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Great Recession in the United Kingdom was more closely associated with a decline in productivity. Motivated by the similar …
Persistent link: https://www.econbiz.de/10014263358
In this paper, we examine the influence of information rigidities concerning the net worth of banks on the real economy over time. In a first part, we show empirically that expectations about the net earnings of banks (as growth of net worth) are truly biased, particularly during the financial...
Persistent link: https://www.econbiz.de/10011543367
Total factor productivity (TFP) is considered the key determinant of long-term and sustainable economic growth. The … mostly driven by the rise and fall of the capital-to-labor ratio (capital deepening) while the role of labor productivity is …
Persistent link: https://www.econbiz.de/10012908966
as both individual-level and firm-level productivity metrics. We find that human capital exits firms after a negative … idiosyncratic shock. Specifically, we find that more productive players move to more productive clubs and maintain their long …-term productivity. They get replaced with lower productivity players. Overall, our results show that in a setting with highly …
Persistent link: https://www.econbiz.de/10013213831
productivity growth-particularly among the less productive firms under private Chinese or foreign ownership, but not among state …
Persistent link: https://www.econbiz.de/10011516714
factor productivity growth–particularly among the less productive firms under private Chinese or foreign ownership, but not …
Persistent link: https://www.econbiz.de/10011519046
factor productivity growth-particularly among the less productive firms under private Chinese or foreign ownership, but not …
Persistent link: https://www.econbiz.de/10011718640
factor productivity growth–particularly among the less productive firms under private Chinese or foreign ownership, but not …
Persistent link: https://www.econbiz.de/10012947448
We provide broad-based evidence of a firm size premium of total factor productivity (TFP) growth in Europe after the …
Persistent link: https://www.econbiz.de/10013250069
the aggregate total factor productivity rate of growth (Solow residual). Our approach relies on the interaction between …
Persistent link: https://www.econbiz.de/10013034495