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growth is also a central concern to both the practice and theory of business strategy. Despite both its theoretical and … robust theory of firm growth. This paper attempts to address this gap in our empirical knowledge of firm growth using a …
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We consider policy distortions in a model where plants face idiosyncratic productivity shocks that evolve following a Brownian motion. Introducing idiosyncratic shocks into the model implies that plants have non-constant operating profits and as a result there is an endogenous exit margin and...
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equilibrium endogenous growth model with heterogeneous firms that undertake intangible capital investment subject to non …
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area vulnerable to a negative shock that tips the economy into a prolonged slowdown …
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This paper uses a new cross-country cross-industry dataset on investment in tangible and intangible assets for 18 … European countries and the US. We set out a framework for measuring intangible investment and capital stocks and their effect … on output, inputs and total factor productivity. The analysis provides evidence on the diffusion of intangible investment …
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