Cingano, Federico; Leonardi, Marco; Messina, Julián; … - 2009
This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital …-labour substitution, labour productivity and job reallocation in a cross-country framework. In the spirit of Rajan and Zingales (1998) and … Ciccone and Papaioannou (2006), we exploit variation in the need for reallocation at the sectoral and aggregate level to …