that the full risk sharing equilibrium may not require much diversification of equity portfolios when there is price … consumption across countries from the predictions of models with full risk sharing. It is commonly believed that these risk …

Productivity dispersion across countries has led to several studies on the determinants of firm level productivity and … the role of macroeconomic policies in determining productivity. In this paper, we investigate the effect of fiscal … consolidation on firm level productivity in 12 advanced economies by combining an updated dataset of fiscal consolidation measures …

is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant … contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in man …

productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a …

STORY -- IV. LOW PRODUCTIVITY: DOES THE LEVEL OF DEBT MATTER? -- V. HIGH DEBT AND DECLINING PRODUCTIVITY: THE CASE OF …

-- IV. GROWTH ACCOUNTING AND TOTAL FACTOR PRODUCTIVITY -- V. IMPLICATIONS FOR MEDIUM-TERM GROWTH -- VI. DETERMINANTS OF … PRODUCTIVITY IN PAPUA NEW GUINEA -- VII. SUMMARY AND CONCLUSIONS -- CALCULATING CAPITAL STOCK -- REFERENCES. …

The assumption behind popular data on national capital stocks, and therefore total factor productivity, is that … productivity growth. It is not credible that countries with similar incomes had huge differences in their capital stocks. This …

DIVERSIFICATION -- V. RIGID WAGES -- VI. CONCLUSION -- APPENDIX: THE MODEL -- REFERENCES. …

quantify the loss of international diversification benefits for major advanced economies, which have a significant presence in … imply a potentially significant loss of international diversification benefits of financial openness for the considered …