Lorenzo Caliendo, Giordano Mion, Luca David Opromolla, Esteban Rossi-Hansberg, 23 January 2016

Reorganisation doesn’t always create a more efficient and effective firm. This column assesses the extent to which a firm’s physical productivity varies as a result of reorganisation. The results suggest significant variation. For policymakers, studying and understanding the internal organisational responses of firms to firm-specific and economy-wide shocks is essential to understanding the level and distribution of productivity in an economy.

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