In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains … from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research … and development, brands, and organization capital. What distinguishes technology capital from other forms of capital is …

We use the World Bank Investment Climate Surveys data to analyze the employment of both labor and capital in Indian … relationship to both (i) institutional constraints, and (ii) productivity …

total factor productivity (TFP) and static measures of capital misallocation within a country. Using data on 5 … between productivity volatility and the dispersion of the marginal revenue product of capital (static capital misallocation … time-series volatility of productivity are also characterized by greater cross-sectional dispersion in productivity …

) productivity growth, as more productive businesses displace less productive ones. However, this research has been limited by the … productivity measures. If prices reflect idiosyncratic demand or market power shifts, high "productivity" businesses may not be … selection and productivity growth using data from industries where we observe producer-level quantities and prices separately …

-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production …, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital …

annual Census Bureau information on 116 pulp and paper mills' vintage, technology, productivity, and pollution abatement … productivity show the importance of allowing for differences based on plant technology. In a model incorporating technology …Does the impact of environmental regulation differ by plant vintage and technology? We answer this question using …

productivity growth, higher markups in product markets, and spending declines resulting from tighter lending standards at financial … even after the driving force itself has subsided. Depletion of the capital stock is the most important of these propagation …

-thirds of cross-country labor productivity differences. Both selection and technology channels are important. Variation in …We examine aggregate productivity differences across nations using cross-country firm-level data and a quantitative … model of production heterogeneity with distortions featuring operation decisions (selection) and productivity …

reallocation of capital across sectors is costly. The two-sector model leads to a richer array of possible responses of aggregate … predictions of a multi-sector neoclassical model. In particular, consumption, real product wages and manufacturing productivity …