Measures of institutional quality are strong predictors of cross-country differences in income and productivity. The … efficient allocation of production factors across firms. In this study, we measure the effect of bureaucracy, labor regulations …, family management and financial frictions on input misallocation across firms using a unique dataset that combines firm …

key driver of productivity gains. Since distortions preventing misallocation can be driven by institutional obstacles …One of the key determinants of potential growth are productivity gains. Total factor productivity (TFP) differences are … the main determinant of per capita income differences between countries. A key factor to understand TFP is misallocation …

study how the earnings distribution changes with distortions that penalize high-productivity firms and frictions that reduce … much firms are willing to pay workers, how well high-skill workers are matched with high-productivity firms, and how much …

-lasting depression in aggregate productivity. Second, within-industry misallocation cannot account for the drop in TFP. Third, the entry …This paper argues that the fall and persistently low level of UK Total Factor Productivity (TFP) following the Great … Recession was caused by the turnover (entry and exit) of firms, rather than by resource misallocation between firms within …

This paper employs a nonparametric approach to investigate the sources of growth in labor productivity for 77 countries … and to decompose it in the following three components: (1) total factor productivity; (2) capital deepening; and (3 …

Employment protection affects aggregate productivity via several channels in potentially contradicting ways, which … makes it difficult to establish the relationship between the two. This study focuses on the misallocation of production … factors across plants, which has been shown in past studies to substantially reduce aggregate productivity. The study provides …