This paper uses index number theory to disentangle changes in aggregate retail interest rates due to changes in …"), on the basis of the "difference" index numbers recently revisited by Diewert (2005). The paper, first discusses the … optimal calculation of a binary index using axiomatic index number theory; on that basis, chain and direct indices are …

The study aims at describing productivity growth in the manufacturing sector for a selected panel of five European … countries using firm-level data. The paper explores the empirical regularities of firm productivity distribution across … countries. In particular, we assess the degree of persistence of firm relative productivity and consider its effect on aggregate …

We study the relation between firms financial structure, access to external finance and labor productivity using a … to estimate the direct impact of access to finance to firm-level productivity. We find negative and significant effects … opposed to Germany and Netherlands, countries like Italy and Portugal are the most affected by financial constraints, with an …

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 … churning, in turn, appears to be positively related to higher total factor productivity at the sector level by facilitating the …

We use an industrial organisation approach to quantify the size of Total Factor Productivity Growth (TFPG) for euro … period. In addition, we observe that Total Factor Productivity growth for the median euro area bank decreased from around 2 …. Given the need to boost productivity and enhance profitability in the euro area banking sector, these findings suggests that …

analysis of automobile prices in Italy during the period 1988-1998 …