Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...

Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...

Studying the transition means analyzing the interactions between institutions and structural change, a process we still know very little about. In this paper we show that the transitional process has been very different in the countries of the Former Soviet Union (FSU) and those of the Central...

Studying the transition means analyzing the interactions between institutions and structural change, a process we still know very little about. In this paper we show that the transitional process has been very different in the countries of the Former Soviet Union (FSU) and those of the Central...

Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...