The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …

firms always have a higher market share, there is no monotonic relationship between firms? productivity level and their … effect”. Therefore, the incentive to add more products weakens as productivity rises. This leads to Lemma 3 in Feenstra and …

question whether this has led to productivity gains within firms. I address this question by combining industry-level data on … offshoring and domestic outsourcing with a firm panel. I find that offshoring of non-core activities has led to productivity … gains whereas offshoring of core activities and domestic outsourcing have had no such effects. The estimated productivity …

The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated …