This paper explores the role of public debt and fiscal deficits on factor productivity in an economy with credit market … levels of credit and capital, but also a lower interest rate, lower total factor productivity and output. The model is … deterioration of total factor productivity since more low-productivity firms prefer to remain active at the lower equilibrium …

alleviating credit constraints for high productivity firms. After the reform, better access to credit allowed these firms to … across firms, thus raising aggregate productivity. …

decisions, increased productivity, and higher exit rates. Our empirical analysis, using a novel dataset and instrumental … annual productivity growth, and a 3.6% points higher probability of exit for firms with binding employment targets. Our …. Additionally, an alternative policy of productivity investment subsidies proved costly and less effective in the short term. …

's foreign intelligence service to sector-specific gaps in total factor productivity (TFP) between West and East Germany. Based …

effect on the adopters' employment and on the value-added and average wage, whereas sales and productivity increase after an …

This paper examines whether credit constraints affect Chinese firms' absorption of productivity spillovers from foreign …