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evolution and decomposition of standard aggregate productivity measures. After controlling for such biases, we decompose … types, if anything, contribute negatively to aggregate productivity and productivity growth. …We demonstrate that common modeling assumptions underlying micro-unit productivity indices induce biases in the …
Persistent link: https://www.econbiz.de/10011802718
The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated … growth. Focusing on the direct channels of growth, the author has found both positive and negative contribution of finance to …
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because of risk sharing. The theoretical results for the growth rate depend on differences in productivity and in consumption … the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … consumption-wealth ratio, and welfare should be greater in an open economy because of higher productivity and/or less volatility …
Persistent link: https://www.econbiz.de/10010187510
less healthy for several years after the crisis. Regions with less supervisory forbearance experience higher productivity … growth after the crisis with more firm entries, job creation, and employment, wages, patents, and output growth. Supervisory …
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We set up an endogenous growth model in which the efficiency of both capital and fossil energy can be improved, whereas … states: one stagnant where energy is fully derived from the alternative energy source, and one with balanced growth where …
Persistent link: https://www.econbiz.de/10010529424
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