In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U …

This paper investigates the evolution of aggregate productivity and markups among French manufacturing firms between … 1994 and 2016, by focusing on the role of reallocation with respect to both aggregate measures. Firm-level productivity and … aggregate productivity growth of about 34% over the whole period while aggregate markups are found to remain relatively stable …

knowledge spillovers are unmeasurable, a 'goodness of fit' measure is constructed using innovation survey data. It turns out … that measures of the uncentered correlation of firm characteristics seem to fit actual knowledge spillovers best. Direct …

An establishment can improve its productivity by hiring workers from more productive establishments. Then, how … important is worker reallocation for aggregate productivity growth? To study this question, I develop a general equilibrium … knowledge diffusion mechanism increases the aggregate productivity growth by 0.14 percentage points and enhances welfare …