Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different …

Are differences in inventor productivity due to differences in inventors’ skills or differences in the capabilities of … for serial correlation in inventors’ productivity. We apply an econometric technique developed by Abowd, Kramarz, and … Margolis (1999) to decompose the contributions of inventors’ human capital and firm capabilities for productivity. Our …

average). Second, the relation between business ownership and macroeconomic productivity is steeper for countries with higher …

We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth …

-run equilibrium characteristic of a two-region model with fixed exchange rates, heterogeneous labor markets, and endogenous growth …. Under flexible exchange rates, monetary policy closes output gaps and realizes the associated maximum TFP growth in both … regions. Upon fixing exchange rates, the region with higher structural wage inflation falls into a low-growth trap. When …