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manufacturing industries of France, Germany, UK and USA. We first disentangle the contribution to industry-level productivity growth … of within-firm productivity changes and between-firms reallocation of shares. The evidence corroborates that within … extent firm growth rates are shaped by relative productivity levels in deviation from industry average and by the over time …
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Since the information and communications technology revolution, productivity growth in Southern European countries has … been substantially lower than in developed European countries. I document that Spanish firms have lower productivity growth … a model featuring endogenous firm productivity growth through innovation investment and size-dependent financial …
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"Throughout the postwar era until 1995 labor productivity grew faster in Europe than in the United States. Since 1995 …, productivity growth in the EU-15 has slowed while that in the United States has accelerated. But Europe's productivity growth … between the EU and US going back to 1980. This paper is about the strong negative tradeoff between productivity and employment …
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We show that in a fully integrated economy, in which there is free mobility of goods and factors, each member’s share of total output will equal its shares of total stocks of productive factors (i.e., physical and human capital). We label this result the equal-share relationship. This...
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