Financial Shocks and TFP Growth

WP/10/23

Financial Shocks and TFP Growth
The paper investigates how changes in industries' funding costs affect total factor productivity (TFP) growth. Based on panel regressions using 31 U.S. and Canadian industries between 1991 and 2007, and using industries' dependence on external funding as an identification mechanism, we show that increases in the cost of funds have a... READ MORE...

Publication date: January 2010
ISBN 9781451962376
$18.00

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Publication date: January 2010

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Publication date: January 2010

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