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productivity and overcome the crisis of the growth potential. …
Persistent link: https://www.econbiz.de/10012259822
Emerging markets and developing economies (EMDEs) weathered the 2009 global recession relatively well. However, the impact of the global recession varied across economies. EMDEs with stronger pre-crisis fundamentals - such as large foreign exchange reserves, sound fiscal positions, and low...
Persistent link: https://www.econbiz.de/10012257019
We investigate the effects of financial development on recession while controlling for potential recession factors using data of about 129 countries covering the 1990-2010 period. To the best of our knowledge, this is the first study examining this relationship using a plural and innovative...
Persistent link: https://www.econbiz.de/10014318636
The United States and Argentina both experienced severe financial crises in the early 1890s. The causes of these crises have been studied in depth. Here, I analyze the recoveries from these crises, comparing the factors that propelled or hindered renewed economic growth, focusing on how changes...
Persistent link: https://www.econbiz.de/10013266325
productivity growth and demographic trends that dampen labor supply growth. Unless countered, these forces are expected to continue …
Persistent link: https://www.econbiz.de/10012230786
Capital reallocation between firms is procyclical and leads to variations in measured aggregate productivity. In this … paper, we ask how much of the cyclical variation in measured productivity is the consequence of capital reallocation. We … build a heterogeneous-firm model to study the effects of exogenous shocks to total factor productivity (TFP) and to the …
Persistent link: https://www.econbiz.de/10014496527
Persistent link: https://www.econbiz.de/10012613298
This paper scrutinizes the issue of economic resilience, aiming to detect the existence of a systematic link with economic specialization. To this end, the paper conducts an empirical analysis at the local (i.e., municipal) level of Greece during the economic crisis period (2009-2015), providing...
Persistent link: https://www.econbiz.de/10014516993
We identify the main shock driving fluctuations in long‐horizon productivity expectations, consistent with theories of … productivity changes. …
Persistent link: https://www.econbiz.de/10014362540
Using cross-sectional data from a nation-wide survey of American head-of-households conducted in the spring of 2010, we examined the ameliorating effects of economic literacy on the probability of specific household financial outcomes resulting from the 2008 financial crisis and the associated...
Persistent link: https://www.econbiz.de/10012626081