: the reciprocal of the terms of trade. Cast this way, a change in the terms of trade acts as a productivity shock. Or does … then generalizing, we show that changes in the terms of trade have no first-order effect on productivity when output is …

Using state-of-the-art frontier efficiency methodologies, we study the efficiency and productivity of Swiss insurance … insurance sector. We find that productivity and efficiency in the Swiss insurance market have improved for the property …

hand in hand with a reduction in productivity. Another channel would be the concentration of economic activity in sectors … other sectors; further, good governance also boosts relatively more labor productivity in more complex subsectors of … manufacturing. Both effects are strongest among countries whose labor productivity ranks in the second and third quartiles of the …

pays specific attention to the implementation of various energy policies, in particular, in Switzerland. Beyond …