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The recent Eurozone crisis has reinvigorated neoliberal policies and brought to the fore an academic and policy debate over the deregulation of employment relations' institutions 'in the name of competitiveness'. In the context of this debate, we ask the following question: have firms with employment relations institutions been less able to improve productivity during the crisis? We consider this question by examining data from the European Company Survey. We also look into different models ofdoi:10.1080/09585192.2016.1233445 fatcat:ymsysgxpxvbkplqvwwewaunx7i