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This study provides a new perspective on Japan's stagnant aggregate productivity by extending the Hsieh and Klenow (2009) framework to account for productivity growth, entry and exit, and product ...

The central appeal of environmental markets – efficient allocation of emission reductions – has been difficult to validate empirically. We develop a framework linking the theoretical change in ...

The paper investigates the effect of state ownership on efficiency of firms using an econometric model that allows for the separation of technical from allocative efficiency in a dynamic setting. The ...

Labor productivity growth has decelerated in the Baltic economies during the past two decades, with the downturn accelerating in recent years. This Selected Issues Paper analyzes the roles of ...

This work draws on research conducted for the Centre for Policy Development's Public Service Research Program which is funded by the CPSU, the Becher Foundation and Slater & Gordon. Every now and ...