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The dynamics of the corporate-level performance growth can reflect the pattern of the firms’ reaction at the financial crisis moment. We employed the generalized metafrontier Malmquist productivity in...
The article presents an approach to changes in the total factor productivity (TFP) which differs from that generally found in the literature. Changes are calculated in the real terms using the detaile...
Climate change scenarios suggest that long periods without rainfall will occur in the future often causing instability of the agricultural products market. The aim of the research was to build a model...
ANY policy makers and academics contend that foreign direct investment (FDI) can have important positive effects on a host country’s development. 1 In addition to the direct capital financin...
Colonial Americans were very poor by today’s standard of poverty. On the eve of the American Revolution, GDP per capita in the United States stood at approximately $765 (in 1992 dollars).1 Incomes r...
The American South started the post World War II era as the poorest region of the country. Per capita disposable income was less than 70 percent of the national level and the South produced less tha...
This paper summarizes the results of three studies linking investment in highway infrastructure to productivity growth in the manufacturing sector of the U.S., Spanish, and Indian economies. The goa...
This paper investigates the effect of idiosyncratic ( firm-level) policy distortions on aggregate outcomes. Exploiting harmonized firm-level data for a number of countries, we show that there is sub...
Private equity critics claim that leveraged buyouts bring huge job losses and few gains in operating performance. To evaluate these claims, we construct and analyze a new dataset that covers US buy...
A Review of the Productivity Resurgence.
Many critics of free-market liberalism argue that higher product-market competition and the “Anglo-Saxon” management practices it stimulates increases productivity only at the expense ofemployees’ wor...
Americans' anxiety level over competitiveness with other nations has grown in recent years. A large number of Americans appear to believe that the United States will not be able to succeed in an open ...
US productivity growth accelerated after 1995 (unlike Europe’s),particularly in sectors that intensively use information technologies (IT). Using two new micro panel datasets we show that US multinati...
We examine the impact of Chinese import competition on broad measures of technical change - patenting, IT and TFP – using new panel data across twelve European countries from 1996-2007. In particular,...

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