to scale. Total factor productivity growth, estimated as an unobservable variable, has declined steadily since the late …

applies it to Japan. Using firm-level financial statement data, it estimates total factor productivity (TFP) of individual … Japanese firms. Given the estimated distribution of productivity across firms, the paper simulates the effect of optimal …

(FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …

productivity. Empirical results reported in this paper confirm this expectation: in low-income countries, factor productivity is … from a reduction in unsustainable fiscal deficits because of governance-related factor productivity responses that increase …

Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the … large productivity gains in the United States during the same period. This paper shows that the deceleration in labor … productivity in the euro area was caused by structural changes in wage formation that have affected the relative price of labor …

productivity in the manufacturing sector, focusing on the interaction between this policy shock and firm and environment … productivity. Specifically, reductions in trade protectionism lead to higher levels and growth of firm productivity, with this … climate, and financial development, do not appear to influence the effect of trade liberalization on firm productivity …

measures differences in labor productivity (the Ricardian measure), and the other differences in total factor productivity (the …

-level productivity, focusing on the case of Estonia. We contribute to the literature in two important respects: (i) we look explicitly at … constrained. More importantly, we find that financial constraints do not lower productivity for most sectors …