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The empirical evidence on within firm productivity improvements from exports has largely been understated because the … measures of revenue productivity used do not account for pricing heterogeneity across firms. Using a panel of Indian firms, the … analysis in this paper controls for firm variation in prices and uses proxy methods to retrieve measures of productivity that …
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This paper examines productivity dynamics and drivers for Pakistani firms listed in the stock exchange (publicly listed …, to assess their impact on productivity downstream. The paper presents three main findings. First, the productivity of … productive firms, and their productivity grows after being acquired. Exporters tend to exhibit productivity growth after becoming …
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Growth fluctuations exhibit substantial synchronization across countries, which has been viewed as reflecting a global business cycle driven by shocks with worldwide reach, or spillovers resulting from local real and/or financial linkages between countries. This paper brings these two...
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Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
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The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global...
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