propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced … potential of growth theory for the analysis of factors behind declining business dynamism and the need for further investigation …

idiosyncratic productivity improvements with continuous arrival of new potential producers. A firm enters a market if it is …

patenting. Furthermore, it explains why R&D as a fraction of revenues is strongly related to firm productivity yet largely …

model in which technical advances are embodied in new capital, investment will translate directly into productivity gains … growth than the sum of the contributions of parent and affiliate employment, and materials; (2) productivity has boomed since … 1992, due to productivity growth in MNCs with Canadian affiliates; (3) the investment elasticity of productivity growth is …

and countercyclical exit along a real business cycle lead to endogenous cyclical movements in average firm productivity …

While there is widespread empirical evidence indicating exporting producers have higher productivity than nonexporters … methods, inputs, and product designs from their international contacts, and this learning results in higher productivity for … exporters relative to their more insulated domestic counterparts. Alternatively, the higher productivity of exporters may simply …

Melitz (2003) demonstrates that greater trade openness raises industry productivity via a selection effect and via a … static and dynamic efficiency gains. That is, although freer trade improves industry productivity in a level sense, it harms … endogenises the growth rate of industry productivity and we show that liberalisation slows growth …

productivity growth, and the exit rate leads all three of these. A vintage capital model in which all technological progress is … operational, both output and productivity increase …