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Belo, Frederico; Lin, Xiaoji - 2012

Previous studies show that firms with low inventory growth outperform firms with high inventory growth in the cross-section of publicly traded firms. In addition, inventory investment is volatile and procyclical, and inventory-to-sales is persistent and countercyclical. We embed an inventory...

Persistent link: https://www.econbiz.de/10009697751

Solow residuals without capital stocks

Burda, Michael C. (contributor); … - 2008

For more than fifty years, the Solow decomposition (Solow 1957) has served as the standard measurement of total factor productivity (TFP) growth in economics and management, yet little is known about its precision, especially when the capital stock is poorly measured. Using synthetic data...

Persistent link: https://www.econbiz.de/10003770644

Knowledge and growth in the very long run

Strulik, Holger - 2010 - This version: October 2010

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A …

Persistent link: https://www.econbiz.de/10008906821

Taxation and economic growth in Colombia

Steiner, Roberto - 2014

This Working Paper assesses the impact on investment of a reduction in corporate taxes and the impact on employment, labor formality, and growth of a reduction in non-wage labor costs in Colombia. First, and following Hall and Jorgensen (1967), we estimate an investment function, which depends...

Persistent link: https://www.econbiz.de/10011285598

Knowledge and growth in the very long run

Strulik, Holger - 2012 - This Version: November 2012

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A …

Persistent link: https://www.econbiz.de/10009665630

Knowledge spillovers, ICT and productivity growth

Corrado, Carol; Haskel, Jonathan; Jona-Lasinio, Cécilia - 2014

This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...

Persistent link: https://www.econbiz.de/10010374120

Public debt in an OLG model with imperfect competition : long-run effects of austerity programs and changes in the growth rate

Skott, Peter; Ryoo, Soon - 2013

We show that (i) dynamic inefficiency may be empirically relevant in a modified Diamond model with imperfect competition, (ii) if fiscal policy is used to avoid inefficiency and maintain an optimal capital intensity, the required debt ratio will be inversely related to the growth rate, and (iii)...

Persistent link: https://www.econbiz.de/10010193872

Distribution-led growth in the long run

Nikiforos, Michalis - 2014

The paper examines the long-run fluctuations in growth and distribution through the prism of wage-and profit-led growth. We argue that the relation between distribution of income and growth changes over time. We propose an endogenous mechanism that leads to fluctuations between wage- and...

Persistent link: https://www.econbiz.de/10010402587

Knowledge and growth in the very long-run

Strulik, Holger - 2009

This paper proposes a theory for the evolution of knowledge diffusion and growth over the very long run. A feedback … mechanism between capital accumulation and knowledge spillovers creates a unified growth theory that explains a long epoch of … produced by market R&D activities. -- Endogenous growth ; knowledge spillovers ; R&D ; globalization ; unified growth theory …

Persistent link: https://www.econbiz.de/10003817154

The Dynamic Links between Investment, Trade Openness and Growth in SSA

Mekonnen, Ambachew - 2012

Some studies are skeptical whether further investment is productive and trade liberalization is promising for SSA economic growth. However, the skepticisms are mostly reliant on single equation estimations of contemporaneous effects that may not account for simultaneity and dynamic interactions....

Persistent link: https://www.econbiz.de/10013102137

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