Miao, J., Wang, P.: Bubbles and total factor productivity. Am. Econ. Rev. 102(3), 82–87 (2012) Article Google Scholar Miao, J., Wang, P.: Sectoral bubbles, misallocation, and endogenous growth. J. Math. Econ. 53, 153–163 (2014) Article Google Scholar Miao, J., Wang, P...
productivityEntrepreneurship, growth and total factor productivity are larger when there is a financial bubble. We explain these facts using a growth model with financial bClain-Chamosset-Yvrard, LiseRaurich, XavierSeegmuller, ThomasSocial Science Electronic Publishing...
Entrepreneurship, growth and total factor productivity are larger when asset prices are high and decline during financial crises. We explain these facts using a growth model with financial bubbles in which individuals have heterogeneous wages and returns on productive investment. Heterogeneity separates ind...
2025, Managerial and Decision Economics A study on the effect of RMB exchange rate fluctuation on technological innovation and total factor productivity 2024, International Journal of Manufacturing Technology and Management The effect of bubbles on production: The state of the literature 2024, Journal of...
(Xu,2023). The irruption of the internet should be considered as the exogenous shock that gave rise to the bubble. Furthermore, as in the previous case, there was an environment of monetary laxity by the Fed and a context of high productivity (Echarte Fernández et al.,2022). The dot...
where σ is the standard deviation; x1, x2,…, xn are the individual observations of the asset price; \(\bar{{\rm{x}}}\) is the mean of the observations; and n is the total number of observations. To compare the standard deviation of the two bubbles, the standard deviation of the...
Since the Case Shiller Index and the Teranet-National Bank HPI both use “sales pairs” as their method of tracking price changes, it makes them comparable. To do that, I converted the index data of price changes into “percent change from January 2002.” So this tracks the same data, bu...
In competitive equilibria the exponents of the Cobb-Douglas production function repre- sent the share of total income that accrues to each factor. This is a measure of the importance of each factor for production, and it is the one we use in the paper. Hence, the notion that the 4As ...
mechanical damage in the growth vessels. This lethal damage is generally believed to be the result of hydrodynamic and interfacial forces acting on the cells and these stresses influence both the viability and specific production rate of the cells and thus the overall productivity of the reactors. ...
Since they are in number Nt Lt while workers are in number Lt, and given the assumed matching process, the expected number of matches for a potential …nancier is `t= (1 `t). Hence the total expected consumption from choosing a career in …nance is: Et(cft+1) = `twt 1 `t (rt...