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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
productivity, employment generation, and exit rates. We feed these empirical results into an agnostic firm dynamics model to … that substantial gains in aggregate employment and productivity can be made through policies that benefit high …
Persistent link: https://www.econbiz.de/10014081988
terms of productivity, employment generation, and exit rates. Feeding these empirical results into an agnostic firm dynamics … startups. We find that substantial gains in aggregate employment and productivity can be reaped through policies that benefit …
Persistent link: https://www.econbiz.de/10013295388
productivity, employment generation, and exit rates. We feed these empirical results into an agnostic firm dynamics model to … that substantial gains in aggregate employment and productivity can be made through policies that benefit high …
Persistent link: https://www.econbiz.de/10013404285
This article highlights intangible capital, management practices, and human capital as areas for future productivity … research. It also stresses the importance of developing reliable productivity estimates for emerging and developing countries …
Persistent link: https://www.econbiz.de/10011185167
This paper studies the implications of perceived default risk for aggregate output and productivity. Using a model of … 250 employees and (iii) that losses are overwhelmingly due to a lower overall capital stock rather than a misallocation of … credit across firms with heterogeneous productivity. Further, we find that these losses accounted for over half of the …
Persistent link: https://www.econbiz.de/10012241111
distortions for firms. Misallocation arises when similar firms are faced with land prices that effectively prevent productive … firms from establishing in large cities where they can benefit from agglomeration forces and access to higher productivity …
Persistent link: https://www.econbiz.de/10012301305
in the effect and size of productivity shocks explain most of the gap in misallocation between manufacturing and services …Recent empirical studies document that the level of resource misallocation in the service sector is significantly … estimates for Portugal (2008) show that closing this gap, by reducing misallocation in the service sector to manufacturing …
Persistent link: https://www.econbiz.de/10011859483
the resulting increase in factor misallocation accounts for 20% of the decline in productivity in Portugal in 2012. …We provide evidence that a weak banking sector has contributed to low productivity growth following the European … natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by …
Persistent link: https://www.econbiz.de/10011975387
key driver of productivity gains. Since distortions preventing misallocation can be driven by institutional obstacles …One of the key determinants of potential growth are productivity gains. Total factor productivity (TFP) differences are … the main determinant of per capita income differences between countries. A key factor to understand TFP is misallocation …
Persistent link: https://www.econbiz.de/10011658836