that contrasts cross-country evidence on agglomeration benefits with the productivity impact of metropolitan governance … lower levels of productivity. The estimated elasticity for an increase in the number of local jurisdiction is 0.06, which is … literature that city productivity increases with city size with an elasticity in the range of 0.02 to 0.05. …

We provide evidence that a weak banking sector has contributed to low productivity growth following the European … natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by … the resulting increase in factor misallocation accounts for 20% of the decline in productivity in Portugal in 2012. …

stability and economic (productivity) growth is taken into account. Both sides of the trade-off are affected by banks' credit …-sensitive'. Differences in company productivity have a further effect on the profile of optimal risk weights, and may amplify the ‘flattening …