We compare the government investment and government consumption multipliers in the advanced economies during the recent … investment multiplier is likely to be much higher than what has been assumed by the policy makers and much higher that the … consumption multiplier. This points out that the consolidation should be accompanied by increased public investment …

In this article I demonstrate the relationship between research and development expenditure, and rm productivity. Using … data envelopment, I construct a measure of the firm-level distance from the industry-wide productivity frontier. Firms ex …-ante further from the productivity frontier invest more in R&D. On average, a 1% larger distance from the frontier causes a 0 …

This paper contributes to the productivity literature by using results from firm-level productivity studies to improve … forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity … to build times-series components that capture the joint dynamics of the firm-level productivity and size distributions …

This paper contributes to the productivity literature by using results from firm-level productivity studies to improve … forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity … to build times-series components that capture the joint dynamics of the firm-level productivity and size distributions …

economic theory to explain past growth, this unique book explores the fundamental relationship between thermodynamics (physical …