A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of only 55% of … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …

the productivity of the economy. Trends in social consumption/GDP, and in fiscal policy, reflected political regime … changes in France, Germany and Italy. …

Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … that commenced around 2005. The successful integration of five million predominantly low-productivity workers into the … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As …

We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of … Marginal Revenue): it is necessary and sufficient for the distributions of productivity and sales to have the same form …

question in the context of a heterogeneous-firm RBC model with persistent firm-level productivity shocks and lumpy capital …

face a fall in output, mark-ups and profits, and the average productivity of survivors increases. These pro … confirmed in an empirical study of the German clothing industry. -- international trade ; firm heterogeneity ; productivity …