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We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US...
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The main goal of the paper is to answer the question if the lack of innovation capacity and low productivity is binding constraint to economic growth of Macedonian economy. To fulfill this goal we use two empirical techniques. Growth accounting production approach is a useful technique which...
Persistent link: https://www.econbiz.de/10013010833
contribution of seaborne trade, from a port infrastructure quality and logistics performance perspective. Investment in quality … infrastructure quality and logistics performance. Furthermore, analysis of a multi-group SEM is performed by dividing countries into … the quality of port infrastructure as it contributes to better logistics performance, leading to higher seaborne trade …
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The emergence of financial technology (Fintech) has greatly impacted the financial landscape in Sub-Saharan Africa (SSA) in recent years. The impact on bank funding and economic growth in the region cannot be ignored. This paper examines the extent to which Fintech has affected bank funding and...
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