Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro … positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective. …

fixed investment that became excessive and proved to be unsustainable, while the productivity acceleration helps to account … productivity growth linked to the delayed effects of previously invented 'general purpose technologies' stimulated an increase in …-01 collapse of investment and the stock market proves that good public policy matters, going beyond the narrowly defined …

growth model. Its building blocks are financial imperfections and reallocation among firms with heterogeneous productivity …. Some firms use more productive technologies than others, but low-productivity firms survive because of better access to … credit markets. Due to the financial imperfections, high-productivity firms - which are run by entrepreneurs - must be …

find no evidence that fixed investment is the only or main source of ignition for economic growth. …

and investment. When the share of output that accrues to the owners of natural resources rises, the demand for capital … allocation of capital may, however, enhance the quantity as well as the quality of new investment and sustain growth. Empirical … thereby inhibiting economic growth. The results also suggest that abundant natural resources may hurt saving and investment …

-ante returns on investment. …

productivity growth in the US economy can be attributed to a technological acceleration within durable manufacturing and to … increased investment in computers in the rest of the economy. But there has been no acceleration of trend growth in US multi …-factor productivity in the 88% of the economy outside of durable manufacturing. In comparison with the Great Inventions of 1860-1900, the …

This paper assesses the ‘one big wave’ in multi-factor productivity (MFP) growth for the United States since 1870. The … boosting productivity growth, followed by a reopening that contributed to the post-1972 productivity slowdown. …