We quantify the causal effect of foreign investment on total factor productivity (TFP) using a new global firm … domestic firms, we calculate the aggregate impact of foreign investment on country-level productivity growth and find it to be …

Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross …

Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross …

: their productivity level and its export status. In line with theories and empirical evidence on the absorptive capacity of …

This paper examines the relationship between foreign ownership and productivity, paying particular attention to two … productivity than foreign multinationals, but the difference is less stark in the service sector than in the production sector, and …

German and Austrian firm productivity. Unique matching of data from 1994 to 2003 suggests that tarif reductions raise parent … firm productivity significantly. A ten percentage point decrease in tarif rates can lead to total factor productivity gains …

The recent East Asian crisis has highlighted the relationship between financial development and output volatility. In … volatility only occurs at intermediate levels of financial development; second, that whilst full financial liberalization …, including an unrestricted opening to foreign lending, can destabilize an emerging market economy, in contrast output volatility …

to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing … many countries. We conclude that the productivity gains through labour re-allocation are potentially a significant …

We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …