market equilibrium and whether innovation subsidies can improve industry productivity by mitigating such a tax distortion. …Radical innovations require risk-taking. However, it is hard to find an objective measure for innovation investments … that would take riskiness into account. In this paper, we investigate how a simple measure of firms’ innovation investments …

productivity. An important issue, therefore, is how to measure allocative efficiency. We compare popular indicators of allocative … productivity and to the Olley-Pakes (OP) covariance component, which is currently the most popular measure of allocative efficiency …

liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also …’éducation, la recherche et l’innovation. Des progrès sont également requis dans d’autres domaines, notamment pour promouvoir des …

In the 1990s, measured productivity growth decelerated dramatically in Japan. However, the standard Solow residuals may … important role in lowering measured productivity growth relative to true technology growth. Our results thus cast doubt on the … explanation of Japans "lost decade" that attributes the prolonged slump to the observed productivity slowdown. …

This paper describes recent trends in productivity growth in the EU and the US. By adopting a sectoral perspective, we … productivity has lagged behind the US during the period 1995-2007. This may be of use for policy makers in order to design policies … strong, we observe notable disadvantages in relation to productivity performance of key market service sectors. Restrictions …

The behaviour of labour productivity in the United Kingdom since the onset of the recession in early 2008 constitutes a … puzzle. Over four years after the recession began labour productivity is still below its previous peak level. This paper … crisis to have both a short-run effect on the growth rate of labour productivity and a long-run effect on its level is …

significant and persistent gap between the aggregate productivity and technology levels for the US private business sector. We we …