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The growth of business firms is an example of a system of complex interacting units that resembles complex interacting systems in nature such as earthquakes. Remarkably, work in econophysics has provided evidence that the statistical properties of the growth of business firms follow the same...
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their ability to reduce costs, enabling research and development, increased productivity among other advantages. This paper …
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role of input entry and exit in driving economic growth. … account for a large portion of the trend component of growth in aggregate productivity. Our findings highlight the crucial …
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The structure of the Nigerian economy is typical of an underdeveloped country. The primary sector, in particular, the oil and gas sector, dominates the gross domestic product accounting for over 95 per cent of export earnings and about 85 per cent of government revenue between 2011 and 2012. The...
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This article explores the dynamics of market selection by investigating of the relationships linking productivity … that productivity variations, rather than relative levels, are the dominant productivity-related determinant of firm growth …
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and the Generalized Method of Moments estimators to test, respectively, for Total Factor Productivity determinants and … labor productivity convergence driving forces (i.e.capital accumulation and technological catch-up) in different … cross-country heterogeneity of labor productivity convergence tendencies. My results show that technology growth rate is …
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