Escribano, Álvaro; Stucchi, Rodolfo - In: Journal of Productivity Analysis 41 (2014) 3, pp. 339-349
This paper provides evidence on the effect of recessions and expansions on the productivity growth rate of productivity leaders and followers. We use data of a representative sample of the Spanish manufacturing sector for the period 1991 and 2005. These data allow us to estimate firm level...