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This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that...
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This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in …
Persistent link: https://www.econbiz.de/10010199422
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There is a prevalent view outside Greece that promotion of competitiveness is tantamount with price reductions for Greek goods and services. Massive horizontal salary cuts appear, at first, to promote competitiveness by reducing unit labor costs and to reduce fiscal deficits by reducing the wage...
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-side channel: capital, labor, and productivity, with the last estimated using the stochastic frontier approach. By controlling for …
Persistent link: https://www.econbiz.de/10012230763
establishment productivity and markups. The elimination of local barriers that were inconsistent with national legislation was the …. The paper finds that the elimination of subnational barriers to entry boosted the (revenue) productivity of establishments … raise the establishments' markups, which, if anything, declined, suggesting that physical productivity improved. The paper …
Persistent link: https://www.econbiz.de/10012004769