private physical capital per worker. We use a semiparametric analysis, computing Malmquist productivity indexes, and we also …

regulation can be indirectly associated, via its impact on business dynamism, with the somewhat weak productivity performance in …Productivity performance in European countries has been a policy concern for some time. This paper shows that … productivity can be enhanced by product market policies which, by increasing competition and efficiency, facilitate higher rates of …

This study focuses on the employment effect of a hiring subsidy available to firms with less than 50 employees, granted … discontinuity design, estimates show on average 2 percentage points higher employment growth for firms that became eligible for the … scheme. However, tests and complementary regressions suggest that the higher employment growth for smaller firms in 2013 is …

productivity and demographic challenges facing Europe. We study the dynamic, medium-run macroeconomic effects of heatwaves … regions as well as adaptation spending post-event, which lowers regional productivity. …

productivity in advanced and emerging market and developing economies (EMDEs). This paper uses a new method to extract technology … shocks that excludes these influences, resulting in lasting improvements in labor productivity. The same methodology in turn … is used to identify a stylized example of the effects of a demand shock on productivity. Technology innovations are …

We reappraise the relationship between productivity and equilibrium real exchange rates using a panel estimation … role of non-traded, as well as traded, sector productivity shocks in exchange rate determination. We find evidence of … significant correlation between real exchange rates and productivity differentials in both sectors. But our finding of a …

Labor productivity is more procyclical in OECD countries with lower employment volatility. To capture this new stylized … fact, we propose a business cycle model with employment adjustment costs, variable hours and labor effort. We show that, in … our model with variable effort, greater labor market frictions are associated with procyclical labor productivity as well …

persistence typically proceed along two distinct paths, resorting either to the presence of real shocks such as productivity …

benefits (UB) and employment protection legislation (EPL) in the euro area from a Bayesian narrative panel VAR. The approach … activity and employment. In contrast to UB reforms, the effects of EPL reforms on employment emerge only gradually …