Showing 1 - 10 of 94,934
This paper studies the effects of financial development, taking into account both formal and informal financing. Using cross-country firm-level data, we document that informal financing is utilized more by rich countries than poor countries. To account for this empirical pattern, we build a...
Persistent link: https://www.econbiz.de/10012014504
rates have fallen, suggesting that the creative destruction process has lost some of its vitality. Meanwhile, productivity … growth has slowed. Some believe that lower entry and exit rates partly explain the weaker productivity growth. However, the … information about, or Granger-cause, future productivity? We do not find significant evidence that entry rates Granger …
Persistent link: https://www.econbiz.de/10012014470
productivity. An important issue, therefore, is how to measure allocative efficiency. We compare popular indicators of allocative … productivity and to the Olley-Pakes (OP) covariance component, which is currently the most popular measure of allocative efficiency …
Persistent link: https://www.econbiz.de/10012037564
This paper uncovers an inverted U-shaped relationship between firm exit and total factor productivity (TFP) growth …
Persistent link: https://www.econbiz.de/10014496149
rates have fallen, suggesting that the creative destruction process has lost some of its vitality. Meanwhile, productivity … growth has slowed. Some believe that lower entry and exit rates partly explain the weaker productivity growth. However, the … information about, or Granger-cause, future productivity? We do not find significant evidence that entry rates Granger …
Persistent link: https://www.econbiz.de/10011814218
Understanding the causes of the slowdown in aggregate productivity growth is key to maintaining the competitiveness of … Knowledge-Based Capital (KBC), despite having a positive effect on productivity at the micro level, is a driver of the weak … productivity performance at the aggregate level, by accentuating divergence between a group of "frontier" firms and the rest of the …
Persistent link: https://www.econbiz.de/10012215260
productivity. An important issue, therefore, is how to measure allocative efficiency. We compare popular indicators of allocative … productivity and to the Olley-Pakes (OP) covariance component, which is currently the most popular measure of allocative efficiency …
Persistent link: https://www.econbiz.de/10010987367
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
This paper uncovers an inverted U-shaped relationship between firm exit and total factor productivity (TFP) growth …
Persistent link: https://www.econbiz.de/10014462313
on the linkages between open and competitive markets (competitive intensity) and innovation and productivity growth. The … competitive intensity, innovation and productivity. The second section examines relevant empirical work that has been done on the … the international case studies of the effects of open and competitive markets on innovation and productivity. The report …
Persistent link: https://www.econbiz.de/10005518941