aggregate structural change. Rising manufacturing productivity and falling international trade costs further contribute to the …Using firm-level data from France, we document that the shift of economic activity from manufacturing to services over … manufacturing firms that increasingly locate in suburban and rural areas. Motivated by these findings, we estimate a structural …

We analyse the effects of investment decisions and firms internal organisation on the efficiency and stability of …. We show that often stable mergers do not lead to more e.ciency and may even lead to efficiency losses. These mergers lead … to lower total welfare, suggesting that a regulator should be careful in assuming that possible efficiency gains of a …

), 552-80, to derive a new prediction regarding how the productivity of a firm affects its choice between vertical … robust firm-level evidence from Spain showing that, in line with our prediction, the effect of productivity works more …

higher firm's productivity. …

Many policymakers view power outages as a major constraint on firm productivity in developing countries. Yet empirical … the long-run general-equilibrium effects of power outages on productivity. Outages lower productivity in the model by …

Using a unique plant-level dataset we examine total factor productivity (TFP) growth and its components, related to … efficiency change and technical change. The data we use is from Sweden and for their pulp and paper industry, which is heavily … of firms. Our exercise is innovative as Sweden has a unique regulatory structure where the manufacturing plants have to …

This paper explores the role of public debt and fiscal deficits on factor productivity in an economy with credit market … levels of credit and capital, but also a lower interest rate, lower total factor productivity and output. The model is … deterioration of total factor productivity since more low-productivity firms prefer to remain active at the lower equilibrium …