One of the key determinants of potential growth are productivity gains. Total factor productivity (TFP) differences are …: the aggregate productivity loss from microeconomic distortions that prevent factors of production from being allocated to … key driver of productivity gains. Since distortions preventing misallocation can be driven by institutional obstacles …

technology diffusion within GVCs. We use these results to explain the pronounced post-crisis drop in Total Factor Productivity …

private physical capital per worker. We use a semiparametric analysis, computing Malmquist productivity indexes, and we also …

at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …