Demmou, Lilas; Franco, Guido; Stefanescu, Irina - 2020
Using a cross-country firm level panel dataset from 1995 to 2015, this paper revisits the finance–productivity nexus by … result, financial frictions are expected to be more binding for productivity growth in sectors where intangibles have become … level. We provide evidence that financial frictions act as a drag on productivity growth and especially so with respect to …