Showing 1 - 10 of 530
Structure"-services, manufacturing, and agriculture-has been on a secular decline overshadowed by the "Structural Reforms … rise to dominance of the "Washington Constellation," a collection of many disparate terms such as productivity, tourism …, and inequality. Growth theory concepts such as innovation, technology, and export policy have been marginal while …
Persistent link: https://www.econbiz.de/10012392481
The services sector is increasingly important for the euro area economy, but productivity growth in the sector has … stalled over the past two decades. Remaining barriers to cross-border trade in services within the EU Single Market contribute … with political economy factors such as weak government support in parliaments, low government efficiency and high markups …
Persistent link: https://www.econbiz.de/10012154992
industry level significantly boosts productivity at both the industry and the firm level. Frontier firms, large firms, and … have also contributed to increasing productivity and long-term growth. We explore empirically the impact of GVC … participation on productivity in Estonia using firm-level data from 2000 to 2016. We find that higher GVC participation at the …
Persistent link: https://www.econbiz.de/10012252668
This paper studies the effect of public sector efficiency on firm productivity using data from more than 400,000 firms … significantly reduces the labor productivity of private sector firms. The results suggest that raising public sector efficiency … across Italy's provinces. Exploiting the large heterogeneity in the efficiency of the public sector across Italian provinces …
Persistent link: https://www.econbiz.de/10011447149
This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment-level data from the manufacturing sector. It analyzes changes in cash-flow sensitivities and uses an innovative approach to explore the role of real estate as collateral and deal with a...
Persistent link: https://www.econbiz.de/10014400298
This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the consistency of those patterns with different adjustment cost structures. Using survey data on manufactured firms, we document the importance of zero investment episodes and lumpy...
Persistent link: https://www.econbiz.de/10014400554
Panel data on Ghanaian manufacturing firms are used to test predictions from models of irreversible investment under uncertainty. Information on the entrepreneur’s subjective probability distribution over future demand for the firm’s products is used to construct the expected variance of...
Persistent link: https://www.econbiz.de/10014403297
What drove the UK productivity slowdown post-GFC, and how is the post-Covid recovery expected to differ? This paper … traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation …, using registry data on the universe of firms. The dominant innovation source in the pre-GFC decade were improvements by …
Persistent link: https://www.econbiz.de/10012795165
as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …
Persistent link: https://www.econbiz.de/10014396933
increase in productivity that accounts for the unprecedented economic growth observed during the reform period. The … productivity gains largely reflect market-oriented reforms, especially the expansion of the nonstate sector, as well as China …
Persistent link: https://www.econbiz.de/10014398095