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Abstract
The paper examines the impact of 2008 economic crisis on the dynamic
productivity growth and its components using a firm-level dataset of Spanish meat
processing, dairy processing and oils and fats firms. The impulse response analysis by local
projections shows that the impact of crisis on dynamic productivity growth varies between
sectors with negative and persistent in oils and fats, no significant in meat, and positive and
persistent in dairy processing industry. The paper documents further that occurrence of crisis
involves increases in dynamic technical change across industries, which are offset by the
negative impact of dynamic technical inefficiency change.