of systemic risk. I suggest a practical way to levy regulatory capital charges based on the degree of interconnectedness …. The imposition of such capital charges could go a long way towards internalizing the negative externalities associated …

, to economically and statistically significant declines in domestic output and productivity. Tariff increases also result …. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies …

This paper explains in detail the construction of series for productivity in the traded and nontraded sectors for a … panel of 56 countries spanning 1989–2012. The level of productivity in each sector is defined as real value added per worker … more disaggregated industry source data; and (ii) it allows for meaningful comparisons of the level of productivity across …

A large share of cross-country differences in productivity is explained by differences in agricultural productivity …-induced crop-specific comparative advantages can explain a substantial share of the variation in yields across the world. Data … productivity differences …

output and total factor productivity (TFP) in the wake of a crisis. Second, we develop a DSGE model with financial frictions … and capital-embodied technological change capable of reproducing the empirical facts. We also evaluate the role of …

recent years. Although factor accumulation, most notably capital deepening, was crucial to the success of many SMICs … contribution of total factor productivity (TFP) to growth is largely responsible for the slowdown in trend growth in many SMICs …, which highlights the need for policy actions to reinvigorate productivity growth. This paper explores the question of what …

as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital … through lower accumulation of physical capital. Our results indicate that the negative growth effects of commodity terms of …

This paper examines the response of firms to capital destruction, using a new measure of firmexposure to tropical … storms as a negative exogenous shock on firms' capital stock. Drawing on apanel of Indian manufacturing firms between 1995 …, the sales of less productive firms decrease disproportionatelymore, while across industries capital destruction leads to a …

total factor productivity in the non-resource sector reduces the degree of des-investment in public capital commanded by … resource windfall commands a lower level of public capital but a higher level of redistribution through transfers. Second …, weaker administrative capacity lowers the increase in optimal public capital following a resource windfall. Third, higher …