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 …

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 …

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 …

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 …

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 …

and competition in the UK service sectors will create a supportive environment for strong productivity performance … services in output and its integration in the world economy. Productivity growth in the United Kingdom has consistently … financial crisis. Sluggish productivity growth in the service sectors was the main factor behind this weak performance. Raising …

This paper examines the link between barriers to trade and investment and productivity performance, in the United … a robust determinant of productivity in the long term. Control variables such as spending on R&D and human capital also … range of productivity measures as well as to changes in the sectoral coverage and the set of controls. …

paper sheds new light on the labour productivity premium from adopting digital technologies and boosting digital skill use …. The productivity premium is decomposed into a direct effect benefitting the firms actually increasing their digital … intensity, and an indirect effect of belonging to a sector with high digital intensity. The firm-level productivity premium of …