unequivocally improved the reallocative process. The correlation between productivity and employment growth did not strengthen and … the crisis induced the exit of relatively productive firms. The attenuation of the relationship between productivity and … entered during the crisis were relatively more productive, which helped mitigate the reduction in aggregate productivity …

-specific investment policy reform on firm productivity. Hereby we exploit a protectionist foreign direct investment reform (the so … since. Our empirical analysis links the changes within this regulatory framework to variation in firm-level productivity in … investment, followed by a sizable decrease in firm productivity. From the different types of conditions, sector-wide FDI bans …