This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of …

the efficient allocation of resources across firms. I document that a higher availability of credit leads to a decline in … both capital and labor misallocation, suggesting that, when credit is above its trend, the additional funds flowing in the …

productivity, employment generation, and exit rates. We feed these empirical results into an agnostic firm dynamics model to … that substantial gains in aggregate employment and productivity can be made through policies that benefit high …

terms of productivity, employment generation, and exit rates. Feeding these empirical results into an agnostic firm dynamics … startups. We find that substantial gains in aggregate employment and productivity can be reaped through policies that benefit …

productivity, employment generation, and exit rates. We feed these empirical results into an agnostic firm dynamics model to … that substantial gains in aggregate employment and productivity can be made through policies that benefit high …

industries. Over the same period, productivity gains from reallocation accounted for 50% of European productivity growth and … with changes in productivity and allocative efficiency. This holds across most sectors and countries and supports the …

industries. Over the same period, productivity gains from reallocation accounted for 50% of European productivity growth and … with changes in productivity and allocative efficiency. This holds across most sectors and countries and supports the …

Why do cities differ so much in productivity? We document that most of the measured dispersion in productivity across … US cities is spurious and reflects granularity bias: idiosyncratic heterogeneity in plant-level productivity and size …

We use Portuguese firm-level data to investigate whether changes in resource misallocation may have contributed to the …, manufacturing, and services). We find that within-industry misallocation almost doubled between 1996 and 2011. Equalizing total … factor revenue productivity across firms within an industry could have boosted valued-added 48 percent and 79 percent above …