form of compliance cost could be rent seeking by employing "expensive design and a trophy architect" to get "more rentable …

The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated … growth. Focusing on the direct channels of growth, the author has found both positive and negative contribution of finance to …

The dramatic stock market crash of March 2020 was preceded by a prolonged rise in Tobin's Q and a productivity slowdown … question about Q by estimating an endogenous growth model featuring realistic risk premia and markups. Our baseline estimates … highlight the importance of rising market power for explaining increasing valuation ratios despite declining growth prospects …