Bartelsman, Eric; Haltiwanger, John; Scarpetta, Stefano - In: American Economic Review 103 (2013) 1, pp. 305-34
This paper investigates the effect of idiosyncratic (firm-level) policy distortions on aggregate outcomes. Exploiting harmonized firm‑level data for a number of countries, we show that there is substantial and systematic cross‑country variation in the within-industry covariance...