their managers, and lead to centralization. Using an original dataset of firms in the US and seven European countries we …

of adjustment to these shocks are then compared to the results from US regional data. We find that the underlying shocks … are significantly more idiosyncratic across EC countries than across US regions, which may indicate that the EC will find … neighbors, experience shocks of similar magnitude and cohesion as the US regions. EC countries also exhibit a slower response to …

and the US. Second, it may improve macroeconomic management by increasing the responsiveness of wages and prices to market …

The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that … intensively use information technologies (IT). This has not occurred in Europe. If the US quot;productivity miraclequot; is due to … a natural advantage of being located in the US then we would not expect to see any evidence of it for US establishments …

. This leads us to distinguish an EC "core" (made up of Germany and its immediate neighbors) and an EC periphery (made up of …

(with little effect on low educated workers performing manual non-routine tasks). Using industry level data on the US, Japan …