market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending … interpretation of the evidence on competition is that there is an initial move by firms into niches to exploit local market power …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

This paper examines the impact of employment protection legislation on productivity in the OECD, using annual cross …-country aggregate data on the degree of regulations and industry-level data on productivity from 1982 to 2003. We adopt a difference …-in-differences framework, which exploits likely differences in the productivity effect of dismissal regulations in different industries. Our …

The Slovenian transition represents a slow but steady liberalization of constraints on competition. Using a unique … of atypically rapid growth of total factor productivity (TFP) relative to levels in OECD countries, and that the rise in … as surviving firms, prove to be the major source of TFP gains. Market competition from new entrants, foreign-owned firms …

The aim of this study is to investigate the relationship between a firm's R&D activities and its productivity using a …'s productivity, with an overall elasticity of about 0.125; this general result is largely consistent with previous literature in … impact on productivity of their R&D investments, at least as regards top European R&D investors. …

The literature has pointed to different causes to explain the productivity gap between Europe and United States in the … last decades. This paper tests the hypothesis that the lower European productivity performance in comparison with the US …&D investment into productivity gains. The proposed microeconometric estimates are based on a unique longitudinal database covering …

establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … in productivity is not innocuous: it leads to a doubling of the welfare cost of inflation. …We analyze the welfare cost of inflation in a model with cash-in-advance constraints and an endogenous distribution of …

An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is … presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of … movements in unemployment, import prices, tax rates and productivity is dampened, both on impact and dynamically. In contrast …