, increased the labor intensity of growth and, thus, reduced the rate of capital deepening. Technological shocks seem to have … played a minor role in explaining slower productivity growth in the euro area. In addition, a surge in capital deepening and …

publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive … and have a lower average product of capital than non-SOEs. These productivity differences increased between 2002 and 2009 …

, broadly in line with the experience of advanced economies from past recessions. The impact is driven by employment, capital …

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 …

weaker investment in intangibles, (iv) younger and smaller firms are more capital constrained than their older and larger … counterparts, (v) the responsiveness of capital growth to the marginal product of capital has declined, and (vi) large productivity … larger share of the capital stock. Our results suggest that declining private business dynamism is an important factor in …