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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 …
Persistent link: https://www.econbiz.de/10005792478
positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …Business support policies designed to raise productivity and employment are common worldwide, but rigorous micro …,300 suggesting that in some respects investment subsidies can be cost effective. …
Persistent link: https://www.econbiz.de/10011084352
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 …
Persistent link: https://www.econbiz.de/10005123794
find no evidence that fixed investment is the only or main source of ignition for economic growth. …
Persistent link: https://www.econbiz.de/10005123986
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 …
Persistent link: https://www.econbiz.de/10005504629
A quantitative investigation of financial intermediation in the U.S. over the past 130 years yields the following results : (i) the finance industry’s share of GDP is high in the 1920s, low in the 1950s and 1960s, and high again in the 1990s and 2000s; (ii) most of these variations can be...
Persistent link: https://www.econbiz.de/10011083657
-ante returns on investment. …
Persistent link: https://www.econbiz.de/10005661688
leading to poor productivity performance are the most plausible explanation of Britain's relative decline. It is argued both …
Persistent link: https://www.econbiz.de/10005791602
productivity catch-up is rejected. A number of potential `ultimate' causes behind the slowdown are explored. An increasingly …
Persistent link: https://www.econbiz.de/10005791604
Persistent link: https://www.econbiz.de/10004971332