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 …

In this report we review the literature on the relationship between ICT and productivity. In Sect. 1 we discuss in … broad terms the theoretical relationship between ICT and productivity, while in Sect. 2 we present the growth accounting …, total factor productivity). Within the growth-accounting methodology, in Sect. 3, we discuss the U.S. - E.U. productivity …

Using a cross-country firm level panel dataset from 1995 to 2015, this paper revisits the finance–productivity nexus by … result, financial frictions are expected to be more binding for productivity growth in sectors where intangibles have become … level. We provide evidence that financial frictions act as a drag on productivity growth and especially so with respect to …

policies to cross-country differences in productivity, innovation and resource allocation. This paper describes the steps taken … to and the trade-offs involved in constructing firm-level total factor productivity (TFP) measures using ORBIS, a cross … productivity measures can be calculated using readily available variables for all countries, and presents possible solutions to …

productivity, exporting more sophisticated products and a less concentrated export basket (Kowalski et al., 2015). However, it is …

as well as their broader impacts on productivity via reallocation, relying on a simulation model and econometric … productivity levels over the medium-term. Results suggest that, over the 2007-2018 period, increases in large-scale loan guarantee … schemes were associated with weaker reallocation of credit and labour from low to high productivity firms. However, these …

Productivity growth has declined in most advanced economies in the past two decades and there are signs that the pace … - international trade in intermediate inputs - for multi-factor productivity growth using a range of cross-country industry-level data … sources. We find that greater participation in GVCs is associated with faster domestic productivity growth at the industry …