A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … west German per capita level, and convergence seems to have come to a halt at an overall labor productivity of only 55% of … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …

markets. Deregulation has been accompanied by substantial market consolidation and today the three largest companies control … more than one-third of all U.S. nuclear capacity. We find that deregulation and consolidation are associated with a 10 …

evaluate the effects of these reforms we compare trends in macroeconomic outcomes in the UK relative to the US, Germany, and … France. During the 1980s and 1990s Britain halted the relative declines in GDP per capita and labour productivity that had … characterized earlier decades, and partially closed the gap in income per capita with France and Germany. These gains were mainly …

, productivity growth has been much higher in Europe than in the United States. Productivity levels are roughly similar in the … European Union and in the United States today. The main difference is that Europe has used some of the increase in productivity …

of the Colombian deregulation on aggregate productivity through factor adjustment was modest … shedding. We also find that after factor market deregulation in Colombia in 1991, factor adjustment hazards increased on the … would yield a substantial increase in aggregate productivity through improved allocative efficiency. Yet, the actual impact …

differences in productivity. If workers are much more productive in one country than in another, restrictions on immigration lead …