Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This … paper documents sector-level productivity patterns across advanced economies prior to the crisis and examines the role of … driving productivity differences across sectors and countries. Since productivity payoffs of reforms evolve over time, we also …

difference is in labor productivity differentials between services and the rest of the economy. Specifically, the gap between … labor productivity in the rest of the economy and services has widened across China's provinces as they have moved from low …'s provinces suggests that credit and labor market frictions have inhibited labor productivity growth in services relatively more …

reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …

directly or indirectly through investment. In contrast to earlier studies, we conclude that there is some evidence of positive …-eligible countries to reach higher growth, but it remains unclear whether this is through higher investment or another channel. Also, the …

lower investment and exports compared with other small island states, but greater political stability, catch-up effects from …

This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence … that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private … consumption has on average become more dependent on investment (rather than vice versa) and the impact is relatively short …