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Appropriately designed Product Market Regulation (PMR) is essential to enhance productivity, boost economic growth and increase welfare. Regulation is needed to address market failures and guarantee the health and safety of consumers. However, by limiting the entry and expansion of firms, a too...
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This paper explores the link between exports and total factor productivity (TFP) in Brazilian manufacturing firms over … exports significantly, but with stagnant aggregate TFP growth. The authors first estimate firm-level TFP under alternative …). Finally, they test whether exporting boosts firms TFP growth (learning-by-exporting hypothesis) using matching techniques, to …
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We present the first comprehensive set of firm-level total factor productivity (TFP) estimates for China …'s manufacturing sector that spans China's entry into the WTO. For our preferred estimate, which adjusts for a number of potential … creative destruction. Over the entire period, net entry accounts for over two thirds of total TFP growth. In contrast to …
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use a model of monopolistic competition with Cobb-Douglas production and a dataset of Italian manufacturing firms …, suggesting the existence of adjustment frictions. Finally, the degree of under-response is much larger for TFP shocks. This … show that they hamper firms' responses to TFP shocks but not to demand shocks. …
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