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affecting productivity. By contrast, sentiment shocks in non-G7 countries predict prolonged economic growth and a corresponding … increase in productivity. The results suggest that sentiment can indeed create economic booms, but only in less advanced …
Persistent link: https://www.econbiz.de/10014247952
heterogeneous producers and underdeveloped domestic financial markets to study the joint dynamics of total factor productivity (TFP …
Persistent link: https://www.econbiz.de/10012463383
factor productivity growth is more important than the effect on capital growth. This explains why the growth effects of … that are more financially developed or have higher quality of institutions experience larger productivity growth responses …
Persistent link: https://www.econbiz.de/10012463805
productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output … growth, far less attention has been paid to its effects on productivity growth. We provide a comprehensive analysis of the … relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various …
Persistent link: https://www.econbiz.de/10012464090
The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent … per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4 ….1 percent rate achieved in the four quarters of 2020. This paper provides a unified framework that explains productivity growth …
Persistent link: https://www.econbiz.de/10013334484
major financial or economic crash. With a shrinking labor force and declining efficiency of investment, raising productivity …
Persistent link: https://www.econbiz.de/10014250169
The Global Financial Crisis and the COVID-19 pandemic were two major shocks to the world economy in the 21st century. In this study, we analyze the patterns of recessions and recoveries of 101 advanced and developing economies. We identify the turning points of recessions and expansions between...
Persistent link: https://www.econbiz.de/10015409788
quarter of their annual pre-liberalization salary. The increase in the growth rate of labor productivity in the aftermath of …
Persistent link: https://www.econbiz.de/10012464767
of economic growth. It examines this hypothesis by estimating the productivity gain afforded to Brazilian textile firms … regressions on 18 firm-level censuses covering the period 1866-1934, which permit me to decompose total factor productivity growth … accelerated rates of growth of productivity …
Persistent link: https://www.econbiz.de/10012473020
We study capital controls on outflows (CCOs) in situations of macroeconomic and financial distress. We present novel empirical evidence indicating that CCO implementation is associated with crises and declines in GDP growth. We then develop a theoretical framework that is consistent with such...
Persistent link: https://www.econbiz.de/10015056204