This paper argues that the growth of large, efficient but anticompetitive superstar firms is responsible for the recent slowdown in US economic growth. The argument is based on the growth theory that we have previously developed and tested, which is based on the concept of creative destruction

The relationship between R&D expenditures and firm growth is examined for a cross-country firm-level dataset for the EU countries in the period from 1989 to 2019. A panel dynamic average treatment effect is estimated using a panel time-varying dynamic difference-in-differences model. The...

The 1990s were the most prosperous decade in U.S. economic history. The paper analyses to which extent this period fits into preceding cyclical experience. This is done by classifying the period 1991-12 to 2000-12 with the help of a 4-phase classification scheme based on multivariate...

The 1990s were the most prosperous decade in U.S. economic history. The paper analyses to which extent this period fits into preceding cyclical experience. This is done by classifying the period 1991-12 to 2000-12 with the help of a 4-phase classification scheme based on multivariate...

Gegenstand der Studie ist die Quantifizierung des gleichsam automatischen Einflusses der wirtschaftlichen Entwicklung auf einzelne Budgetkomponenten und das Budget insgesamt, um den Effekt einer hypothetischen Änderung in der Entwicklung des Outputs auf das Budget und das Defizit abzuschätzen...

We analyse the role of mass violent conflict in influencing individual expectations. We hypothesise that individuals are likely to report negative expectations if they were exposed to conflict events in the past. We combine individual and household level data from the Northern Uganda Livelihood...

This paper provides evidence of a strong relationship between the short-term dynamics of growth and inequality in developing economies. We find that reductions in inequality during growth upswings are largely reversed during growth slowdowns. Using a new methodology (mediation analysis), we...

We analyse the role of mass violent conflict in influencing individual expectations. We hypothesise that individuals are likely to report negative expectations if they were exposed to conflict events in the past. We combine individual and household level data from the Northern Uganda Livelihood...

Gegenstand der Studie ist die Quantifizierung des gleichsam automatischen Einflusses der wirtschaftlichen Entwicklung auf einzelne Budgetkomponenten und das Budget insgesamt, um den Effekt einer hypothetischen Änderung in der Entwicklung des Outputs auf das Budget und das Defizit abzuschätzen...

Gegenstand der Studie ist die Quantifizierung des gleichsam automatischen Einflusses der wirtschaftlichen Entwicklung auf einzelne Budgetkomponenten und das Budget insgesamt, um den Effekt einer hypothetischen Änderung in der Entwicklung des Outputs auf das Budget und das Defizit abzuschätzen...