the manufacturing sector during the inter-war period. A comparative analysis of the USA, Britain, Germany, and Japan shows … electricity diffusion. Germany's labour productivity growth was nevertheless sustained in 1925 - 1938. The USA saw an earlier …

volatility. Using monthly data of the industrial production indices in the five economies and applying the ARCH/GARCH models to … generate a measure of output volatility to conduct the two-step approach, the results show that output volatility positively … it will not alter the volatility and growth relationship …

We document how firm-specific volatility in sales, earnings and employment growth evolved year by year in Japan. Our … volatility measure also indicates the evolution of firm turnover. We find that patterns in firm-specific volatility have changed …. Firm volatility tended to decline during the recovery after 2002. We assess whether the rise in firm turnover and deep …

We document how firm-specific volatility in sales, earnings and employment growth evolved year by year in Japan. Our … volatility measure also indicates the evolution of firm turnover. We find that patterns in firm-specific volatility have changed …. Firm volatility tended to decline during the recovery after 2002. We assess whether the rise in firm turnover and deep …