uncertainty, firms that are credit constrained switch the composition of investment by reducing productivity-enhancing investment …We show that an increase in aggregate uncertainty - measured by stock market volatility - reduces productivity growth … difference-in-difference approach using productivity growth of 25 industries from 18 advanced economies over the period 1985 …

This paper addresses the empirical relationship between the level of competition and the rate of productivity growth … level of competition for each sector that is defined by the mark-up that maximizes the growth rate of labor productivity …. The information technologies Sectors have the highest mark-ups for maximizing productivity growth. The persistence of …