The relationship between recessions and productivity has been the focus of an important body of theoretical and empirical research in the last two decades. We contribute to this literature by presenting new evidence on the evolution of productivity in the aftermath of recessions. Our method...

In this study Data Envelopment Analysis (DEA) is used not only to develop an efficiency index which combines economic activity, CO2 emissions and energy consumption of the production process in the 31 countries of Europe for the year 2004, but also to make estimates about the margins of long...