vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …

excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded …The paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis … provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the …

as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …

This paper examines the impact of highway expansion on aggregate productivity growth andsectoral reallocation between … indirect impact of trade costs on city productivity. I then construct an instrumentalvariable to examine the causal impact of … highways on economic outcomes and the underlyingchannels. The results suggest that highways promoted aggregate productivity …

We trace Japanese corporate investment across different types of firms over the past decades and estimate the main … determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those … operating mainly in domestic markets. On the back of a trend increase in production offshoring, investment by large companies …

particular focus on the role played by financial frictions and investment dynamics. The paper provides two main contributions …. First, we empirically document that lower investment during financial crises is the key factor leading to permanent loss of … output and total factor productivity (TFP) in the wake of a crisis. Second, we develop a DSGE model with financial frictions …

This paper studies the relation between firms' access to finance, labor productivity and investment using Lithuanian … characteristics, removing these constraints can improve average productivity and investment of firms in Lithuania by 0.51 percent and …

differentials across sectors: labor productivity is more volatile in agriculture and manufacturing than in services. Aggregate … of labor across sectors emerges endogenously from sectoral labor productivity growth differentials. The setup is then …