major financial or economic crash. With a shrinking labor force and declining efficiency of investment, raising productivity …

the level of total factor productivity (TFP). In the model, a financial shock leads to a rise in the spread between the … TFP growth. In turn, this leads to permanent falls in the levels of output and labour productivity …

We demonstrate that common modeling assumptions underlying micro-unit productivity indices induce biases in the … evolution and decomposition of standard aggregate productivity measures. After controlling for such biases, we decompose … aggregate productivity based on groups of economically significant firm types. We show that large incumbent firms that both …

This article analyzes the impact of institutional investors on firm productivity duringthe financial crisis 2008 … constrained indicating that foreign insti-tutional ownership prevents the known productivity slowdown during the financial …