What determines firm growth over the life-cycle? Exploiting unique firm panel data on internal organization, balance …-cycle patterns for firm growth. These theories include organizational capital accumulation and management practices, financial … frictions, learning about demand, and recent endogenous growth models with incumbent innovation. We emphasize the importance of …

The basic neoclassical growth model accounts well for the postwar cyclical behavior of the U.S. economy prior to the … 1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are …

recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input … may be because BHC indices decompose ALP growth using plant-level output-per-labor (OL) as a proxy for the marginal … 1) reallocation growth from labor should track marginal changes in labor weighted by the marginal product of labor, 2 …

growth has been relatively stronger in country-sectors that once relied more on competitive devaluations to regain price …

technology (ICT). The past 120 years have been characterized by: (i) rapid economic growth and large productivity gains in all …; increasingly during the past 25 years, this has meant ICT capital deepening. However, the capital contribution to growth varies … the various other factors underlying TFP growth, such as, among others, labor skills, technical and organizational changes …

Both human capital and nonhuman capital play an important role in economic growth. Estimates of nonhuman (physical … a rate of growth of labor income, what really matters is the size of the adjustment factor which incorporates both rates …. In order to best understand the role of human capital in economic growth, volume (quantity) indices need to be …