Financial Frictions and the Great Productivity Slowdown

2017 ◽  
Author(s):  
Romain Duval ◽  
Gee Hee Hong ◽  
Yannick Timmer
Keyword(s):  
Financial Frictions ◽  
Productivity Slowdown ◽  
Great Productivity

scholarly journals Financial Frictions and the Great Productivity Slowdown

2019 ◽  
Vol 33 (2) ◽  
pp. 475-503 ◽  
Author(s):  
Romain Duval ◽  
Gee Hee Hong ◽  
Yannick Timmer
Keyword(s):  
Productivity Growth ◽  
Global Financial Crisis ◽  
Financial Frictions ◽  
Firm Level ◽  
Balance Sheets ◽  
Productivity Slowdown ◽  
Innovation Activities ◽  
Level Data ◽  
Great Productivity

Abstract We study the role of financial frictions for productivity. Using a rich cross-country firm-level data, we exploit variation in preexisting exposure to the 2008 global financial crisis to study the post-crisis productivity slowdown. Firms with weaker precrisis balance sheets experienced a highly persistent decline in post-crisis total factor productivity growth relative to their less vulnerable counterparts, accounting for about one-third of the within-firm productivity slowdown. This decline was larger for firms that faced a more severe tightening of credit conditions. Financially fragile firms cut back on innovation activities, one channel through which financial frictions weakened post-crisis productivity growth.

scholarly journals Financial Frictions and the Great Productivity Slowdown

2017 ◽  
Vol 17 (129) ◽  
pp. 1 ◽  
Author(s):  
Romain Duval ◽  
Gee Hee Hong ◽  
Yannick Timmer ◽  
◽  
◽  
...  
Keyword(s):  
Financial Frictions ◽  
Productivity Slowdown ◽  
Great Productivity

China's Productivity Slowdown and Future Growth Potential

2020 ◽  
Author(s):  
Loren Brandt ◽  
John Litwack ◽  
Elitza Mileva ◽  
Luhang Wang ◽  
Yifan Zhang ◽  
...  
Keyword(s):  
Growth Potential ◽  
Productivity Slowdown ◽  
Future Growth

Bayesian Estimation of Financial Frictions: An Encompassing View

2018 ◽  
Author(s):  
Abdellah Manadir ◽  
Kevin Moran
Keyword(s):  
Bayesian Estimation ◽  
Financial Frictions

scholarly journals Bayesian Evaluation of DSGE Models with Financial Frictions

2013 ◽  
Vol 45 (8) ◽  
pp. 1451-1476 ◽  
Author(s):  
MICHAŁ BRZOZA-BRZEZINA ◽  
MARCIN KOLASA
Keyword(s):  
Financial Frictions ◽  
Dsge Models
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