We study the aggregate productivity effects of firm-level financial frictions. Credit constraints affect not only …-invest in schooling. Frictions lower aggregate productivity because talent is misallocated across occupations, and capital … responses. We find that these effects combined account for about 1/5 of the U.S.-India aggregate productivity difference …

The fourth issue of the International Productivity Monitor produced by the Centre for the Study of Living Standards … contains five articles. Topics covered are: recent productivity developments in the United States and Canada and implications … for the Canada-U.S. productivity and income gaps; the importance of skills for innovation and productivity; the diffusion …

The impact of demographic developments on productivity is still a little-explored subject. The authors find a strong … and unexpected link between slow labour productivity growth and rapid labour force growth over the period from the mid …