, both productivity and wage growth are higher for newly founded MNEs than for national firms. Employment growth is superior …

patterns of firms within the same sector. Helpman, Melitz and Yeaple (2005) develop a model in which innate productivity … allows us to compare productivity over the entire distribution. Our results show robust support for the prediction from …

the pronounced worsening of total factor productivity. The paper is rounded out by estimates of some measures of wage …

Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross … level are relatively more important. -- Multinational firms ; heterogeneity ; productivity ; financial constraints …

Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non …-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel … probit. Four main findings emerge. First, similar to results for non-financial firms, a productivity pecking order drives …

question in the context of a heterogeneousfirm RBC model with persistent firm-level productivity shocks and lumpy capital …

activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change … and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if they … subsequently merged with other banks. German banks were still able to increase their productivity through consolidation. -- Banking …