Goods to Inputs: The Protectionist Effect of Rules of Origin," American Economic Review, American Economic Association, vol. 108(8), pages 2335-2365, August.
    See citations under working paper version above.
  6. Manuel García-Santana & Roberto Ramos, 2015. "Distortions and the size distribution of plants: evidence from cross-country data," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 6(3), pages 279-312, August.

    Cited by:

    1. Nezih Guner & Andrii Parkhomenko & Gustavo Ventura, 2015. "Managers and Productivity Differences," LIS Working papers 634, LIS Cross-National Data Center in Luxembourg.
    2. Silvia Giacomelli & Carlo Menon, 2017. "Does weak contract enforcement affect firm size? Evidence from the neighbour’s court," Journal of Economic Geography, Oxford University Press, vol. 17(6), pages 1251-1282.
    3. Amaia Iza, 2020. "Entrepreneurial Skills, Technological Progress, and Firm Growth," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(4), pages 1374-1402, October.
    4. Hernández Martínez, Pedro Jesús, 2016. "Reassessing the link between firm size and exports," Economics Discussion Papers 2016-25, Kiel Institute for the World Economy.
    5. Amaia Iza, 2016. "Entrepreneurial skills, technological progress and firm growth," EcoMod2016 9469, EcoMod.
    6. Roman Fossati & Heiko Rachinger & Matheus Stivali, 2021. "Extent and potential determinants of resource misallocation: A cross‐sectional study for developing countries," The World Economy, Wiley Blackwell, vol. 44(5), pages 1338-1379, May.
    7. Tamkoc,Mehmet Nazim, 2022. "Bribery, Plant Size and Size Dependent Distortions," Policy Research Working Paper Series 10159, The World Bank.
    8. Mallick, Debdulal & Maqsood, Nabeel, 2022. "Capital-labor substitution and misallocation," MPRA Paper 115090, University Library of Munich, Germany.
    9. Lopez-Martin, Bernabe & Perez-Reyna, David, 2021. "Contracts, firm dynamics, and aggregate productivity," Journal of Economic Dynamics and Control, Elsevier, vol. 130(C).
    10. Manuel García-Santana, 2013. "Foreign Firms, Distribution of Income, and the Welfare of Developing Countries," 2013 Meeting Papers 1044, Society for Economic Dynamics.
    11. Poschke, Markus, 2014. "The Firm Size Distribution across Countries and Skill-Biased Change in Entrepreneurial Technology," IZA Discussion Papers 7991, IZA Network @ LISER.
    12. Julieta Caunedo & Emircan Yurdagul, 2019. "Who Quits Next? Firm Growth In Growing Economies," Economic Inquiry, Western Economic Association International, vol. 57(1), pages 33-49, January.
    13. Jan Hagemejer & Joanna Tyrowicz, 2021. "Structural change and misallocation: Firm‐level evidence from Poland," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 29(1), pages 95-122, January.
    14. Kodila-Tedika, Oasis & Ngunza Maniata, Kevin, 2018. "Financial Constraints and Poverty," MPRA Paper 84839, University Library of Munich, Germany.
    15. Zhang Chen, 2026. "Economic Growth and the Rise of Large Firms," Econometrica, Econometric Society, vol. 94(4), pages 1375-1408, July.
    16. Decarolis, Francesco & Mattera, Gianpiero & Menon, Carlo, 2020. "Delays at the Border: Court Efficiency and Delays in Public Contracts," CEPR Discussion Papers 14856, Centre for Economic Policy Research.
    17. Pedro Gomes & Zoe Kuehn, 2017. "Human capital and the size distribution of firms," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 164-179, October.
    18. Felipe Saffie & Sina Ates, 2016. "Project Heterogeneity and Growth: The Impact of Financial Selection on Firm Entry," 2016 Meeting Papers 1486, Society for Economic Dynamics.

  7. García-Santana, Manuel & Pijoan-Mas, Josep, 2014. "The reservation laws in India and the misallocation of production factors," Journal of Monetary Economics, Elsevier, vol. 66(C), pages 193-209.

    Cited by:

    1. Belloc, Filippo & Lofaro, Antonino, 2026. "Subsidies, new firms, and productivity in global manufacturing," International Journal of Industrial Organization, Elsevier, vol. 104(C).
    2. Boehm, Johannes & Dhingra, Swati & Morrow, John, 2019. "The Comparative Advantage of Firms," CEPR Discussion Papers 13699, Centre for Economic Policy Research.
    3. Diego Restuccia & Richard Rogerson, 2017. "The Causes and Costs of Misallocation," Journal of Economic Perspectives, American Economic Association, vol. 31(3), pages 151-174, Summer.
    4. Nezih Guner & Andrii Parkhomenko & Gustavo Ventura, 2015. "Managers and Productivity Differences," LIS Working papers 634, LIS Cross-National Data Center in Luxembourg.
    5. Tamkoc,Mehmet Nazim & Ventura,Gustavo, 2024. "Rules and Regulations, Managerial Time and Economic Development," Policy Research Working Paper Series 10761, The World Bank.
    6. Shuangjie Li & Huifang E & Liming Wang & Huidan Xue, 2023. "Factor Misallocation and Optimization in China’s Manufacturing Industry," Sustainability, MDPI, vol. 15(5), pages 1-21, February.
    7. Le, Kien, 2020. "Land use restrictions, misallocation in agriculture, and aggregate productivity in Vietnam," Journal of Development Economics, Elsevier, vol. 145(C).
    8. J. David Brown & Matthew Denes & Ran Duchin & John Hackney, 2024. "How Big is Small? The Economic Effects of Access to Small Business Subsidies," Working Papers 24-28, Center for Economic Studies, U.S. Census Bureau.
    9. Joshua Wilde & Ishani Tewari, 2014. "Multiproduct Firms, Product Scope and Productivity: Evidence from India�s Product Reservation Policy," Working Papers 0214, University of South Florida, Department of Economics.
    10. Marcela Eslava & John C. Haltiwanger, 2020. "The Size and Life-cycle Growth of Plants: The Role of Productivity, Demand and Wedges," NBER Working Papers 27184, National Bureau of Economic Research, Inc.
    11. La, Jung Joo, 2024. "The employment effects of corporate income tax and the bargaining power of labor unions," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 243-259.
    12. Roberto Ramos & Manuel García-Santana & Jose Asturias, 2014. "Misallocation, Internal Trade, and the Role of Transportation Infrastructure," 2014 Meeting Papers 1035, Society for Economic Dynamics.
    13. Asturias, Jose & García-Santana, Manuel & Ramos, Roberto, 2016. "Competition and the welfare gains from transportation infrastructure: Evidence from the Golden Quadrilateral of India," CEPR Discussion Papers 11283, Centre for Economic Policy Research.
    14. Enrique Moral-Benito, 2016. "Growing by learning: firm-level evidence on the size-productivity nexus," Working Papers 1613, Banco de España.
    15. Bernabe Lopez-Martin & David Perez-Reyna, 2021. "Contracts, Firm Dynamics, and Aggregate Productivity," Working Papers Central Bank of Chile 910, Central Bank of Chile.
    16. Erosa, Andrés & Fuster, Luisa & Martinez, Tomás R., 2021. "Public financing with financial frictions and underground economy," UC3M Working papers. Economics 32495, Universidad Carlos III de Madrid. Departamento de Economía.
    17. Nihar Shembavnekar, . "Did India’s economic reforms generate jobs? Essays on economic liberalisation, labour market flexibility and employment in the Indian manufacturing sector (1990-2006)," Economics PhD Theses, Department of Economics, University of Sussex Business School, number 0917, December.
    18. Daisuke TSURUTA, 2017. "SME Policies as a Barrier to Growth of SMEs," Discussion papers 17046, Research Institute of Economy, Trade and Industry (RIETI).
    19. Trenczek, Jan & Wacker, Konstantin M., 2023. "Human Capital Misallocation and Output per Worker Differences: Beyond Cobb-Douglas," GLO Discussion Paper Series 1331, Global Labor Organization (GLO).
    20. Schelkle, Thomas, 2017. "Measuring Factor Misallocation: General Methods and Evidence on the Great Recession," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168105, Verein für Socialpolitik / German Economic Association.
    21. Gollin, D. & Udry, C., 2018. "Heterogeneity, Measurement Error, and Misallocation: Evidence from African Agriculture," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277279, International Association of Agricultural Economists.
    22. Natalie Bau & Adrien Matray, 2020. "Misallocation and Capital Market Integration: Evidence from India," Working Papers 2020-31, Princeton University. Economics Department..
    23. Gabriel Smagghue, 2022. "Heterogeneous Policy Distortions and the Labor Share," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 56-79, January.
    24. Sampreet Singh Goraya, 2019. "How does Caste Affect Entrepreneurship? Birth vs Worth," Working Papers 1104, Barcelona School of Economics.
    25. Kaoru Hosono & Masaki Hotei & Daisuke Miyakawa, 2024. "The interaction of a size-dependent tax policy and financial frictions: evidence from a tax reform in Japan," Small Business Economics, Springer, vol. 63(3), pages 1293-1320, October.
    26. Manuel García-Santana, 2013. "Foreign Firms, Distribution of Income, and the Welfare of Developing Countries," 2013 Meeting Papers 1044, Society for Economic Dynamics.
    27. Wenbiao Cai, 2015. "Technology, Policy Distortions and the Rise of Large Farms," Departmental Working Papers 2015-03, The University of Winnipeg, Department of Economics.
    28. Johannes Boehm & Swati Dhingra & John Morrow, 2016. "Swimming upstream: input-output linkages and the direction of product adoption," CEP Discussion Papers dp1407, Centre for Economic Performance, LSE.
    29. Gabriel Smagghue, 2021. "Heterogeneous Policy Distortions and the Labor Share," Working papers 803, Banque de France.
    30. Poschke, Markus, 2014. "The Firm Size Distribution across Countries and Skill-Biased Change in Entrepreneurial Technology," IZA Discussion Papers 7991, IZA Network @ LISER.
    31. Hang, Jing & Zhan, Chaoqun, 2023. "Government procurement and resource misallocation: Evidence from China," Journal of Economic Behavior & Organization, Elsevier, vol. 216(C), pages 568-589.
    32. Manuel García-Santana & Roberto Ramos, 2015. "Distortions and the size distribution of plants: evidence from cross-country data," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 6(3), pages 279-312, August.
    33. Hyunbae Chun & Hailey Hayeon Joo & Jisoo Kang & Soo Hyung Kim, 2023. "Protecting Small-Scale Enterprises: Evidence from the Korean Ready-Mixed Concrete Industry," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 63(1), pages 73-95, August.
    34. Jan Grobovsek, 2016. "Managerial Delegation, Law Enforcement, and Aggregate Productivity," Edinburgh School of Economics Discussion Paper Series 271, Edinburgh School of Economics, University of Edinburgh.
    35. Ghani,Syed Ejaz & Grover,Arti & Kerr,Sari & Kerr,William Robert, 2016. "Will market competition trump gender discrimination in India ?," Policy Research Working Paper Series 7814, The World Bank.
    36. Thomas Schelkle, 2016. "General Methods for Measuring Factor Misallocation," Working Paper Series in Economics 87, University of Cologne, Department of Economics.
    37. Goraya, Sampreet Singh, 2023. "How does caste affect entrepreneurship? birth versus worth," Journal of Monetary Economics, Elsevier, vol. 135(C), pages 116-133.
    38. Kevin Donovan, 2014. "Subsistence Entrepreneurs and Misallocation," 2014 Meeting Papers 771, Society for Economic Dynamics.
    39. Manuel García-Santana & Josep Pijoan-Mas & Lucciano Villacorta, 2016. "Investment Demand and Structural Change," Working Papers wp2016_1605, CEMFI.
    40. Kaoru HOSONO & Miho TAKIZAWA & Kotaro TSURU, 2017. "Size-dependent Policy and Firm Growth," Discussion papers 17070, Research Institute of Economy, Trade and Industry (RIETI).
    41. La, Jung Joo, 2025. "Effect of house prices on marriage: Evidence from Korea," Journal of Asian Economics, Elsevier, vol. 100(C).
    42. Nazim Tamkoc, 2024. "Fading Away Informality by Development," Policy Research Working Paper Series 10956, The World Bank.

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