productivity. This framework is based on a multi-sector general equilibrium model with sector-specific frictions in the form of … functions. Moreover, this framework is consistent with that commonly used in productivity analysis. I apply this framework to … measure to what extent resource misallocation explains the differences in aggregate productivity across developed countries. I …

productivity (TFP). In this article, we summarize a recent literature — and the articles in this special issue on misallocation … and productivity — that focus on the reallocation of factors across heterogenous production units as an important source …

Spanish fluctuations exhibit two remarkable features: (1) productivity per hour worked is countercyclical; and (2) real … wage and productivity are negatively correlated, implying that wages tend to grow when productivity declines. The standard … understand productivity dynamic in Spain. The first exercise consists in an extended calibration of the Neoclassical model for …