 | Shocks, Financial Dependence, and Efficiency : Evidence From U.S. and Canadian Industries Author/Editor: Marcello M. Estevão, Tiago Severo. Release Date:August, 2011 The paper investigates how changes in industries'' funding costs affect total factor productivity (TFP) growth. Based on panel regressions using 31 U.S. and Canadian industries between 1991 and 2007, more...
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| Has the Great Recession Raised U.S. Structural Unemployment? Author/Editor: Marcello M. Estevão, Evridiki Tsounta. Release Date:May, 2011 The recent crisis has had differential effects across U.S. states and industries causing a wide geographic dispersion in skill mismatches and housing market performance. We document these facts and, more...
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