story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn …

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 …

strong growth and a substantial improvement in export sophistication, Malaysia’s total factor productivity lagged behind that …

&D), which are endogenized through financial institutions. The theory and its results shed lights on the debate of convergence …

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