Over the last three decades, Mexico has aggressively reformed its economy, opening to foreign trade and investment … been lackluster, trailing that of many other developing nations. In this paper, I review arguments for why Mexico hasn …, distortions in the supply of non-traded inputs, and perverse incentives for informality creates a drag on productivity growth …

In 1950 Mexico entered an economic takeoff and grew rapidly for more than 30 years. Growth stopped during the crises of … modest. We analyze the economic history of Mexico 1877-2010. We conclude that the growth 1950-1981 was driven by urbanization …, industrialization, and education and that Mexico would have grown even more rapidly if trade and investment had been liberalized sooner …

of productivity growth, but the effect depends critically on a country%u2019s level of financial development. For …

We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and … US, China, and India reveals substantial losses in productivity and output due to the informational friction. Our … estimates for these losses range from 7-10% for productivity and 10-14% for output in China and India, and are smaller, though …

allocation and productivity. As a first step toward the fuller understanding of the effect of privatization, this study … economic growth in the 1980s. Our empirical results indicate that productivity was significantly enhanced by the recent …

The dismal decade of 2010-19 recorded the slowest productivity growth of any decade in U.S. history, only 1.1 percent … per year in the business sector. Yet the pandemic appears to have created a resurgence in productivity growth with a 4 ….1 percent rate achieved in the four quarters of 2020. This paper provides a unified framework that explains productivity growth …

planner who has partial knowledge of population preferences and the productivity of spending. This is a problem of decision … making under ambiguity. Focusing on income-tax financed public spending for infrastructure that aims to enhance productivity … preferences and the productivity of public spending …

, over several years, of public highway capital which then temporarily boosts private sector productivity and local demand …

We examine the productivity of public infrastructure in a general equilibrium context. In our model, infrastructure … monopoly power influences public capital's productivity effect. We test the model using state-level panel data. We confirm the … potentially important indirect channels by which public capital affects manufacturing productivity …

productivity performance of twelve two-digit U.S. manufacturing industries. A general framework is developed to measure … contribution of demand, relative input prices, technical change, as well as publicly financed capital on total factor productivity … and R&D capital contribute to productivity growth. However, the magnitudes of their contribution vary considerably across …