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This volume presents a selection of mainly empirical contributions which address growth potentials and potentials for growth in Europe and the OECD. The contributions offer a national-level as well as a firm-level perspective on these issues Given this rather broad view, the volume should be of...
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This paper shows that rising real estate prices reduce industry productivity, because they lead to a reallocation of … labor towards inefficient firms. This has significant negative consequences for aggregate industry productivity. I find that … industries with stronger growth in real estate value see a significant reduction in total factor productivity growth. A 10 …
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