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Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests that the fixed exchange-rate policy adopted by Italy in the 1997-2000 period has reduced the real hourly wage growth of Italian fulltime workers with permanent contracts, on...
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We analyze the effect of new business formation on the productivity of incumbent manufacturing establishments. We … obtain robust empirical evidence of productivity improvements that are due to the emergence of new businesses in the same … new businesses on the input market and cross-industry effects are not related to incumbents’ productivity changes. The …
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