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Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...
Persistent link: https://www.econbiz.de/10011869248
This paper examines the link between barriers to trade and investment and productivity performance, in the United … a robust determinant of productivity in the long term. Control variables such as spending on R&D and human capital also … range of productivity measures as well as to changes in the sectoral coverage and the set of controls. …
Persistent link: https://www.econbiz.de/10012420942
-convergence trap" long before the euro years. We also provide stylised facts on: (i) the central role of total factor productivity in …
Persistent link: https://www.econbiz.de/10011755500
sectoral transformation, and labour productivity growth in the EU in several new dimensions. First, based on the latest data …, we document the size of the negative effect that structural change has exerted onto productivity growth over long time … structural change may have on future productivity growth. This model generates structural change through both price and income …
Persistent link: https://www.econbiz.de/10012670165
-border acquisition, show different productivity levels as compared to those firms that have not been acquired. Our identification … firms' balance sheet for the years 2008-2018. We find that cross-border acquisitions decrease the productivity of the … targeted by acquirers originating in emerging market economies also decrease productivity of high-tech target firms. …
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