Using a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competit

Changes in the dynamics of economic activities since the last decades of the 20th century have yielded major changes in the composition of industries and the di

This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implica