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their productivity and net worth and face collateral constraints that cause capital misallocation. TFP endogenously depends … equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the investment of high-productivity … firms relatively more than that of low-productivity ones, crowding out the latter and increasing TFP. We provide empirical …
Persistent link: https://www.econbiz.de/10013311708
This paper analyzes the link between monetary policy and capital misallocation in a New Keynesian model with heterogeneous firms and financial frictions. In the model, firms with a high return to capital increase their investment more strongly in response to a monetary policy expansion, thus...
Persistent link: https://www.econbiz.de/10014484281
in terms of size and productivity. We find that high growth in productivity (size) increases the likelihood of high … growth in size (productivity). However, the effect from size to productivity is smaller than the effect from productivity to … size and productivity …
Persistent link: https://www.econbiz.de/10012956537
database of comparable productivity indicators built by members of the Competitiveness Research Network (CompNet) using a newly ….g. productivity and size. The database comprises so far 11 countries, with information for 58 sectors over the period 1995-2011. The … results. Among them, it shows that there is large heterogeneity in terms of firm productivity or size within narrowly defined …
Persistent link: https://www.econbiz.de/10013060041
database of comparable productivity indicators built by members of the Competitiveness Research Network (CompNet) using a newly ….g. productivity and size. The database comprises so far 11 countries, with information for 58 sectors over the period 1995-2011. The … preliminary results. Among them, it shows that there is large heterogeneity in terms of firm productivity or size within narrowly …
Persistent link: https://www.econbiz.de/10011590220
firm's goods and services, and, on the supply side, rivalry in the allocation of expertise between the production of goods … productivity. The relationship is further shaped by the sector environment as well as intrinsic characteristics of the goods and …
Persistent link: https://www.econbiz.de/10011752305
The past few decades have witnessed a slowdown in productivity growth in many advanced economies, including Finland … single-product firms. While single-product firms outperform multi-product firms in productivity, the study shows that product … diversity is positively related to productivity. Furthermore, the study demonstrates that there is a positive relationship …
Persistent link: https://www.econbiz.de/10014286126
Labour productivity stagnated in the UK in the years between the financial crisis and the emergence of Covid-19. At the … same time labour supply and employment grew strongly, driven primarily by net inward migration. While labour productivity … that around one-fifth, or 4pp, of the 25 log point fall in productivity from its previous trend can be explained by …
Persistent link: https://www.econbiz.de/10012603201
The correlation between a firm’s size and its productivity level varies considerably across OECD countries, suggesting … that some countries are more successful at channelling resources to high productivity firms than others. Accordingly, we … examine the extent to which regulations affecting product, labour and credit markets influence productivity, via their effect …
Persistent link: https://www.econbiz.de/10009696511
show that technological investments have the greatest positive impact on the growth of labour productivity and on a decline … productivity growth in high-technology enterprises, but at the same time, the technological investments have an impact on the …
Persistent link: https://www.econbiz.de/10012505608