Why do cities differ so much in productivity? We document that most of the measured dispersion in productivity across … US cities is spurious and reflects granularity bias: idiosyncratic heterogeneity in plant-level productivity and size …

alleviating credit constraints for high productivity firms. After the reform, better access to credit allowed these firms to … across firms, thus raising aggregate productivity. …

productivity growth. We utilise a rich microdata set covering the period 2006-2016, encompassing nearly all Dutch corporations …. This dataset facilitates an evaluation of start-ups’ and exiting firms’ contributions to Total Factor Productivity (TFP … display lower productivity than incumbents, their productivity growth outpaces that of incumbents. In services, entrants …

In our article we review the secular stagnation hypothesis, firstly postulated by Hansen (1939), to describe the … definition of secular stagnation founded on four pillars: diminished long run growth potential, increasing aggregate demand … secular stagnation. For that, we consider one of the most evoked factors causing secular stagnation, demographics in the form …

Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises … in Japan, the US and the Eurozone. This article argues that part of the new stagnation does not result from a natural …

Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit … that financially more deregulated economies are more likely to experience persistent stagnation. In the short run, credit …

This paper assesses sources of productivity spillovers in China's electric and electronic manufacturing industry using … important reliance on technology. In particular, the paper focuses on the role of other firms' productivity as well as … productivity shifters in affecting own firm-level total factor productivity. In addition, this paper examines the possible …

their productivity and net worth and face collateral constraints that cause capital misallocation. TFP endogenously depends … equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the investment of high-productivity … firms relatively more than that of low-productivity ones, crowding out the latter and increasing TFP. We provide empirical …

We revisit UK's poor productivity performance since the Great Recession by means of both a suitable theoretical … over time, and distinguish between quantity total factor productivity (TFP-Q), i.e., the capacity to turn inputs into more … physical output (number of shirts, liters of beer), and what we call revenue total factor productivity (TFP-R), i …