We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …

This paper shows that rising real estate prices reduce industry productivity, because they lead to a reallocation of … labor towards inefficient firms. This has significant negative consequences for aggregate industry productivity. I find that … industries with stronger growth in real estate value see a significant reduction in total factor productivity growth. A 10 …

This study examines the determinants of total factor productivity (TFP) in US firms. Moreover, the firms' technology … activities are more related within similar technologies are able to report higher productivity, especially during economic … recession periods. As such, firms can monitor productivity for strategic reasons such as corporate planning and organisation …

reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the marginal … marginal responsiveness of employment growth to business-level productivity has weakened. The responsiveness in the post-2000 … in the 1990s. Counterfactuals show that weakening productivity responsiveness since 2000 accounts for a significant drag …

the drop in private economy productivity growth between 1990-2000 and 2010-2016, though it accounted for less than 20% of … aggregate value-added. While productivity growth fell in almost all three-digit manufacturing industries, almost 40% of the fall … in aggregate manufacturing productivity growth reflected a slower decline of the deflator for computers and electronic …

, the growing use of intermediates imported from China has contributed to the productivity growth within the manufacturing … production processes of 22 high-income countries. Using China’s productivity as the exogenous variation, the main result – based … average, lead to an increase in productivity by 0.65 per cent among high-income countries, and by 0.40 per cent in the US …

engaged in international markets, drawing on micro-data from Belgium, Finland, Germany, Italy, Japan, Sweden, the United …. Size, productivity and previous exporting experience appear to be decisive factors in dealing with at-the-border and behind … export destination country and for firms that trade bundles of services and manufacturing products, than it is for pure …