time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … similar across industrial countries, post entry performance differs markedly between Europe and the U.S., a potential …

time effects. All countries display a massive reallocation of resources, with the entry and exit of many firms in all … market contestability. There are also large differences across groups of countries. While entry and exit rates are fairly … similar across industrial countries, post entry performance differs markedly between Europe and the U.S., a potential …

hardest hit by the subsequent crisis. We present a model where higher turbulence benefits decentralized firms because the … value of local information and urgent action increases. Since turbulence rises in severe downturns, decentralized firms do … decentralization from US administrative data and 10 OECD countries, we find that firms that delegated more power from the Central …

transition data on individual workers, we document a marked increase in structural change and turbulence, in particular since …

-market frictions and an operative labor supply margin, wherein economic turbulence à la Ljungqvist and Sargent (1998) interact with …

transition data on individual workers, we document a marked increase in structural change and turbulence, in particular since …

surgery, our results suggest positive effects of surgery volumes on survival. In addition, we provide evidence on the …

important impetus to plant survival and employment growth. We also discover some differences in terms of the effectiveness of …