impact on the investment incentives and thus on long-run development. Increasing the discount rate from 0.9% to 4.5% leads to …

role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …

in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … investment and, subsequently, lower employment and productivity growth. There is little evidence that unionization leads to … Medoff are clearly correct that union productivity effects vary substantially across workplaces. Their conclusion that union …

We study the incidence of offshoring, or trade in tasks, on firms' productivity and on manufacturing employment in a … has a Hick's neutral technological edge over the other, tasks in which the productivity edge more than offsets offshoring … costs get offshored, giving rise to global disintegration of the production process. Offshoring raises firms' productivity …

to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing … many countries. We conclude that the productivity gains through labour re-allocation are potentially a significant …