in the effect and size of productivity shocks explain most of the gap in misallocation between manufacturing and services …, while the remainder is explained by differences in firm productivity and age distribution. We interpret these results as …

of the stock of human capital, trade orientation, and foreign direct investment in the long-run growth process. Empirical … the notion of differential effects of public and private investment on long-term growth, as well as for the convergence …

In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown … growth (which has shifted the Okun curve to the left). We analyze what happens if central banks mistakenly diagnose the … growth. Moreover, low interest rates will lead to an increase in the capital output ratio, a low return on capital and high …

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 … kind of structural policies could boost productivity growth in SMICs and the political economy factors that may be …

productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural …, goods market efficiency, higher education, and innovation would permanently boost productivity growth by a total of 1 …Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger …

Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis …. Other contributors to productivity growth in firms are workforce aging, access to finance, and skills mismatches … productivity slowdown over the past two decades in four closely integrated European countries, Austria, Denmark, Germany and the …

this paper, we investigate whether higher productivity causally leads to lower tax evasion. We first present stylized facts … emerging and developing economies. Our results suggests that productivity improvements by firms can lead to lower tax evasion …

provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the … specific channels through which high debt affects productivity growth and the allocation of resources in Jamaica, the study … excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded …

This paper estimates agricultural total factor productivity (TFP) in 162 countries between 1991 and 2015 and aims to … understand sources of cross-country variations in agricultural TFP levels and its growth rates. Two factors affecting … rainfall shortages impede TFP growth, particularly in low-income countries (LICs). We also provide a new evidence that, within …

index is highly correlated with growth both crosssectionallyand over time. We also use it to compare the degree of … distortion amongcountries and identify sectors where the potential payoffs in terms of growth from reformscould be large. The …