Using detailed establishment-level micro data, this paper analyzes the quantitative implications of the missing-growth hypothesis by Aghion, Bergeaud, Boppart, Klenow, and Li (2019) for Germany. This hypothesis states that actual growth rates of real output are systematically understated by...

One of the targets of Europe's growth strategy (Europe 2020) is "reduction of poverty by aiming to lift at least 20 million people out of the risk of poverty or social exclusion". Since poverty is a multidimensional concept, EUROSTAT proposes three indicators to calculate it: people at...