This paper provides new evidence on the main characteristics of laggard firms - firms in the bottom 40% of the productivity distribution - and their potential for productivity growth. It finds that laggards are on average younger and smaller than more productive firms, and matter for aggregate...

In this paper, we aim to bring the debate on the global productivity slowdown – which has largely been conducted from a macroeconomic perspective – to a more micro-level. We show that a particularly striking feature of the productivity slowdown is not so much a lower productivity growth at...

Technology Changes our Life -- Paradigms and Hidden Research Strategies -- Technology, Driver of Growth -- Technology Speed and Substitution -- Diffusion of New Technologies -- The Myth of the Pioneer -- Pirates, Pioneers, Innovators and Imitators -- Dominant Design Industry -- Science-Driven...