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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10010231008
The correlation between a firm’s size and its productivity level varies considerably across OECD countries, suggesting … that some countries are more successful at channelling resources to high productivity firms than others. Accordingly, we … examine the extent to which regulations affecting product, labour and credit markets influence productivity, via their effect …
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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 …
Persistent link: https://www.econbiz.de/10011975741
central hubs and peripheral countries and sectors, and examine how these changes impact firm productivity. Using cross … productivity growth of smaller firms, nonfrontier businesses, and of firms in smaller economies and in post-2004 EU member … (centrality weighted) average productivity of buyers matters for the productivity of firms in our data overall, however this is …
Persistent link: https://www.econbiz.de/10011975703
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 …
Persistent link: https://www.econbiz.de/10009767749
This paper presents a productivity growth measure that explicitly accounts for natural capital as an input factor and … productivity measurement for bad outputs and estimates of their shadow prices, while the inclusion of natural capital is discussed … in more depth in a companion paper. As bad outputs are the target of environmental policies, a productivity measure that …
Persistent link: https://www.econbiz.de/10010464966