What factors underlie industry differences in research intensity and productivity growth? We develop a multisector … growth model using standard parameters to capture the main factors considered in the empirical R&D and productivity growth … literature. Along the balanced growth path, we find that the primary factor behind industry differences in productivity growth is …

We develop a multi-sector general equilibrium model in which productivity growth is driven by the production of sector …-specific knowledge. In the model, we find that long run differences in total factor productivity growth across sectors are independent of …

Studies of firm-level data have shown that there is a huge dispersion of productivity across firms even when industries … productive. The formers’ convergence could therefore constitute an important part of productivity growth at the macroeconomic … which can explain it. Productivity convergence was stronger for labour productivity than for total factor productivity. But …

characteristics and efficiency as the main determinants of their productivity. The application of this analysis to the European market … shows that productivity differences among flag carriers could explain the governments' different views about deregulation at …

We use a new industry-level dataset to quantify the role of ICT in explaining productivity growth in the UK, 1970 … productivity growth in the market sector. Econometric evidence also supports an important role for ICT. We also find econometric …

markets explain both productivity differences and firm density. Estimating structural model parameters is simple and relies on … model, we find that labor markets which provide cost advantages explain substantial differences in firm productivity …

This paper estimates the impact of road improvements on firm employment and productivity using plant level longitudinal …, but not the employment of existing firms. We also find effects on labour productivity and wages at the firm level …

banking sector as a whole that depends on total bank capital. Equilibrium risk and market risk premiums can be solved in … closed form as functions of aggregate bank capital. We explore the empirical properties of the model in light of recent …