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 many … countries there is scope for further expansion of this sector. Third, the small size and the fact that most of these countries …

information on government actions undertaken in response to bank distress. Weformulate a simple theoretical model of a banking … industry which we use to identify and constructtheory-based measures of systemic bank shocks (SBS). Using both country …

Mercosur? The objective of this paper is to answer this question by analyzing changes in bank behavior after crises in the … literature-to post-crisis bank behavior. Using a panel dataset of commercial banks during the period 1990-2006, we analyze the … impact of crises on four sets of financial indicators of bank behavior-profitability, maturity preference …

identified late, solutions are much more costly. Until recently, Europe has seen only a small number of outright bank failures …, which made the estimation of early warning models for bank supervision very difficult. This paper presents a unique database … of individual bank distress across the European Union from mid-1990s to 2008. Using this data set, we analyze the causes …

We study U.S. labor productivity growth and its drivers since the COVID-19 pandemic. Labor productivity experienced …-pandemic trend. Industry-level panel regressions show that measures of labor market churn are associated with higher productivity … teleworkable industries, also experience higher productivity growth on average. There has also been an increase in business …

productivity. The analysis reveals that the link between productivity and bank credit growth is weaker for firms with significant …Capital misallocation is widely thought to be an important factor underpinning productivity and income gaps between …