Using data from 11 manufacturing industries in 17 OECD countries, this paper empirically investigates the determinants of cross-country differences in the persistence of productivity differentials. Specifically, the paper focuses on the effects of product market structure and technology diffusion. It is found that the manufacturing industries display a wide range of convergence rates. Consisten...

We study the monopolistic competition model with producer-retailer-consumers two-level interaction. The industry is organized according to Dixit–Stiglitz model. retailer only monopolist. A quadratic utility function represents consumer preferences. consider case of retailer's leadership; namely, we two types behavior: and without free entry condition. Earlier, obtained result: increase social w...

The present study was aimed to investigate the effects of oil price shocks on discretionary fiscal policies in selected OPEC countries during 1980-2015. In this regard, the heterogeneous dynamic reaction to structural shock was examined using Panel Structural Vector Autoregressive (PSVAR) technique. Based on the findings, the effect of oil price shocks on discretionary fiscal policy was positiv...

Using a unique panel design that enables to control for bank, firm, market and loan heterogeneities, we confirm relationship lenders charge higher rates in good times lower bad times. However, show risky single-bank firms do not benefit from this insurance mechanism are “held-up” by lenders. Local bank competition non-bank finance dependence alleviate information-monopolistic behavior. Finally,...