technologies, associated with high total factor productivity and high returns to skills, are complementary to highly educated …

model, the state-wide total factor productivity growth (TFPG) indices of US commercial banks for each state for the 1971 …-1995 period. We observe that the productivity growth of commercial banks in state i depends strongly, positively, and … contemporaneously on the productivity growth of commercial banks located in state i's contiguous states. Further, regulatory space …

aggregate productivity growth. We focus our attention on foreign firms and small firms for three reasons. First, industrial …-digit level industries for the 1983-2001 period. We decompose productivity growth into its components (structural change …, entry and exit, technical change, efficiency change, and scale effects) by firm ownership and size. The decomposition …

-term rate of productivity growth, but the effect depends critically on a country's level of financial development. For countries …

productivity growth - is observed for foreign direct investment (FDI) flows, which should be particularly sensitive to productivity …, construction, mining/petroleum/utilities, and tourism sector. By contrast, we show that countries with faster productivity growth … role for financial openness: a country with fast productivity growth draws in more FDI into its service sectors only when …

international real business cycle (IRBC) models cannot reproduce this fact. We show that total factor productivity processes for the …

monotonically increasing in either the reliability of the communication network or the productivity of innovation. …

issue of productivity catching-up, international specialisation and labour market effects in a dynamic multi …. These Schumpeterian features are the impact of transitory rents, emerging from (labour) productivity-enhancing technological … progress or catching- up processes, upon the price-, wage- and quantity system of the trading economies. Relative productivity …

general pattern of productivity growth and industrial development. This paper surveys the literature on services trade …