where it does not properly measure technology) and makes it possible to calculate the contributions of disaggregated units …-level (EU-KLEMS) and firm-level (Amadeus) data. After adding further assumptions about technology and market structure (firms …

country, as well as welfare differences across countries. The result holds regardless of the type of production technology and …

for arbitrary production technology, regardless of the degree of product market competition, and apply to open economies …

for arbitrary production technology, regardless of the degree of product market competition, and apply to open economies …

technology and the degree of product market competition. It applies to open economies as well, if TFP is constructed using …

regardless of the type of production technology and the degree of market competition. It applies to open economies as well, if …

As it takes time and effort to learn how to fully utilise new technology and realise its maximum potential productivity … gain, adoption of new technology tends to reduce productivity temporarily, even though the potential productivity gain in … the long run outweighs this short run loss. This paper points to such “learning cost” in technology upgrading as a …

measure technology) and makes it possible to calculate the contributions of disaggregated units (industries or firms) to … further assumptions about technology and market structure (firms minimize costs and face common factor prices), we show that …