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We study the link between public enforcement of property rights, innovation investments, and economic growth in an endogenous growth framework with an expanding set of product varieties. We find that a government may assure positive equilibrium growth through public employment in the enforcement...
Persistent link: https://www.econbiz.de/10010280647
Adequate and well-functioning infrastructure is a key ingredient to growth and well-being. The benefits to activity of efficient spending in energy, water, transport and communication sectors go well beyond their contribution to capital accumulation. Good infrastructure facilitates trade,...
Persistent link: https://www.econbiz.de/10008872205
may then force managers to improve the productivity of the firm in order to ensure survival. While this hypothesis has … competition shocks. We find that import competition leads to productivity increases in family-managed firms that are initially … unproductive. Productivity improvements are driven by family management as opposed to family ownership or non-managing family …
Persistent link: https://www.econbiz.de/10012179827
may then force managers to improve the productivity of the firm in order to ensure survival. While this hypothesis has … competition shocks. We find that import competition leads to productivity increases in family-managed firms that are initially … unproductive. Productivity improvements are driven by family management as opposed to family ownership or non-managing family …
Persistent link: https://www.econbiz.de/10012843433
From the mid-1980s, New Zealand was widely considered to be a leader in liberalising product market regulation (PMR). However, the reform of PMR has lost momentum over recent years. Many areas of PMR are still consistent with best practice, but New Zealand is no longer assessed to be at the...
Persistent link: https://www.econbiz.de/10009195420
that are implicit in previous firm-level productivity estimation approaches. We use Belgian firms production data to …
Persistent link: https://www.econbiz.de/10011431264
profitability and productivity that can outweigh the costs of the policy. This paper reviews the empirical evidence on the link … between environmental policy stringency and productivity growth, and the various channels through which such effects can take …
Persistent link: https://www.econbiz.de/10011276877
Danish productivity has grown only weakly over the past two decades, both historically and in relation to other … to continue its efforts to reap the benefits of globalisation, which would contribute to invigorating productivity growth …
Persistent link: https://www.econbiz.de/10011276893
The correlation between a firm’s size and its productivity level varies considerably across OECD countries, suggesting … that some countries are more successful at channelling resources to high productivity firms than others. Accordingly, we … examine the extent to which regulations affecting product, labour and credit markets influence productivity, via their effect …
Persistent link: https://www.econbiz.de/10011276926
This paper explores the productivity impact of trade, product market and financial market policies over the last decade … investigating the link between these policies and productivity growth depending on how far incumbents are relative to the … the potential channels through which productivity is affected by reform. The key conclusion that can be derived from the …
Persistent link: https://www.econbiz.de/10011276928