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 …

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 …

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 …

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 …

This paper evaluates the implications for employment, productivity and wages of allowing for more flexibility in weekly … in productivity. In the work sharing scenario, the increase in employment (1.86%) comes at the expense of a lower … productivity increase (1.31%) and a decrease in weekly hours worked (4%). Finally, the full flexibility scenario preserves …