By using a vector autoregressive model, this paper decomposes labor productivity of the Italian energy sector, into technological and non technological shocks. We take the approach to use economic theory about long-run impacts of different shocks to identify the empirical model, and to measure...

This paper investigates the impact of the interaction between product, labor and financial market imperfections on firms’ investment by using a panel data of European firms over the period 1994-2008. It studies the impact of product and labor market regulations on firm investment and how it...