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Why do some firms grow faster than others? This question has become the focus of a large number of empirical studies in industrial organization, strategic management, and entrepreneurship since the publications of Gibrat (1931) and Penrose (1959). Using an unbalanced panel data set of 85 U.S....
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technologies (ICT) for developments in productivity growth in the euro area. On the basis of the available data, there is evidence … overall productivity growth. This implies that there is no reason to believe that potential output growth in the euro area has …
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productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …
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to developments in labour productivity - allowing for human capital accumulation – and multifactor productivity (MFP …
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