propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced … potential of growth theory for the analysis of factors behind declining business dynamism and the need for further investigation …

Empirical data show that firms tend to improve their ranking in the productivity distribution over time. A stickyprice … model with firm-level productivity growth fits this data and predicts that the optimal long-run inflation rate is positive … with firm-level productivity growth, and optimal inflation stabilization policies are standard. In a two-sector extension …

of foreign entry on the productivity growth of domestic firms. In the face of foreign entry, domestic firms exhibit … technological distance from their foreign counterparts tend to experience faster productivity growth, while firms with larger …