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in the high-tech industries), and this contributes to explaining the higher productivity of US firms. Conversely, EU …
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reductions due to greater economic integration may have substantial impact on the firms and industries of the countries involved … industries. In this framework, it studies the export behavior of small and medium sized enterprises, adjustments in … specialization and concentration of export, and location of differentiated and high-tech industries. In all cases, it provides …
Persistent link: https://www.econbiz.de/10008938649
This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors,...
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This paper examines whether the economic crisis induced by the COVID-19 pandemic exhibits a Schumpeterian "cleansing" of less productive firms. Using firm-level data for 31 economies, the study finds that less productive firms have a higher probability of permanently closing during the crisis,...
Persistent link: https://www.econbiz.de/10012603612
This paper assesses the productivity puzzle critically and gives an outlook on the COVID-19 crisis. It offers two main conclusions. First, it posits that a large fraction of the productivity puzzle can be solved by incorporating intangible capital into the asset boundary of the national...
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We suppose that the dramatic decline in the European output is more than a cyclical diversion from the potential output. We performed a medium term quantitative analysis combining data based on the production function and growth accounting approach. Our results show that the erosion of the...
Persistent link: https://www.econbiz.de/10012259822