We disentangle the contribution of unobserved heterogeneity in idiosyncratic demand and productivity to firm growth. We … important as productivity shocks for firm growth. Second, firms respond to shocks less than a frictionless model would predict …

actually due to heterogeneity in firm-level responses to aggregate shocks. Firms are able to diversify most idiosyncratic …

In markets with imperfect information and heterogeneity, the information technology affects the rate at which agents …

heterogeneity across individuals can have a strong stabilizing effect. We illustrate this in a stylized two-sector economy with an …

advantage of the possibility of intertemporal subsitution in order to engage in productivity-improving activities during … productivity, both in the short and long run, and the short-run impact is stronger in those countries where fluctuations are more …

During the second part of the 1990s, the Israeli economy experienced a surge in labour productivity and total factor … productivity, which was driven primarily by the manufacturing sector. This surge in productivity coincided with the full absorption … concentration of immigrants experienced increases in productivity. The analysis shows that there is no correlation between immigrant …

productivity. This paper is part of a smaller literature on the effects of training on direct measures of industrial productivity …. We analyse a panel of British industries between 1983 and 1996. Training information (and other individual productivity … use a variety of panel data techniques (including system GMM) to argue that training significantly boosts productivity …