id sid tid token lemma pos mc87pn92t6s 1 1 in in ADP mc87pn92t6s 1 2 the the DET mc87pn92t6s 1 3 first first ADJ mc87pn92t6s 1 4 chapter chapter NOUN mc87pn92t6s 1 5 , , PUNCT mc87pn92t6s 1 6 i i PRON mc87pn92t6s 1 7 estimate estimate VERB mc87pn92t6s 1 8 the the DET mc87pn92t6s 1 9 toughness toughness NOUN mc87pn92t6s 1 10 of of ADP mc87pn92t6s 1 11 local local ADJ mc87pn92t6s 1 12 competition competition NOUN mc87pn92t6s 1 13 over over ADP mc87pn92t6s 1 14 time time NOUN mc87pn92t6s 1 15 . . PUNCT mc87pn92t6s 2 1 to to PART mc87pn92t6s 2 2 derive derive VERB mc87pn92t6s 2 3 this this DET mc87pn92t6s 2 4 estimate estimate NOUN mc87pn92t6s 2 5 , , PUNCT mc87pn92t6s 2 6 i i PRON mc87pn92t6s 2 7 extend extend VERB mc87pn92t6s 2 8 a a DET mc87pn92t6s 2 9 generalized generalize VERB mc87pn92t6s 2 10 monopolistic monopolistic ADJ mc87pn92t6s 2 11 competition competition NOUN mc87pn92t6s 2 12 model model NOUN mc87pn92t6s 2 13 with with ADP mc87pn92t6s 2 14 variable variable ADJ mc87pn92t6s 2 15 markups markup NOUN mc87pn92t6s 2 16 . . PUNCT mc87pn92t6s 3 1 this this DET mc87pn92t6s 3 2 model model NOUN mc87pn92t6s 3 3 generates generate VERB mc87pn92t6s 3 4 insights insight NOUN mc87pn92t6s 3 5 that that PRON mc87pn92t6s 3 6 allow allow VERB mc87pn92t6s 3 7 me i PRON mc87pn92t6s 3 8 to to PART mc87pn92t6s 3 9 measure measure VERB mc87pn92t6s 3 10 competition competition NOUN mc87pn92t6s 3 11 as as ADP mc87pn92t6s 3 12 the the DET mc87pn92t6s 3 13 sensitivity sensitivity NOUN mc87pn92t6s 3 14 of of ADP mc87pn92t6s 3 15 weighted weight VERB mc87pn92t6s 3 16 - - PUNCT mc87pn92t6s 3 17 average average NOUN mc87pn92t6s 3 18 markup markup NOUN mc87pn92t6s 3 19 to to ADP mc87pn92t6s 3 20 changes change NOUN mc87pn92t6s 3 21 in in ADP mc87pn92t6s 3 22 the the DET mc87pn92t6s 3 23 number number NOUN mc87pn92t6s 3 24 of of ADP mc87pn92t6s 3 25 competitors competitor NOUN mc87pn92t6s 3 26 using use VERB mc87pn92t6s 3 27 directly directly ADV mc87pn92t6s 3 28 observable observable ADJ mc87pn92t6s 3 29 variables variable NOUN mc87pn92t6s 3 30 . . PUNCT mc87pn92t6s 4 1 i i PRON mc87pn92t6s 4 2 then then ADV mc87pn92t6s 4 3 use use VERB mc87pn92t6s 4 4 confidential confidential ADJ mc87pn92t6s 4 5 census census NOUN mc87pn92t6s 4 6 data datum NOUN mc87pn92t6s 4 7 from from ADP mc87pn92t6s 4 8 1997 1997 NUM mc87pn92t6s 4 9 to to ADP mc87pn92t6s 4 10 2016 2016 NUM mc87pn92t6s 4 11 for for ADP mc87pn92t6s 4 12 the the DET mc87pn92t6s 4 13 empirical empirical ADJ mc87pn92t6s 4 14 estimation estimation NOUN mc87pn92t6s 4 15 , , PUNCT mc87pn92t6s 4 16 which which PRON mc87pn92t6s 4 17 shows show VERB mc87pn92t6s 4 18 that that SCONJ mc87pn92t6s 4 19 local local ADJ mc87pn92t6s 4 20 competition competition NOUN mc87pn92t6s 4 21 in in ADP mc87pn92t6s 4 22 the the DET mc87pn92t6s 4 23 u.s u.s PROPN mc87pn92t6s 4 24 . . PROPN mc87pn92t6s 4 25 has have AUX mc87pn92t6s 4 26 decreased decrease VERB mc87pn92t6s 4 27 on on ADP mc87pn92t6s 4 28 average average ADJ mc87pn92t6s 4 29 in in ADP mc87pn92t6s 4 30 non non ADJ mc87pn92t6s 4 31 - - ADJ mc87pn92t6s 4 32 tradable tradable ADJ mc87pn92t6s 4 33 industries industry NOUN mc87pn92t6s 4 34 during during ADP mc87pn92t6s 4 35 this this DET mc87pn92t6s 4 36 time time NOUN mc87pn92t6s 4 37 period.in period.in X mc87pn92t6s 4 38 my my PRON mc87pn92t6s 4 39 second second ADJ mc87pn92t6s 4 40 essay essay NOUN mc87pn92t6s 4 41 , , PUNCT mc87pn92t6s 4 42 i i PRON mc87pn92t6s 4 43 study study VERB mc87pn92t6s 4 44 the the DET mc87pn92t6s 4 45 effect effect NOUN mc87pn92t6s 4 46 of of ADP mc87pn92t6s 4 47 the the DET mc87pn92t6s 4 48 recent recent ADJ mc87pn92t6s 4 49 increase increase NOUN mc87pn92t6s 4 50 in in ADP mc87pn92t6s 4 51 productivity productivity NOUN mc87pn92t6s 4 52 dispersion dispersion NOUN mc87pn92t6s 4 53 on on ADP mc87pn92t6s 4 54 aggregate aggregate ADJ mc87pn92t6s 4 55 tfp tfp PROPN mc87pn92t6s 4 56 . . PUNCT mc87pn92t6s 5 1 i i PRON mc87pn92t6s 5 2 hypothesize hypothesize VERB mc87pn92t6s 5 3 that that SCONJ mc87pn92t6s 5 4 rising rise VERB mc87pn92t6s 5 5 revenue revenue NOUN mc87pn92t6s 5 6 productivity productivity NOUN mc87pn92t6s 5 7 dispersion dispersion NOUN mc87pn92t6s 5 8 results result VERB mc87pn92t6s 5 9 from from ADP mc87pn92t6s 5 10 rising rise VERB mc87pn92t6s 5 11 technical technical ADJ mc87pn92t6s 5 12 productivity productivity NOUN mc87pn92t6s 5 13 dispersion dispersion NOUN mc87pn92t6s 5 14 . . PUNCT mc87pn92t6s 6 1 i i PRON mc87pn92t6s 6 2 quantitatively quantitatively ADV mc87pn92t6s 6 3 evaluate evaluate VERB mc87pn92t6s 6 4 the the DET mc87pn92t6s 6 5 consequences consequence NOUN mc87pn92t6s 6 6 of of ADP mc87pn92t6s 6 7 such such ADJ mc87pn92t6s 6 8 changes change NOUN mc87pn92t6s 6 9 using use VERB mc87pn92t6s 6 10 a a DET mc87pn92t6s 6 11 calibrated calibrate VERB mc87pn92t6s 6 12 oligopolistic oligopolistic ADJ mc87pn92t6s 6 13 competition competition NOUN mc87pn92t6s 6 14 model model NOUN mc87pn92t6s 6 15 , , PUNCT mc87pn92t6s 6 16 in in ADP mc87pn92t6s 6 17 which which PRON mc87pn92t6s 6 18 markups markup NOUN mc87pn92t6s 6 19 endogenously endogenously ADV mc87pn92t6s 6 20 respond respond VERB mc87pn92t6s 6 21 to to ADP mc87pn92t6s 6 22 productivity productivity NOUN mc87pn92t6s 6 23 dispersion dispersion NOUN mc87pn92t6s 6 24 and and CCONJ mc87pn92t6s 6 25 lead lead VERB mc87pn92t6s 6 26 to to ADP mc87pn92t6s 6 27 misallocation misallocation NOUN mc87pn92t6s 6 28 . . PUNCT mc87pn92t6s 7 1 by by ADP mc87pn92t6s 7 2 first first ADV mc87pn92t6s 7 3 calibrating calibrate VERB mc87pn92t6s 7 4 the the DET mc87pn92t6s 7 5 model model NOUN mc87pn92t6s 7 6 to to ADP mc87pn92t6s 7 7 the the DET mc87pn92t6s 7 8 u.s u.s PROPN mc87pn92t6s 7 9 . . PROPN mc87pn92t6s 7 10 manufacturing manufacturing NOUN mc87pn92t6s 7 11 sector sector NOUN mc87pn92t6s 7 12 in in ADP mc87pn92t6s 7 13 1997 1997 NUM mc87pn92t6s 7 14 , , PUNCT mc87pn92t6s 7 15 then then ADV mc87pn92t6s 7 16 feeding feed VERB mc87pn92t6s 7 17 in in ADP mc87pn92t6s 7 18 the the DET mc87pn92t6s 7 19 observed observed ADJ mc87pn92t6s 7 20 trend trend NOUN mc87pn92t6s 7 21 in in ADP mc87pn92t6s 7 22 revenue revenue NOUN mc87pn92t6s 7 23 productivity productivity NOUN mc87pn92t6s 7 24 dispersion dispersion NOUN mc87pn92t6s 7 25 , , PUNCT mc87pn92t6s 7 26 aggregate aggregate ADJ mc87pn92t6s 7 27 tfp tfp PROPN mc87pn92t6s 7 28 initially initially ADV mc87pn92t6s 7 29 increases increase VERB mc87pn92t6s 7 30 then then ADV mc87pn92t6s 7 31 declines decline NOUN mc87pn92t6s 7 32 when when SCONJ mc87pn92t6s 7 33 revenue revenue NOUN mc87pn92t6s 7 34 productivity productivity NOUN mc87pn92t6s 7 35 dispersion dispersion NOUN mc87pn92t6s 7 36 is be AUX mc87pn92t6s 7 37 1.47 1.47 NUM mc87pn92t6s 7 38 times time NOUN mc87pn92t6s 7 39 the the DET mc87pn92t6s 7 40 1997 1997 NUM mc87pn92t6s 7 41 level level NOUN mc87pn92t6s 7 42 . . PUNCT mc87pn92t6s 8 1 then then ADV mc87pn92t6s 8 2 i i PRON mc87pn92t6s 8 3 provide provide VERB mc87pn92t6s 8 4 evidence evidence NOUN mc87pn92t6s 8 5 in in ADP mc87pn92t6s 8 6 support support NOUN mc87pn92t6s 8 7 of of ADP mc87pn92t6s 8 8 the the DET mc87pn92t6s 8 9 initial initial ADJ mc87pn92t6s 8 10 hypothesis hypothesis NOUN mc87pn92t6s 8 11 that that SCONJ mc87pn92t6s 8 12 it it PRON mc87pn92t6s 8 13 is be AUX mc87pn92t6s 8 14 the the DET mc87pn92t6s 8 15 rise rise NOUN mc87pn92t6s 8 16 in in ADP mc87pn92t6s 8 17 true true ADJ mc87pn92t6s 8 18 productivity productivity NOUN mc87pn92t6s 8 19 dispersion dispersion NOUN mc87pn92t6s 8 20 as as SCONJ mc87pn92t6s 8 21 opposed oppose VERB mc87pn92t6s 8 22 to to ADP mc87pn92t6s 8 23 a a DET mc87pn92t6s 8 24 rise rise NOUN mc87pn92t6s 8 25 in in ADP mc87pn92t6s 8 26 wedges wedge NOUN mc87pn92t6s 8 27 which which PRON mc87pn92t6s 8 28 has have AUX mc87pn92t6s 8 29 led lead VERB mc87pn92t6s 8 30 to to ADP mc87pn92t6s 8 31 higher high ADJ mc87pn92t6s 8 32 revenue revenue NOUN mc87pn92t6s 8 33 productivity productivity NOUN mc87pn92t6s 8 34 dispersion dispersion NOUN mc87pn92t6s 8 35 in in ADP mc87pn92t6s 8 36 recent recent ADJ mc87pn92t6s 8 37 decades decade NOUN mc87pn92t6s 8 38 . . PUNCT mc87pn92t6s 9 1 in in ADP mc87pn92t6s 9 2 the the DET mc87pn92t6s 9 3 third third ADJ mc87pn92t6s 9 4 chapter chapter NOUN mc87pn92t6s 9 5 , , PUNCT mc87pn92t6s 9 6 i i PRON mc87pn92t6s 9 7 study study VERB mc87pn92t6s 9 8 firm firm ADJ mc87pn92t6s 9 9 dynamics dynamic NOUN mc87pn92t6s 9 10 in in ADP mc87pn92t6s 9 11 a a DET mc87pn92t6s 9 12 developing develop VERB mc87pn92t6s 9 13 country country NOUN mc87pn92t6s 9 14 context context NOUN mc87pn92t6s 9 15 . . PUNCT mc87pn92t6s 10 1 specifically specifically ADV mc87pn92t6s 10 2 , , PUNCT mc87pn92t6s 10 3 i i PRON mc87pn92t6s 10 4 estimate estimate VERB mc87pn92t6s 10 5 a a DET mc87pn92t6s 10 6 reduced reduce VERB mc87pn92t6s 10 7 form form NOUN mc87pn92t6s 10 8 model model NOUN mc87pn92t6s 10 9 that that PRON mc87pn92t6s 10 10 shows show VERB mc87pn92t6s 10 11 how how SCONJ mc87pn92t6s 10 12 firms firm NOUN mc87pn92t6s 10 13 adjust adjust VERB mc87pn92t6s 10 14 their their PRON mc87pn92t6s 10 15 factors factor NOUN mc87pn92t6s 10 16 of of ADP mc87pn92t6s 10 17 production production NOUN mc87pn92t6s 10 18 to to ADP mc87pn92t6s 10 19 shocks shock NOUN mc87pn92t6s 10 20 of of ADP mc87pn92t6s 10 21 different different ADJ mc87pn92t6s 10 22 duration duration NOUN mc87pn92t6s 10 23 . . PUNCT mc87pn92t6s 11 1 using use VERB mc87pn92t6s 11 2 this this DET mc87pn92t6s 11 3 model model NOUN mc87pn92t6s 11 4 , , PUNCT mc87pn92t6s 11 5 i i PRON mc87pn92t6s 11 6 show show VERB mc87pn92t6s 11 7 that that SCONJ mc87pn92t6s 11 8 there there PRON mc87pn92t6s 11 9 are be VERB mc87pn92t6s 11 10 asymmetric asymmetric ADJ mc87pn92t6s 11 11 responses response NOUN mc87pn92t6s 11 12 of of ADP mc87pn92t6s 11 13 labor labor NOUN mc87pn92t6s 11 14 and and CCONJ mc87pn92t6s 11 15 capital capital NOUN mc87pn92t6s 11 16 to to ADP mc87pn92t6s 11 17 different different ADJ mc87pn92t6s 11 18 types type NOUN mc87pn92t6s 11 19 of of ADP mc87pn92t6s 11 20 shocks shock NOUN mc87pn92t6s 11 21 . . PUNCT mc87pn92t6s 12 1 firms firm NOUN mc87pn92t6s 12 2 increase increase VERB mc87pn92t6s 12 3 employment employment NOUN mc87pn92t6s 12 4 growth growth NOUN mc87pn92t6s 12 5 and and CCONJ mc87pn92t6s 12 6 reduce reduce VERB mc87pn92t6s 12 7 capital capital NOUN mc87pn92t6s 12 8 growth growth NOUN mc87pn92t6s 12 9 when when SCONJ mc87pn92t6s 12 10 being be AUX mc87pn92t6s 12 11 hit hit VERB mc87pn92t6s 12 12 with with ADP mc87pn92t6s 12 13 transitory transitory ADJ mc87pn92t6s 12 14 shocks shock NOUN mc87pn92t6s 12 15 and and CCONJ mc87pn92t6s 12 16 vice vice NOUN mc87pn92t6s 12 17 versa versa NOUN mc87pn92t6s 12 18 with with ADP mc87pn92t6s 12 19 permanent permanent ADJ mc87pn92t6s 12 20 shocks shock NOUN mc87pn92t6s 12 21 . . PUNCT mc87pn92t6s 13 1 this this DET mc87pn92t6s 13 2 finding finding NOUN mc87pn92t6s 13 3 seems seem VERB mc87pn92t6s 13 4 to to PART mc87pn92t6s 13 5 make make VERB mc87pn92t6s 13 6 sense sense NOUN mc87pn92t6s 13 7 in in ADP mc87pn92t6s 13 8 a a DET mc87pn92t6s 13 9 developing develop VERB mc87pn92t6s 13 10 country country NOUN mc87pn92t6s 13 11 context context NOUN mc87pn92t6s 13 12 , , PUNCT mc87pn92t6s 13 13 where where SCONJ mc87pn92t6s 13 14 firms firm NOUN mc87pn92t6s 13 15 face face VERB mc87pn92t6s 13 16 loose loose ADJ mc87pn92t6s 13 17 labor labor NOUN mc87pn92t6s 13 18 regulations regulation NOUN mc87pn92t6s 13 19 and and CCONJ mc87pn92t6s 13 20 binding bind VERB mc87pn92t6s 13 21 financial financial ADJ mc87pn92t6s 13 22 constraints constraint NOUN mc87pn92t6s 13 23 . . PUNCT