id sid tid token lemma pos zc77sn03333 1 1 this this DET zc77sn03333 1 2 dissertation dissertation NOUN zc77sn03333 1 3 studies study VERB zc77sn03333 1 4 the the DET zc77sn03333 1 5 role role NOUN zc77sn03333 1 6 of of ADP zc77sn03333 1 7 firm firm ADJ zc77sn03333 1 8 heterogeneity heterogeneity NOUN zc77sn03333 1 9 in in ADP zc77sn03333 1 10 ( ( PUNCT zc77sn03333 1 11 1 1 X zc77sn03333 1 12 ) ) PUNCT zc77sn03333 1 13 explaining explain VERB zc77sn03333 1 14 the the DET zc77sn03333 1 15 impact impact NOUN zc77sn03333 1 16 of of ADP zc77sn03333 1 17 unilateral unilateral ADJ zc77sn03333 1 18 trade trade NOUN zc77sn03333 1 19 liberalization liberalization NOUN zc77sn03333 1 20 on on ADP zc77sn03333 1 21 industry industry NOUN zc77sn03333 1 22 labor labor NOUN zc77sn03333 1 23 productivity productivity NOUN zc77sn03333 1 24 , , PUNCT zc77sn03333 1 25 ( ( PUNCT zc77sn03333 1 26 2 2 X zc77sn03333 1 27 ) ) PUNCT zc77sn03333 1 28 reconciling reconcile VERB zc77sn03333 1 29 micro micro ADJ zc77sn03333 1 30 estimates estimate NOUN zc77sn03333 1 31 that that PRON zc77sn03333 1 32 attribute attribute VERB zc77sn03333 1 33 an an DET zc77sn03333 1 34 important important ADJ zc77sn03333 1 35 effect effect NOUN zc77sn03333 1 36 of of ADP zc77sn03333 1 37 credit credit NOUN zc77sn03333 1 38 constraints constraint NOUN zc77sn03333 1 39 on on ADP zc77sn03333 1 40 export export NOUN zc77sn03333 1 41 collapse collapse NOUN zc77sn03333 1 42 with with ADP zc77sn03333 1 43 macro macro ADJ zc77sn03333 1 44 findings finding NOUN zc77sn03333 1 45 that that SCONJ zc77sn03333 1 46 the the DET zc77sn03333 1 47 impacts impact NOUN zc77sn03333 1 48 are be AUX zc77sn03333 1 49 minimal minimal ADJ zc77sn03333 1 50 , , PUNCT zc77sn03333 1 51 and and CCONJ zc77sn03333 1 52 ( ( PUNCT zc77sn03333 1 53 3 3 X zc77sn03333 1 54 ) ) PUNCT zc77sn03333 1 55 interpreting interpret VERB zc77sn03333 1 56 the the DET zc77sn03333 1 57 relationship relationship NOUN zc77sn03333 1 58 between between ADP zc77sn03333 1 59 firm firm ADJ zc77sn03333 1 60 productivity productivity NOUN zc77sn03333 1 61 and and CCONJ zc77sn03333 1 62 liquidity liquidity NOUN zc77sn03333 1 63 management management NOUN zc77sn03333 1 64 when when SCONJ zc77sn03333 1 65 financing financing NOUN zc77sn03333 1 66 is be AUX zc77sn03333 1 67 costly.the costly.the DET zc77sn03333 1 68 first first ADJ zc77sn03333 1 69 chapter chapter NOUN zc77sn03333 1 70 theoretically theoretically ADV zc77sn03333 1 71 and and CCONJ zc77sn03333 1 72 empirically empirically ADV zc77sn03333 1 73 investigates investigate VERB zc77sn03333 1 74 the the DET zc77sn03333 1 75 impact impact NOUN zc77sn03333 1 76 of of ADP zc77sn03333 1 77 trade trade NOUN zc77sn03333 1 78 liberalization liberalization NOUN zc77sn03333 1 79 on on ADP zc77sn03333 1 80 industry industry NOUN zc77sn03333 1 81 labor labor NOUN zc77sn03333 1 82 productivity productivity NOUN zc77sn03333 1 83 ( ( PUNCT zc77sn03333 1 84 i.e. i.e. X zc77sn03333 1 85 output output NOUN zc77sn03333 1 86 per per ADP zc77sn03333 1 87 worker worker NOUN zc77sn03333 1 88 ) ) PUNCT zc77sn03333 1 89 . . PUNCT zc77sn03333 2 1 applying apply VERB zc77sn03333 2 2 a a DET zc77sn03333 2 3 two two NUM zc77sn03333 2 4 - - PUNCT zc77sn03333 2 5 country country NOUN zc77sn03333 2 6 , , PUNCT zc77sn03333 2 7 two two NUM zc77sn03333 2 8 - - PUNCT zc77sn03333 2 9 industry industry NOUN zc77sn03333 2 10 , , PUNCT zc77sn03333 2 11 two two NUM zc77sn03333 2 12 - - PUNCT zc77sn03333 2 13 factor factor NOUN zc77sn03333 2 14 trade trade NOUN zc77sn03333 2 15 model model NOUN zc77sn03333 2 16 with with ADP zc77sn03333 2 17 firm firm ADJ zc77sn03333 2 18 heterogeneity heterogeneity NOUN zc77sn03333 2 19 , , PUNCT zc77sn03333 2 20 i i PRON zc77sn03333 2 21 show show VERB zc77sn03333 2 22 that that SCONJ zc77sn03333 2 23 the the DET zc77sn03333 2 24 impact impact NOUN zc77sn03333 2 25 of of ADP zc77sn03333 2 26 trade trade NOUN zc77sn03333 2 27 liberalization liberalization NOUN zc77sn03333 2 28 on on ADP zc77sn03333 2 29 industry industry NOUN zc77sn03333 2 30 labor labor NOUN zc77sn03333 2 31 productivity productivity NOUN zc77sn03333 2 32 depends depend VERB zc77sn03333 2 33 on on ADP zc77sn03333 2 34 the the DET zc77sn03333 2 35 structure structure NOUN zc77sn03333 2 36 of of ADP zc77sn03333 2 37 tariff tariff NOUN zc77sn03333 2 38 reductions reduction NOUN zc77sn03333 2 39 . . PUNCT zc77sn03333 3 1 in in ADP zc77sn03333 3 2 particular particular ADJ zc77sn03333 3 3 , , PUNCT zc77sn03333 3 4 a a DET zc77sn03333 3 5 unilateral unilateral ADJ zc77sn03333 3 6 trade trade NOUN zc77sn03333 3 7 liberalization liberalization NOUN zc77sn03333 3 8 in in ADP zc77sn03333 3 9 a a DET zc77sn03333 3 10 labor labor NOUN zc77sn03333 3 11 - - PUNCT zc77sn03333 3 12 abundant abundant ADJ zc77sn03333 3 13 country country NOUN zc77sn03333 3 14 leads lead VERB zc77sn03333 3 15 to to ADP zc77sn03333 3 16 declines decline NOUN zc77sn03333 3 17 in in ADP zc77sn03333 3 18 both both DET zc77sn03333 3 19 industry industry NOUN zc77sn03333 3 20 labor labor NOUN zc77sn03333 3 21 productivity productivity NOUN zc77sn03333 3 22 and and CCONJ zc77sn03333 3 23 the the DET zc77sn03333 3 24 real real ADJ zc77sn03333 3 25 wage wage NOUN zc77sn03333 3 26 . . PUNCT zc77sn03333 4 1 the the DET zc77sn03333 4 2 relative relative ADJ zc77sn03333 4 3 wage wage NOUN zc77sn03333 4 4 , , PUNCT zc77sn03333 4 5 measured measure VERB zc77sn03333 4 6 as as ADP zc77sn03333 4 7 a a DET zc77sn03333 4 8 ratio ratio NOUN zc77sn03333 4 9 of of ADP zc77sn03333 4 10 the the DET zc77sn03333 4 11 real real ADJ zc77sn03333 4 12 wage wage NOUN zc77sn03333 4 13 over over ADP zc77sn03333 4 14 return return NOUN zc77sn03333 4 15 to to ADP zc77sn03333 4 16 capital capital NOUN zc77sn03333 4 17 , , PUNCT zc77sn03333 4 18 also also ADV zc77sn03333 4 19 declines decline VERB zc77sn03333 4 20 when when SCONJ zc77sn03333 4 21 the the DET zc77sn03333 4 22 unilateral unilateral ADJ zc77sn03333 4 23 trade trade NOUN zc77sn03333 4 24 liberalization liberalization NOUN zc77sn03333 4 25 takes take VERB zc77sn03333 4 26 place place NOUN zc77sn03333 4 27 disproportionately disproportionately ADV zc77sn03333 4 28 in in ADP zc77sn03333 4 29 the the DET zc77sn03333 4 30 labor labor NOUN zc77sn03333 4 31 - - PUNCT zc77sn03333 4 32 intensive intensive ADJ zc77sn03333 4 33 sector sector NOUN zc77sn03333 4 34 . . PUNCT zc77sn03333 5 1 i i PRON zc77sn03333 5 2 find find VERB zc77sn03333 5 3 supporting support VERB zc77sn03333 5 4 evidence evidence NOUN zc77sn03333 5 5 of of ADP zc77sn03333 5 6 these these DET zc77sn03333 5 7 predictions prediction NOUN zc77sn03333 5 8 from from ADP zc77sn03333 5 9 the the DET zc77sn03333 5 10 performance performance NOUN zc77sn03333 5 11 of of ADP zc77sn03333 5 12 chinese chinese ADJ zc77sn03333 5 13 manufacturing manufacturing NOUN zc77sn03333 5 14 industries industry NOUN zc77sn03333 5 15 and and CCONJ zc77sn03333 5 16 regional regional ADJ zc77sn03333 5 17 variations variation NOUN zc77sn03333 5 18 following follow VERB zc77sn03333 5 19 china china PROPN zc77sn03333 5 20 's 's PART zc77sn03333 5 21 entry entry NOUN zc77sn03333 5 22 into into ADP zc77sn03333 5 23 the the DET zc77sn03333 5 24 wto.the wto.the DET zc77sn03333 5 25 second second ADJ zc77sn03333 5 26 chapter chapter NOUN zc77sn03333 5 27 provides provide VERB zc77sn03333 5 28 a a DET zc77sn03333 5 29 quantitative quantitative ADJ zc77sn03333 5 30 macro macro NOUN zc77sn03333 5 31 - - NOUN zc77sn03333 5 32 assessment assessment NOUN zc77sn03333 5 33 on on ADP zc77sn03333 5 34 the the DET zc77sn03333 5 35 importance importance NOUN zc77sn03333 5 36 of of ADP zc77sn03333 5 37 credit credit NOUN zc77sn03333 5 38 constraints constraint NOUN zc77sn03333 5 39 in in ADP zc77sn03333 5 40 the the DET zc77sn03333 5 41 collapse collapse NOUN zc77sn03333 5 42 of of ADP zc77sn03333 5 43 export export NOUN zc77sn03333 5 44 during during ADP zc77sn03333 5 45 the the DET zc77sn03333 5 46 great great ADJ zc77sn03333 5 47 recession recession NOUN zc77sn03333 5 48 . . PUNCT zc77sn03333 6 1 i i PRON zc77sn03333 6 2 develop develop VERB zc77sn03333 6 3 and and CCONJ zc77sn03333 6 4 quantify quantify VERB zc77sn03333 6 5 a a DET zc77sn03333 6 6 dynamic dynamic ADJ zc77sn03333 6 7 melitz melitz NOUN zc77sn03333 6 8 model model NOUN zc77sn03333 6 9 that that PRON zc77sn03333 6 10 incorporates incorporate VERB zc77sn03333 6 11 a a DET zc77sn03333 6 12 working work VERB zc77sn03333 6 13 capital capital NOUN zc77sn03333 6 14 constraint constraint NOUN zc77sn03333 6 15 . . PUNCT zc77sn03333 7 1 mapping map VERB zc77sn03333 7 2 the the DET zc77sn03333 7 3 model model NOUN zc77sn03333 7 4 to to ADP zc77sn03333 7 5 chinese chinese ADJ zc77sn03333 7 6 - - PUNCT zc77sn03333 7 7 firm firm NOUN zc77sn03333 7 8 level level NOUN zc77sn03333 7 9 evidence evidence NOUN zc77sn03333 7 10 , , PUNCT zc77sn03333 7 11 i i PRON zc77sn03333 7 12 find find VERB zc77sn03333 7 13 that that SCONJ zc77sn03333 7 14 most most ADJ zc77sn03333 7 15 of of ADP zc77sn03333 7 16 the the DET zc77sn03333 7 17 collapse collapse NOUN zc77sn03333 7 18 in in ADP zc77sn03333 7 19 chinese chinese ADJ zc77sn03333 7 20 exports export NOUN zc77sn03333 7 21 during during ADP zc77sn03333 7 22 the the DET zc77sn03333 7 23 recent recent ADJ zc77sn03333 7 24 global global ADJ zc77sn03333 7 25 financial financial ADJ zc77sn03333 7 26 crisis crisis NOUN zc77sn03333 7 27 was be AUX zc77sn03333 7 28 due due ADJ zc77sn03333 7 29 to to ADP zc77sn03333 7 30 a a DET zc77sn03333 7 31 negative negative ADJ zc77sn03333 7 32 demand demand NOUN zc77sn03333 7 33 shock shock NOUN zc77sn03333 7 34 . . PUNCT zc77sn03333 8 1 two two NUM zc77sn03333 8 2 general general ADJ zc77sn03333 8 3 equilibrium equilibrium NOUN zc77sn03333 8 4 effects effect NOUN zc77sn03333 8 5 , , PUNCT zc77sn03333 8 6 working work VERB zc77sn03333 8 7 through through ADP zc77sn03333 8 8 the the DET zc77sn03333 8 9 aggregate aggregate ADJ zc77sn03333 8 10 exporting exporting NOUN zc77sn03333 8 11 price price NOUN zc77sn03333 8 12 and and CCONJ zc77sn03333 8 13 wage wage NOUN zc77sn03333 8 14 rate rate NOUN zc77sn03333 8 15 , , PUNCT zc77sn03333 8 16 reconcile reconcile PROPN zc77sn03333 8 17 micro micro PROPN zc77sn03333 8 18 estimates estimate NOUN zc77sn03333 8 19 that that PRON zc77sn03333 8 20 attribute attribute VERB zc77sn03333 8 21 an an DET zc77sn03333 8 22 important important ADJ zc77sn03333 8 23 effect effect NOUN zc77sn03333 8 24 of of ADP zc77sn03333 8 25 financial financial ADJ zc77sn03333 8 26 constraints constraint NOUN zc77sn03333 8 27 with with ADP zc77sn03333 8 28 macro macro ADJ zc77sn03333 8 29 findings finding NOUN zc77sn03333 8 30 that that SCONJ zc77sn03333 8 31 the the DET zc77sn03333 8 32 impacts impact NOUN zc77sn03333 8 33 are be AUX zc77sn03333 8 34 minimal.the minimal.the DET zc77sn03333 8 35 third third ADJ zc77sn03333 8 36 chapter chapter NOUN zc77sn03333 8 37 explores explore VERB zc77sn03333 8 38 theoretically theoretically ADV zc77sn03333 8 39 and and CCONJ zc77sn03333 8 40 empirically empirically ADV zc77sn03333 8 41 the the DET zc77sn03333 8 42 relationship relationship NOUN zc77sn03333 8 43 between between ADP zc77sn03333 8 44 firm firm ADJ zc77sn03333 8 45 productivity productivity NOUN zc77sn03333 8 46 and and CCONJ zc77sn03333 8 47 liquidity liquidity NOUN zc77sn03333 8 48 management management NOUN zc77sn03333 8 49 in in ADP zc77sn03333 8 50 the the DET zc77sn03333 8 51 presence presence NOUN zc77sn03333 8 52 of of ADP zc77sn03333 8 53 financial financial ADJ zc77sn03333 8 54 frictions friction NOUN zc77sn03333 8 55 . . PUNCT zc77sn03333 9 1 we we PRON zc77sn03333 9 2 build build VERB zc77sn03333 9 3 a a DET zc77sn03333 9 4 dynamic dynamic ADJ zc77sn03333 9 5 investment investment NOUN zc77sn03333 9 6 model model NOUN zc77sn03333 9 7 and and CCONJ zc77sn03333 9 8 show show VERB zc77sn03333 9 9 that that SCONJ zc77sn03333 9 10 , , PUNCT zc77sn03333 9 11 counter counter ADV zc77sn03333 9 12 to to ADP zc77sn03333 9 13 basic basic ADJ zc77sn03333 9 14 economic economic ADJ zc77sn03333 9 15 intuition intuition NOUN zc77sn03333 9 16 , , PUNCT zc77sn03333 9 17 more more ADV zc77sn03333 9 18 productive productive ADJ zc77sn03333 9 19 firms firm NOUN zc77sn03333 9 20 could could AUX zc77sn03333 9 21 demand demand VERB zc77sn03333 9 22 less less ADJ zc77sn03333 9 23 capital capital NOUN zc77sn03333 9 24 assets asset NOUN zc77sn03333 9 25 and and CCONJ zc77sn03333 9 26 hold hold VERB zc77sn03333 9 27 more more ADJ zc77sn03333 9 28 liquid liquid ADJ zc77sn03333 9 29 assets asset NOUN zc77sn03333 9 30 compared compare VERB zc77sn03333 9 31 to to ADP zc77sn03333 9 32 less less ADV zc77sn03333 9 33 productive productive ADJ zc77sn03333 9 34 firms firm NOUN zc77sn03333 9 35 when when SCONJ zc77sn03333 9 36 financing financing NOUN zc77sn03333 9 37 costs cost NOUN zc77sn03333 9 38 are be AUX zc77sn03333 9 39 sufficiently sufficiently ADV zc77sn03333 9 40 high high ADJ zc77sn03333 9 41 . . PUNCT zc77sn03333 10 1 we we PRON zc77sn03333 10 2 empirically empirically ADV zc77sn03333 10 3 test test VERB zc77sn03333 10 4 this this DET zc77sn03333 10 5 prediction prediction NOUN zc77sn03333 10 6 using use VERB zc77sn03333 10 7 a a DET zc77sn03333 10 8 comprehensive comprehensive ADJ zc77sn03333 10 9 dataset dataset NOUN zc77sn03333 10 10 of of ADP zc77sn03333 10 11 chinese chinese ADJ zc77sn03333 10 12 manufacturers manufacturer NOUN zc77sn03333 10 13 and and CCONJ zc77sn03333 10 14 find find VERB zc77sn03333 10 15 that that SCONJ zc77sn03333 10 16 more more ADV zc77sn03333 10 17 productive productive ADJ zc77sn03333 10 18 firms firm NOUN zc77sn03333 10 19 indeed indeed ADV zc77sn03333 10 20 hold hold VERB zc77sn03333 10 21 less less ADJ zc77sn03333 10 22 capital capital NOUN zc77sn03333 10 23 and and CCONJ zc77sn03333 10 24 more more ADJ zc77sn03333 10 25 cash cash NOUN zc77sn03333 10 26 . . PUNCT zc77sn03333 11 1 we we PRON zc77sn03333 11 2 do do AUX zc77sn03333 11 3 not not PART zc77sn03333 11 4 , , PUNCT zc77sn03333 11 5 however however ADV zc77sn03333 11 6 , , PUNCT zc77sn03333 11 7 observe observe VERB zc77sn03333 11 8 this this PRON zc77sn03333 11 9 for for ADP zc77sn03333 11 10 u.s u.s PROPN zc77sn03333 11 11 . . PROPN zc77sn03333 11 12 manufacturers manufacturer NOUN zc77sn03333 11 13 . . PUNCT zc77sn03333 12 1 our our PRON zc77sn03333 12 2 study study NOUN zc77sn03333 12 3 suggests suggest VERB zc77sn03333 12 4 a a DET zc77sn03333 12 5 larger large ADJ zc77sn03333 12 6 capital capital NOUN zc77sn03333 12 7 misallocation misallocation NOUN zc77sn03333 12 8 problem problem NOUN zc77sn03333 12 9 in in ADP zc77sn03333 12 10 markets market NOUN zc77sn03333 12 11 with with ADP zc77sn03333 12 12 significant significant ADJ zc77sn03333 12 13 financing financing NOUN zc77sn03333 12 14 frictions friction NOUN zc77sn03333 12 15 than than SCONJ zc77sn03333 12 16 previously previously ADV zc77sn03333 12 17 documented document VERB zc77sn03333 12 18 . . PUNCT