within Japan, we find that the measures of sectoral productivity do not behave in the way suggested by the Balassa … prefectures. Furthermore, the intra-Japan Penn effect is driven essentially by prices of nontradables. The effect is also found … power. -- agglomeration effect ; Penn effect ; sectoral productivity differential ; tradables and non-tradables ; population …

study aims to examine whether the capital injections primarily benefited high-productivity firms or were misallocated to … struggling "zombie" firms. The empirical results suggest that banks, post-injection, increased lending to both high-productivity … non-zombie firms and low-productivity zombie firms. While the former is in line with conventional theories that prioritize …

Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …

This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in …

, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many …Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …

This paper studies the productivity impact of a contract change for tea pluckers in an Indian plantation. The contract …