The first aim of this paper is to decompose the productivity advantage of foreign multinationals into two components … two components of productivity growth. We do so by analyzing the effects of an acquisition of a domestic establishment by … emerge: (i) any positive impact of ownership change is predominantly due to change in technical efficiency, not scale effects …

What determines the enforcement of deregulation reform of business activities? What are the outcomes of deregulation … variation. 2) The enforcement of deregulation reform was better in regions with a transparent government, low corruption, better … exogenous variation in regulation generated by the interaction of reform and its institutional determinants, we find a …

aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous … policy shocks such as deregulation. More generally, we demonstrate that product switching gives rise to a richer set of …

efficiency, taking into account the regulatory changes that have affected the European airline industry. We construct and …

shows that taxpayers are the main losers as subsidies are still needed. There are also serious efficiency-equity trade …

States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies … productivity grows less due to larger mismatch. The model can be used to address a number of normative issues. …

Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …

Do firms have the right incentives to innovate in the presence of productivity spillovers? This paper proposes an …-term wage contracts with their workers, productivity spillovers are fully internalized. If firms cannot commit to long-term wage …