). On average, the volatility of idiosyncratic TFP growth rate has increased, being associated with higher idiosyncratic … return volatility. The connection between TFP growth and economic profits provides an explanation for the increase in the …

volatility reduces firm productivity growth. Exploring channels, its finds that the results are driven by countries with low …

I study the effects of uncertainty on technology adoption and thereby on volatility and growth. I present an … and volatility of output growth are jointly determined in equilibrium. I then test the key predictions of the model by … phones. I find that countries with more volatile growth rates of real GDP per capita have higher time adoption lags and lower …