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9781108489232

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'If you want to see how many insights are obtainable from firm-level productivity analysis, read this book. The authors apply time-tested methods to CompNet data, shedding light on many important questions about how different firms operate and how markets react to such differences.' Chad Syverson, The University of Chicago 'Total factor productivity (TFP) is a force for economic growth. Yet, how that happens has long been a matter of controversy, due to disagreement on both concept and measurement. Traditionally estimated as a residual, TFP has been described as a measure of our ignorance. Altomonte and di Mauro convincingly argue that leveraging big datasets on firms boosts understanding of TFP as a driver of economic growth by reducing the scope for conceptual and measurement errors.' Gianmarco Ottaviano, Bocconi University

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Carlo Altomonte is Associate Professor of Economics at Bocconi University and non-resident fellow at Bruegel. He has acted as consultant for a number of international institutions, including the European Commission, the European Central Bank and the United Nations. Filippo di Mauro is the founder and chairman of CompNet, a leading forum for productivity research and provider of a top standard firm-level based dataset. He has been an economist and research manager in central banks (Bank of Italy, US Fed and ECB) and international organizations (IMF and ADB).

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