Over recent years `opportunity cost' (OC) models of growth have been constructed which suggest that firms take …

equilibrium allocation in Hopenhayn (1992)’s model of equilibrium industry dynamics, amended to allow for investment in physical … idiosyncratic productivity is mean-reverting, mean and variance of the distribution of productivity growth are pro-cyclical …

If the relation between investment and economic growth is well established in the macroeconomic literature, the … linking investment and firm performance in the French and Italian manufacturing industries. It does so by putting forth a … novel methodology to identify investment spikes that corrects for size dependence. While maintaining the desired properties …

If the relation between investment and economic growth is well established in the macroeconomic literature, the … linking investment and firm performance in the French and Italian manufacturing industries. It does so by putting forth a … novel methodology to identify investment spikes that corrects for size dependence. While maintaining the desired properties …

If the relation between investment and economic growth is well established in the macroeconomic literature, the … linking investment and firm performance in the French and Italian manufacturing industries. It does so by putting forth a … novel methodology to identify investment spikes that corrects for size dependence. While maintaining the desired properties …

From a theoretical perspective the link between the speed and scope of rapid labor reallocation and productivity growth … or income inequality is ambiguous. Do reallocations with more flows tend to produce higher productivity growth? Does such … flows and productivity growth as well as income inequality. Our findings suggest only weak and short term links with …

indication of the importance of barriers to firm growth as opposed to barriers to entry. Transition economies show an even more …-entry growth of successful firms. …

This paper studies the role of technology and competition in industry-wide productivity growth. We rely on a unique … of time and lead to substantial productivity growth for the industry as a whole. More specifically, we find that the … introduction of a new production technology spurred productivity growth through two channels. First, the entry of minimills lead to …