HIGHLIGHTS
- who: Yue Li and Chu-Ping Lo from the Economics School of Economics, Nankai University, Tianjin, China have published the Article: Demographic Structure and Productivity Catch-Up: Theory and Evidence, in the Journal: (JOURNAL)
- what: A simple model is presented to show that productivity growth falls with firm age in a country with well-developed financial market (e_g the U.S.) but increases with firm age in a country with poor financial development (e_g India).
SUMMARY
Compared to old firms, young firms might achieve higher productivity growth on average due to . . .
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