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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...
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...
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.
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...
The rapid growth of China’s economy has brought about huge losses of natural capital in the form of natural resource depletion and damages from carbon emissions. This paper recalculates value added, c...
Theory predicts that mandated employment protections may reduce productivity by distorting production choices. Firms facing (non-Coasean) worker dismissal costs will curtail hiring below efficient lev...
This paper examines the effect of foreign direct investment (FDI) on growth by focusing on the complementarities between FDI inflows and financial markets. In our earlier work, we found that FDI is be...
Theory predicts that mandated employment protections may reduce productivity by distorting production choices. Firms facing (non-Coasean) worker dismissal costs will curtail hiring below efficient lev...
Competitiveness presentation delivered in Bangkok, Thailand.
We consider the impact of cohort turnover—the planned simultaneous exit of a large number of experienced employees and a similarly sized entry of new workers—on productivity in the context of teaching...
Assessing the productivity gains from multinational production has been a vital topic of economic research. Positive aggregate productivity gains are often attributed to within-firm productivity impro...
Do Employment Protections Reduce Productivity? Evidence from U.S. States.

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