output and total factor productivity (TFP) in the wake of a crisis. Second, we develop a DSGE model with financial frictions …

productivity (TFP) is endogenized as a function of domestic research and development (R&D) expenditures, R&D expenditures of …

What drove the UK productivity slowdown post-GFC, and how is the post-Covid recovery expected to differ? This paper … traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation …, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by …

imbalance with only limited spillovers to the rest of the world. Specifically, faster productivity growth would help lower Japan …Japan is facing a sizable fiscal imbalance against a backdrop of weak trend growth and growing external imbalances in … the world economy. This paper examines the possible impact of fiscal adjustment and productivity-enhancing structural …

This paper investigates the main postulations of the R&D based growth models that innovation is created in the R …&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R … the period 1981–97. The results suggest a positive relationship between per capita GDP and innovation in both OECD and non …

productivity and that they impact the degree of R&D spillovers …