through its effect on productivity: the entry and exit of firms and the reallocation of resources from less to more efficient … firms explain a relevant part of transitional productivity dynamics. In this paper we use a stochastic general equilibrium …

This paper analyzes the role productivity growth had on disinflation in Chile during the 1990s. It argues that … productivity growth was key in avoiding the output costs of stabilization in a highly indexed economy. Disinflation from the early … performance, which combined simultaneously very high rates of growth and declining inflation, productivity stands high. The …

, productivity growth has been much higher in Europe than in the United States. Productivity levels are roughly similar in the … European Union and in the United States today. The main difference is that Europe has used some of the increase in productivity …

productivity (TFP) estimates of Hsieh (2002) for Singapore. We find that TFP growth is insignificantly different from zero in any …

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 …

bubbles tend to appear and expand in countries where productivity is low relative to the rest of the world. These bubbles … productivity countries. Through this channel, bubbles act as substitute for international capital flows, improving the …

expansion, a stock market boom, a financing boom for new firms and productivity gains. In this paper, we propose an … production. We show that the mere prospect of high future productivity growth can generate sizable gains in current productivity …

France. During the 1980s and 1990s Britain halted the relative declines in GDP per capita and labour productivity that had …

is positively related to industry productivity growth. The effects are very modest -- adding at most 0.07 percentage … points to annual labor productivity growth …