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Total factor productivity (TFP) growth began slowing in the United States in the mid-2000s, before the Great Recession. To many, the main culprit is the fading positive impact of the information technology (IT) revolution that took place in the 1990s. But our estimates of TFP growth across the...
Persistent link: https://www.econbiz.de/10011374729
We show that an increase in aggregate uncertainty-measured by stock market volatility-reduces productivity growth more in industries that depend heavily on external finance. This effect is larger during recessions, when financing constraints are more likely to be binding, than during expansions....
Persistent link: https://www.econbiz.de/10011715311
China’s current growth model— which has delivered steady and robust growth for two decades and lifted some 500 million … continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward the level of … high income economies. Evidence from China’s provinces indicates that there is room to improve productivity and sustain …
Persistent link: https://www.econbiz.de/10012667490
The paper analyzes the recent growth dynamics in China, evaluating both cyclical positions and long-term growth … likely and needed in the near term to restore the economy to equilibrium. In the medium term, growth will slow as China moves …
Persistent link: https://www.econbiz.de/10012418220
This paper examines whether the rapid growing firm patenting activity in China is associated with real economic outcome …
Persistent link: https://www.econbiz.de/10011716316
We analyze the impact on productivity in advanced economies of fast-growing trade with China between the mid-1990s and … economies and, similar to Autor, Dorn, and Hanson (2013), exploit exogenous variation in trade with China in a given country …-sector by instrumenting imports from (exports to) China in a given country-sector with the average imports from (exports to …
Persistent link: https://www.econbiz.de/10011704570
stable over the financial cycle, including post-crisis, and there is no clear evidence that aspects of bank business model …
Persistent link: https://www.econbiz.de/10011852611
conditional profitability distributions. Real GDP growth and the NPL ratio are shown to be the most reliable determinants of bank …
Persistent link: https://www.econbiz.de/10012154822
We use bank level data to study the efficiency of banks in Sub-Saharan African middle-income countries and provide …
Persistent link: https://www.econbiz.de/10014404276
Cost-efficiency, scale efficiency, and productivity change are estimated by data envelopment analysis; and cost-efficiency is regressed on explanatory variables. No evidence is found for average productivity responding to deregulation over the period studied. State-owned banks are found to be...
Persistent link: https://www.econbiz.de/10014401366