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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 …
Persistent link: https://www.econbiz.de/10011634332
We show that an increase in aggregate uncertainty-measured by stock market volatility-reduces productivity growth more … using productivity growth for 25 industries for 18 advanced economies over the period 1985-2010-mitigates concerns with …
Persistent link: https://www.econbiz.de/10012977789
Persistent link: https://www.econbiz.de/10010199472
To what extent has input reallocation contributed to aggregate productivity growth in the banking sectors of Europe and … productivity has grown by reallocating inputs through the first half of the sample period, at the same time when reallocation … reallocation is an important driver of increases in productivity. …
Persistent link: https://www.econbiz.de/10010486867
In this paper, it is argued that ICT investment is closely linked with complementary innovations and most productive in … estimates for an extended production function framework reveal significant productivity effects of ICT in the German service … specific feature that makes ICT investment more productive. The results suggest that ICT may have been contributing to …
Persistent link: https://www.econbiz.de/10014112771
This paper examines the impact of Dollar exchange rate volatility on firm productivity in Emerging Markets economies … volatility reduces firm productivity growth. Exploring channels, its finds that the results are driven by countries with low … volatility. In addition, we also find evidence of a large and persistent effect on firms with highly irreversible investment …
Persistent link: https://www.econbiz.de/10014350158
Research and Development (R&D) activities of emerging countries (EMEs) have increased considerably in recent years. Recent micro studies and anecdotal evidence points to industrialized countries as the sources of knowledge in EMEs. In this context, we examine ideas production and international...
Persistent link: https://www.econbiz.de/10011752254
Productivity reflects not only how efficiently inputs are transformed into outputs, but also how well information is …
Persistent link: https://www.econbiz.de/10014089520
The volume of work on productivity effects of research and development (R&D) investment has expanded significantly … primary studies, we report that the average effect of R&D capital on productivity and the average rate of return on R …&D investment are both positive, but smaller than the summary measures reported in previous narrative reviews and meta …
Persistent link: https://www.econbiz.de/10013044572
In this paper we analyze the effects of external shocks on countries in Emerging Asia. For that purpose, we estimate a Bayesian Vector Auto-Regressive model (BVAR) with an informative prior on the steady state, including variables representing world economic activity, financial conditions,...
Persistent link: https://www.econbiz.de/10008779982