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This paper estimates the impact of financial development on industry-level total factor productivity (TFP) growth using …
Persistent link: https://www.econbiz.de/10003849379
The U.S. economy has experienced a rapid expansion in industries with low productivity growth. In this paper, we … investigate whether financial development improves productivity growth in these industries. Testing reveals that stagnant … industries experience remarkable post-deregulation productivity growth improvement. This result is not an artefact of growing …
Persistent link: https://www.econbiz.de/10012851019
This paper estimates the impact of financial development on industry-level total factor productivity (TFP) growth using …
Persistent link: https://www.econbiz.de/10010278217
This paper investigates thresholds of inflation, government size, trade openness, and per capita income for the finance-growth nexus using five-year averages of standard variables for 84 countries from 1965 to 2004. The results suggest that (i) high inflation crowds out positive effects of...
Persistent link: https://www.econbiz.de/10013133509
This study investigates how financial development affects capital allocation across industries in a panel of countries at different stages of development (China, India, Mexico, Korea, Japan and the US) over the period 1980-2014. Following the approach proposed by Chari et al (2007) and Aoki...
Persistent link: https://www.econbiz.de/10012943765
This study investigates how financial development affects capital allocation across industries in a panel of countries at different stages of development (China, India, Mexico, Korea, Japan and the US) over the period 1980-2014. Following the approach proposed by Chari et al (2007) and Aoki...
Persistent link: https://www.econbiz.de/10012944025
rates, and in times with low factor productivity growth. …
Persistent link: https://www.econbiz.de/10011391918
Regional economies seek to promote growth through industrialisation and literature suggests that developing the financial system, integrating the financial system within a sound institutional framework can promote industrial output. This study fills the gap by examining the impact of financial...
Persistent link: https://www.econbiz.de/10013461094
Does finance facilitate efficient allocation of resources? Our aim in this paper is to find out whether increases in private and public indebtedness affect capital misallocation, which is measured as the dispersion in the return to capital across firms in different industries. For this, we use a...
Persistent link: https://www.econbiz.de/10012132686
This paper studies the relationship between export activities and firm-level productivity. Unique matching of German … a rise in firm-level productivity. That is, the annual average growth rate of an exporting firm's productivity is … foreign markets boosts firm-level productivity. …
Persistent link: https://www.econbiz.de/10003952127