facilities in Europe jointly with their output, productivity, and other key economic outcomes. To disentangle the influence of … and productivity do not change suggesting that reductions in emissions follow proportional reductions in output rather … productivity and profits of other facilities and firms owned by the acquiring parent company after a change in ownership. …

examine the mechanism and show that the productivity channel accounted for the observed pattern. Specifically, more efficient …

Labor productivity is more procyclical in OECD countries with lower employment volatility. To capture this new stylized … our model with variable effort, greater labor market frictions are associated with procyclical labor productivity as well … data. By implication, labor market deregulation has a greater effect on the cyclicality of labor productivity and on the …