Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have a positive effect on employment rates, after controlling for institutional variables and country-specific effects. Among such policies, direct subsidies for job creation were the most effective....

This paper investigates how changes in industries funding costs affect total factor productivity (TFP) growth. Based on panel regressions using data for U.S. and Canadian industries and industries dependence on external funding as an identification mechanism, we show that increases in the cost...