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Canada’s Potential Productivity and Output Growth : A Post-Crisis Assessment

Estevão, Marcello M. - 2011

This study investigates the impact of the current financial crisis on Canada's potential GDP growth. Using a simple accounting framework to decompose trend GDP growth into changes in capital, labour services, and total factor productivity, we find a sizeable drop in Canadian potential growth...

Persistent link: https://www.econbiz.de/10013127590

Credit Supply and Productivity Growth

Manaresi, Francesco - 2019

We study the impact of bank credit on firm productivity. We exploit a matched firm-bankdatabase covering all the credit relationships of Italian corporations, together with a naturalexperiment, to measure idiosyncratic supply-side shocks to credit availability and to estimatea production model...

Persistent link: https://www.econbiz.de/10012868471

What Happens If Central Banks Misdiagnose a Slowdown in Potential Output

Bakker, Bas Berend - 2019

In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown was not the result of weak demand (there has been no shift along the Okun curve), but of a decline in potential output growth (which has shifted the Okun curve to the left). We...

Persistent link: https://www.econbiz.de/10012859859

Banks Credit and Productivity Growth

Hassan, Fadi - 2017

Financial institutions are key to allocate capital to its most productive uses. In order to examine the relationship between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping generations of entrepreneurs under complete and...

Persistent link: https://www.econbiz.de/10012963911

Debt and productivity : evidence from firm-level data

Gomis, Roger M.; Khatiwada, Sameer - 2017

There are relatively few studies that use micro data to shed light on the relationship between finance and economic growth - the few that exists show that there is a positive relationship between debt and future productivity growth. Meanwhile, several new macro-econometric studies have shown...

Persistent link: https://www.econbiz.de/10011582310

Bank Market Power, Factor Reallocation, and Aggregate Growth

Inklaar, Robert; Koetter, Michael; Noth, Felix - 2015

Using a unique firm-level sample of approximately 700,000 firm-year observations of German small and medium-sized enterprises (SMEs), this study seeks to identify the effect of bank market power on aggregate growth components. We test for a pre-crisis sample whether bank market power spurs or...

Persistent link: https://www.econbiz.de/10013037496

Patterns and drivers of financial sector growth in the digital age : insights from a study of industrialized economies

Vu, Khuong; Asongu, Simplice - 2023

The financial sector in advanced economies has undergone significant evolution driven by restructuring, globalization, and the digital revolution, which have profoundly shaped its developmental dynamics. This study investigates the forces behind the growth and convergence of the financial sector...

Persistent link: https://www.econbiz.de/10014339316

Fostering inclusive growth in Turkey by promoting structural change in the business sector

Gönenç, Rauf; Röhn, Oliver; Koen, Vincent; … - 2014

Turkey’s business sector dynamism has underpinned broad-based and inclusive growth in the 2000s. However, the business … transfers from low to higher productivity businesses. This ought to be achieved by aligning Turkey’s formal regulatory and tax …

Persistent link: https://www.econbiz.de/10010464942

An institutional approach and input-output analysis for explaining the transformation of the Turkish economy

Ünal, Emre - In: Journal of economic structures : JES; the official … 7 (2018) 3, pp. 1-38

strategies. In the early 1980s, most of the developed countries, in parallel with which Turkey had development policies …, implemented strong institutional changes via deregulation policies, but Turkey could not produce the necessary configurations in … accord with open and export growth economies. The period between 1985 and 2003 was a long transformational period for Turkey …

Persistent link: https://www.econbiz.de/10011823422

Real convergence and the determinants of growth in EU candidate and potential candidate countries : a panel data approach

Borys, Magdalena Morgese; Polgár, Éva Katalin; Zlate, … - 2008

The EU candidate and potential candidate countries have made considerable progress in economic transition and integration into the world economy within less than two decades. Nevertheless, gaps in terms of income per capita relative to the euro area remain large. This suggests that the...

Persistent link: https://www.econbiz.de/10011641211