We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium … emerge. First, in all countries with the exception of Germany, capital allocation has worsened over time whereas the … efficiency of labour reallocation has not changed significantly. Second, the observed increase in capital misallocation has been …

We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium … stand out. First, in all countries except Germany, capital allocation worsened over time whereas the efficiency of labour … reallocation did not change significantly. Second, the observed increase in capital misallocation has been particularly marked in …

external finance, facilitating the formation of new establishments, and improving the efficiency of capital allocation across … overall financial development boost industry growth, new establishment formation, and efficient capital allocation, having a …

We study capital misallocation within and across 10 African countries using the World Bank Enterprise Surveys. First … product of capital (MPK), implying that countries could produce significantly more with the same aggregate capital stock if … capital were allocated optimally. Such variation differs from country to country with some African countries (success stories …

relative to its capital stock, which drops by a smaller degree after the inclusion …

We study capital misallocation within and across 10 African countries using the World Bank Enterprise Surveys. First … product of capital (MPK), implying that countries could produce significantly more with the same aggregate capital stock if … capital were allocated optimally. Such variation differs from country to country with some African countries (success stories …