Over recent decades, most of the world’s industrialized economies have been experiencing
a series of related phenomena that challenge common economic understanding and
theories. The most noteworthy are: (i) productivity slowdown and secular stagnation; (ii)
increased product market concentration; (iii) increasing within-country wage inequalities;
(iv) the decline of the labor share of income; (v) the rise of superstar firms (Autor, et al.
2017); (VI) Market distortions on the factor markets (De Loecker and Eeeckout, 2018).
The objective of the course is to provide student with a series of techniques that allows for
the identification of various forces regarding the structuring of markets, industry churning,
firm learning, productivity, product market power and labor market power. Although
present in the data, these dimensions cannot be revealed immediately without the use of
adequate statistical techniques and the mobilization of specific models.
The coverage of the course is to link theory with empirical evidence, to detect the microsources
of aggregate growth based on the manipulation fine-grained (simulated) datasets
and to exploit heterogeneity in the data.