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In standard error correction models GDP and credit share a long-run cointegration relationship with causality running from GDP to credit. The models are inconclusive about the question whether credit has also a positive impact on GDP. A reason for the mixed effects is the dual nature of credit,...
Persistent link: https://www.econbiz.de/10013031774
' productivity. This effect is larger for those firms with access to bank credit and investment opportunities than for firms that …. The relevant parameters indicating a positive effect of bank credit to productivity are consistent between estimation …
Persistent link: https://www.econbiz.de/10010500820
Persistent link: https://www.econbiz.de/10014535851
We describe new experimental productivity statistics, Dispersion Statistics on Productivity (DiSP), jointly developed … and published by the Bureau of Labor Statistics (BLS) and the Census Bureau. Official BLS productivity statistics provide … information on aggregate productivity growth. Yet, a large body of research shows that within-industry variation in productivity …
Persistent link: https://www.econbiz.de/10012550217
regional business cycles and manufacturing productivity in a developing country, namely Colombia. Design … motion of productivity (the Markov process), the authors obtain Total Factor Productivity (TFP) through the Wooldridge's two … results suggest a remarkable causality, both contemporary and non-contemporary, from productivity to GDP (but not vice versa …
Persistent link: https://www.econbiz.de/10014418038
This staff working paper (by Paula Barnes) examines multifactor productivity growth cycles at the industry level in … cycles chosen to examine industry MFP growth can have a considerable effect on the interpretation of industry productivity … performance over time. Growth in productivity is a key determinant of long-term economic growth and hence income growth. As …
Persistent link: https://www.econbiz.de/10013110624
This paper uses the data envelopment analysis (DEA) based Malmquist productivity index to estimate total factor … productivity growth (TFPG), technical change, and efficiency change for a panel of firms during the period 1991 to 2001 in 26 … Indian manufacturing industries. The paper then analyses the factors explaining productivity growth, technical change and …
Persistent link: https://www.econbiz.de/10010437777
in the effect and size of productivity shocks explain most of the gap in misallocation between manufacturing and services …, while the remainder is explained by differences in firm productivity and age distribution. We interpret these results as …
Persistent link: https://www.econbiz.de/10011859483
spillovers on firm-level productivity are extensively studied in applied work, but not in the context of resource misallocation …
Persistent link: https://www.econbiz.de/10014433378
This paper determines the relative importance of technical efficiency and reallocation for aggregate productivity … of productivity differences across firms. More precisely, we have information on human capital such as the level of … productivity growth by applying the decomposition introduced by Petrin and Levinsohn (2012). The outcome of this exercise will not …
Persistent link: https://www.econbiz.de/10011506777