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Korea is a top player in emerging digital technologies, with an outstanding digital infrastructure and a dynamic ICT …. Digital technologies offer opportunities to raise firms’ productivity and the population’s well-being. However, wide … productivity gaps between large firms and SMEs and between manufacturing and services weigh on economy-wide productivity, which is …
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Multifactor productivity (MFP) is increasingly used in economic policy, not least to compute potential output. Most …-products of the production process such as air pollution that could have deleterious effect on health and productivity in the …
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bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and … constrains the growth of more productive firms, to the detriment of aggregate productivity growth. Our results suggest that …
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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 …
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