shedding. We also find that after factor market deregulation in Colombia in 1991, factor adjustment hazards increased on the … would yield a substantial increase in aggregate productivity through improved allocative efficiency. Yet, the actual impact … of the Colombian deregulation on aggregate productivity through factor adjustment was modest …

This paper analyzes the timing, pace and efficiency of the on- going job reallocation that results from product and …. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis … policies can restore economic efficiency …