This line of work has become popular, and is very interesting. But I always find myself having a hard time evaluating it, and am puzzled as to how to think about it: Yuriy Gorodnichenko, Debora Revoltella, Jan Svejnar, Christoph Weiss: Dispersion in productivity among European firms: "This column uses firm-level data from all EU countries to explore how the dispersion of resources affects macroeconomic performance...

...Harmonising the business environment–and thus easing the flow of resources–across countries and industries could increase aggregate EU growth by 18%. The findings also demonstrate how firm-level characteristics can help us understand distortions in the allocation of resources across firms...


#shouldread

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