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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 …
Persistent link: https://www.econbiz.de/10011802718
Employing the Pedroni co-integration technique and the GMM estimator, this paper aims at investigating the possible connection between financial development, financial openness and trade openness in twenty-nine Asian developing countries over 1994-2008. Firstly, we find a bidirectional causality...
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Many economic reforms are undertaken at a time of economic crisis. But is this a good time to undertake trade reform? In this paper we investigate whether an economic crisis at the time of trade liberalization affects a country's subsequent growth performance. We employ threshold regression...
Persistent link: https://www.econbiz.de/10012724543
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 …
Persistent link: https://www.econbiz.de/10012805675
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countries will be able to meet the employment and poverty reduction goals set by the World Summit for Social Development, held … whether or not developing countries will be able to eradicate poverty and achieve full employment with rising productivity and … the institutional arrangements of the world economy under liberalization and globalization? Washington Consensus—Has the …
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