This paper explores the role of public debt and fiscal deficits on factor productivity in an economy with credit market … levels of credit and capital, but also a lower interest rate, lower total factor productivity and output. The model is … deterioration of total factor productivity since more low-productivity firms prefer to remain active at the lower equilibrium …

providers cannot beat private providers in terms of aggregate efficiency. We finally design a transfer scheme that can make a …

things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage …

productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative …

Using a unique plant-level dataset we examine total factor productivity (TFP) growth and its components, related to … efficiency change and technical change. The data we use is from Sweden and for their pulp and paper industry, which is heavily …

Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on … infrastructure investment in telecommunications and the electricity sectors has a robust positive effect on long-term growth (but not …