research question: Does greater exchange rate flexibility help an economy’s adjustment to weather shocks? To address this … question, the impact of weather shocks on real per capita GDP growth is quantified under the two alternative exchange rate … regimes. We find that although weather shocks are generally detrimental to per capita income growth, the impact is less severe …

strong growth and a substantial improvement in export sophistication, Malaysia's total factor productivity lagged behind that …

A growing literature estimates the macroeconomic effect of weather using variations in annual country-level averages of … frequency or higher spatial resolution. To address this issue, we rely on global daily weather measurements with a 30-km spatial … resolution from 1979 to 2019 and construct 164 weather variables and their lags. We select a parsimonious subset of relevant …

Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …

This paper empirically assesses the role of structural and institutional reforms in driving productivity growth across … reforms matter more for increasing productivity growth at the aggregate and sectoral levels for some emerging market and … payoffs, the paper also examines how productivity gains from various reforms evolve over the the short- and medium-term …

We study the role of financial frictions in explaining the sharp and persistent productivity growthslowdown in advanced … tightening creditconditions made an important contribution to the post-crisis productivity slowdown. Specifically:(i) firms that … isone plausible way through which financial frictions undermined productivity. All of these effectsare highly persistent and …

term, through a wide array of channels: reduced agricultural output, suppressed productivity of workers exposed to heat …