affecting productivity. By contrast, sentiment shocks in non-G7 countries predict prolonged economic growth and a corresponding … increase in productivity. The results suggest that sentiment can indeed create economic booms but only in less advanced …

affecting productivity. By contrast, sentiment shocks in non-G7 countries predict prolonged economic growth and a corresponding … increase in productivity. The results suggest that sentiment can indeed create economic booms, but only in less advanced …

bubbles tend to appear and expand in countries where productivity is low relative to the rest of the world. These bubbles … productivity countries. Through this channel, bubbles act as a substitute for international capital flows, improving the …

the other hand, is the major force leading to convergence in productivity due to the effect of the diffusion of technology … convergence in productivity levels. The structural model is then tested for a set of OECD countries over the period 1965 to 1994 …

Productivity in agriculture or services has long been understood as playing an important role in the growth of … higher productivity and (2) a country increases productivity of domestic non-manufacturing. We find that both policies …

-country model of international trade and endogenous productivity growth. Knowledge spillovers link firm-level productivity in …

We show that an increase in aggregate uncertainty - measured by stock market volatility - reduces productivity growth … uncertainty, firms that are credit constrained switch the composition of investment by reducing productivity-enhancing investment … difference-in-difference approach using productivity growth of 25 industries from 18 advanced economies over the period 1985 …

Traditional trade theory emphasizes static gains form trade, whereas the growing literature on endogenous growth is … the discussion by investigating how differences in time preference rates and R&D productivity under alternative …