Misallocation of resources across firms leads to lower aggregate productivity. In this paper, we provide new estimates of manufacturing productivity differences across countries and establish by how much they would be reduced if such misallocation were eliminated. Using World Bank survey data...

Economic Growth in Europe A Comparative Industry Perspective MARCEL P. TIMMER ROBERT INKLAAR MARY O'MAHONY BART VAN ARK CAMBRIDGE UNIVERSITY PRESS Contents List of figures page vii List of tables ...