Using Italian data that includes both inflation forecasts of firms and external information on their balance sheets, we … study the causal effect of changes in the dispersion of beliefs about future inflation on the misallocation of resources. We … find that as disagreement increases, so does misallocation. In times of low inflation, the aggregate TFP loss of the …

How do economic reforms affect resource reallocation processes and their contributions to productivity growth? This … input index with annual industrial census data from 1985 to 2001, we find that Soviet Russia displayed low reallocation … rates that bore little relationship to relative labor and multifactor productivity across firms. Since reforms began …

How do economic policies and institutions affect job reallocation processes and their consequences for productivity … little relationship to relative productivity across firms and sectors. Since liberalization began, the pace, heterogeneity …, and productivity effects of job flows have increased substantially. The increases occurred more quickly in rapidly …

values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …

data on market sector productivity, R&D and non-R&D intangible assets, and public sector R&D spending. We look for evidence … or defence R&D. Our findings tentatively suggest that for maximum market sector productivity impact government innovation …

productivity and convergence. The potential existence of geographical spillovers of human capital is also considered by applying … of human capital on regional productivity and convergence, but reveals no evidence of any positive geographical …

studies conducted so far focus alone on the productivity effects of offshoring at the firm level. Here I carry out the … analysis of both the employment and productivity effects at the aggregate level of the industry, covering the years 1980 …. On the other hand, positive effects on the growth rate of productivity are found as a result of both types of offshoring …

total factor productivity and by the capital stock per capita. These variables suffice to calculate welfare changes within a … the degree of market competition. It applies to open economies as well, if total factor productivity is constructed using … productivity be constructed with prices and quantities as perceived by consumers, not firms. Thus, factor shares need to be …

the 1980s, Ukrainian job reallocation in the 1990s was clearly productivity-enhancing, both within and across industries … to which it has contributed to aggregate productivity growth. …