as the consumption-wealth ratio, the growth rate of wealth, and welfare, in a two-country world, based on a portfolio …-wealth ratio, and welfare should be higher in an open economy due to a higher productivity and/or less volatility through risk … sharing. The theoretical results for the growth rate depend on differences on productivities and consumption-wealth ratios …

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 … growth. Focusing on the direct channels of growth, the author has found both positive and negative contribution of finance to …

combined with economic reasoning (on the non storability of services, the role of air transports and on the complementarity … between services). As to the indirect effects, I assume that the downturn in sentiment will be severe but short-lived. Under …

This paper analyzes the horizontal productivity effects of foreign direct investment (FDI) from industrialized and …, and North Africa. We find strong evidence of horizontal productivity spillovers to domestic firms derived from foreign …-firm presence. However, these effects are clearly dependent on domestic firms’ absorptive capacity. The largest productivity effects …

Export participation of SMEs in Swedish computer services has increased rapidly over the last decade. Despite the … determinants of export participation of Swedish SMEs in the computer service industry. Exports include both goods and services …. Estimates based on the conditional logit model show a significantly positive relationship between initial labour productivity …

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 …