Guner, Nezih; Parkhomenko, Andrii; Ventura, Gustavo - 2015
to a reduction in managerial quality of 27% and to a reduction in output of about 7% – more than half of the observed gap …-country variation in output per worker gap with the U.S. … correlated with output per worker. We interpret this evidence through the lens of an equilibrium life-cycle, span …