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This working paper reviews recent empirical evidence on large firms and nonproductive strategies that hinder creative destruction and reallocation. The focus is on three types of nonproductive strategies: political connections, nonproductive patenting, and anticompetitive acquisitions. Across...
Persistent link: https://www.econbiz.de/10012649571
at least half of product innovation and growth comes from firms that never patent. We also find that market leaders use …
Persistent link: https://www.econbiz.de/10012203391
establishments. A model of firm growth subject to firing costs suggests the rise of contract labor increased TFP in Indian … change in the long-run growth rate …
Persistent link: https://www.econbiz.de/10013215586
The Pareto-like tail of the size distribution of firms can arise from random growth of productivity or stochastic … accumulation of capital. If the shocks that give rise to firm growth are perfectly correlated within a firm, then the growth rates … of small and large firms are equally volatile, contrary to what is found in the data. If firm growth is the result of …
Persistent link: https://www.econbiz.de/10013146140
introducing innovative products outside of the previously feasible is a key to firm growth. It provides opportunities to capture … high-end vertically differentiated product markets when successful while also facilitating the firm's growth through …
Persistent link: https://www.econbiz.de/10012830111
Greece's currently planned institutional reforms will help to get the country going with limited economic growth. With …
Persistent link: https://www.econbiz.de/10010128350
Greece’s currently planned institutional reforms will help to get the country going with limited economic growth. With …
Persistent link: https://www.econbiz.de/10010209745
driving growth across the EU, such as knowledge-intensive services, are instead stagnating in Italy. Previous structural … focus on creating such growth-friendly conditions for businesses in future-oriented industries. Our own calculations show …
Persistent link: https://www.econbiz.de/10011983469
unaddressed. Greece cannot achieve its urgently needed strong and sustainable economic growth without these reforms. When the …
Persistent link: https://www.econbiz.de/10011874441
growth model with political connections that help firms ease their bureaucratic and regulatory burden. The model highlights … growth in employment and revenues, but not in productivity. This result was also confirmed using the regression discontinuity … growth …
Persistent link: https://www.econbiz.de/10014240947