productive and active VC industry boosts innovation driven growth. …

credit expansion. In particular, too much finance can have a negative impact on growth. We examine the microeconomic … foundations of this argument, positing a non-monotonic relationship between leverage and firm-level productivity growth in the … Eastern European countries confirms that TFP growth increases with leverage until the latter reaches a critical threshold …

importantly, we show that nongrowth firm values are comparable to growth firm values unless we assume a rise in growth consistent … with projections under TCJA where tax rates are lower. We demonstrate this projected growth increase is the key to make …

and the trend rate of productivity growth is small, a rise in firing costs affects mainly the hiring decision. Thus there … growth is large, firing costs affect mainly the firing decision. Then, as a result, average employment is increased. Our … first two decades following World War II - when large supply shocks were absent and the average rate of growth was high …