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The Chilean economy experienced a decade of sustained growth in aggregate out-put and productivity after the 1982 … financial crisis. This paper analyzes the effects of resource misallocation on total factor productivity (TFP) of the …
Persistent link: https://www.econbiz.de/10013081630
during the crisis in 2008 and 2009, ICT-intensive firms were hit less hard with respect to their productivity. This holds in … innovations during that period which could explain their better productivity performance compared to non-ICT intensive firms. …
Persistent link: https://www.econbiz.de/10011701679
factor revenue productivity across firms within an industry could have boosted valued-added 48 percent and 79 percent above …
Persistent link: https://www.econbiz.de/10013014266
Total factor productivity (TFP) is considered the key determinant of long-term and sustainable economic growth. The … mostly driven by the rise and fall of the capital-to-labor ratio (capital deepening) while the role of labor productivity is …
Persistent link: https://www.econbiz.de/10012908966
Certainly the current crisis is affecting seriously the convergence process in EU. Starting from the spatial distribution in EU of some fundamental development indicators before the current crisis, we try to estimate the impact of the prolonged crisis. During last years, the less developed...
Persistent link: https://www.econbiz.de/10011515567
All types of recessions, on average, not just those associated with financial and political crises (as in Cerra and Saxena, AER 2008), lead to permanent output losses. These findings have far-reaching conceptual and policy implications. A new paradigm of the business cycle needs to account for...
Persistent link: https://www.econbiz.de/10012928622
empirically revisit the traditional financial development proxies relationship with economic growth after world's second greatest …
Persistent link: https://www.econbiz.de/10012952859
during the crisis in 2008 and 2009, ICT-intensive firms were hit less hard with respect to their productivity. This holds in … innovations during that period which could explain their better productivity performance compared to non-ICT intensive firms …
Persistent link: https://www.econbiz.de/10012949855
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
models suggest that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a …-level exposure to the 2008-9 financial crisis, I show that tight credit reduced investments in productivity-enhancement, and has … 12% higher today if productivity-enhancing investments had grown at pre-crisis rates. …
Persistent link: https://www.econbiz.de/10011573282