How to update the EU Merger Guidelines
There is a growing push from certain quarters for the European Commission to weaken merger control in order to spur greater investment and innovation, higher
How is innovation competition exacerbating global overcapacity?
The world is moving into a period of entrenched manufacturing overcapacity, threatening deflation and stagnant growth. Over the past two decades, China has emerged as
Adjusting productivity for carbon emissions: A new perspective on the growth slowdown
Productivity growth has been lacklustre over the past 20 years in most advanced economies. But standard productivity measures ignore the progress that some economies have
Are Capital Incentives Slowing the Diffusion of Cloud, Big Data, and AI?
We live in a world overflowing with data, yet turning this abundance into economic growth and job creation remains a significant challenge. Cloud computing has
Task-based returns to generative AI: Evidence from a central bank
How does generative AI affect real workplace productivity? This column reports results from an experiment at the National Bank of Slovakia, where staff were randomly
Adult skills and productivity: New evidence from PIAAC 2023
Adult skills play a crucial role in shaping productivity. This column uses data from the 2023 OECD Survey of Adult Skills to analyse the relationship
Understanding the impact of private equity on employees
The growth of the private equity in recent years has raised concerns about its consequences. This column matches 2.5 million workers who were employed by
The market implications of industrial subsidies
Governments are increasingly employing industrial subsidies, raising questions about their market implications. This column undertakes a thorough econometric testing of the causal impacts of subsidies
Climate change, firms, and aggregate productivity
Policy debates around climate change frequently focus on the trade-off between the near-term costs of reducing carbon emissions and the long-term benefits of mitigating climate
Regulation and growth: Lessons from nearly 50 years of product market reforms
Product market regulation reforms directly affect firm entry, innovation and reallocation, and thus productivity and economic growth. This column leverages the 2025 update of the
