leading to low productivity growth. Lobby groups succeeded to gain significant control inside administrative structures …

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 …

/EU productivity gap. We find robust evidence that US firms have a higher capacity to translate R&D into productivity gains (especially … in the high-tech industries), and this contributes to explaining the higher productivity of US firms. Conversely, EU … firms are more likely to achieve productivity gains through capital-embodied technological change at least in medium and low …