This study explores firm dynamics and the efficiency of factor allocation in manufacturing and business service sectors of Ukraine. The period under study was one of rapid growth at the economy level, while the main sectors have undergone considerable churn and reallocation. The findings are...

This paper provides a comprehensive assessment of the short-term impact of the COVID-19 pandemic on businesses worldwide with a focus on developing countries. The results are based on a novel data set collected by the World Bank Group and several partner institutions in 51 countries covering...

Entrant firms are constrained to set lower price–cost markups than incumbents due to idiosyncratic demand shocks faced in the startup phase. Productivity indices suffer from micro-level markup variation and underestimate entrants' productivity, when productivity is measured by nominal sales...

type="main" xml:id="ecot12042-abs-0001" <title type="main">Abstract</title> <p>This paper attempts to find a robust method of measuring competition when firms' operational activities are subject to frictions. The first part theoretically tests the indicative quality of two competition measures, the price-cost margin (PCM)...</p>