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Public pensions and growth
Lambrecht, Stéphane; Michel, Philippe; Vidal, Jean-Pierre - 2001
This paper investigates the relationship between the size of an unfunded public pension system and economic growth in … argument of parental utility. Unfunded public pensions can promote growth when families face liquidity constraints preventing … there is no case for unfunded public pensions in economies where bequests are operative. By contrast, there exists a growth …
Persistent link: https://www.econbiz.de/10011604136
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Determinants of firms' efficiency: Do innovations and finance constraints matter?the case of European SMEs
Bonanno, Graziella; Ferrando, Annalisa; Rossi, Stefania - 2020
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us to estimate profit functions and to obtain...
Persistent link: https://www.econbiz.de/10012422081
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Is there a single frontier in a single European banking market?
Bos, Jaap W. B.; Schmiedel, Heiko - 2006
This paper attempts to estimate comparable efficiency scores for European banks operating in the Single Market in the EU. Using a data set of more than 5000 large commercial banks from all major European banking markets over the period 1993-2004, the application of meta-frontiers enables us to...
Persistent link: https://www.econbiz.de/10011604747
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Business groups as hierarchies of firms: determinants of vertical integration and performance
Altomonte, Carlo; Rungi, Armando - 2013
We explore the nature of Business Groups, that is network-like forms of hierarchical organization between legally autonomous …rms spanning both within and across national borders. Exploiting a unique dataset of 270,474 headquarters controlling more than 1,500,000 (domestic and foreign) a¢...
Persistent link: https://www.econbiz.de/10011605599
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Mapping global value chains
De Backer, Koen; Miroudot, Sébastien - 2014
World trade and production are increasingly structured around “global value chains” (GVCs). The last years have witnessed a growing number of case studies describing at the product level how production is internationally fragmented, but there is little evidence at the aggregate level on the...
Persistent link: https://www.econbiz.de/10011605722
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Business Groups as Hierarchies of Firms : Determinants of Vertical Integration and Performance
Altomonte, Carlo - 2013
We explore the nature of Business Groups, that is network-like forms of hierarchical organization between legally autonomous firms spanning both within and across national borders. Exploiting a unique dataset of 270,474 headquarters controlling more than 1,500,000 (domestic and foreign)...
Persistent link: https://www.econbiz.de/10013081466
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Mapping Global Value Chains
De Backer, Koen - 2014
World trade and production are increasingly structured around “global value chains” (GVCs). The last years have witnessed a growing number of case studies describing at the product level how production is internationally fragmented, but there is little evidence at the aggregate level on the...
Persistent link: https://www.econbiz.de/10013054086
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Determinants of Firms’ Efficiency : Do Innovations and Finance Constraints Matter? The Case of European Smes
Bonanno, Graziella - 2020
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation activities. We enrich our understanding on firms' performance by adopting the stochastic frontier approach (SFA), which allows us to estimate profit functions and to obtain...
Persistent link: https://www.econbiz.de/10012831402
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Is There a Single Frontier in a Single European Banking Market?
Bos, Jaap W. B.; Schmiedel, Heiko - 2021
This paper attempts to estimate comparable efficiency scores for European banks operating in the Single Market in the EU. Using a data set of more than 5000 large commercial banks from all major European banking markets over the period 1993-2004, the application of meta-frontiers enables us to...
Persistent link: https://www.econbiz.de/10013317337
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Banks and non-banks stressed: Liquidity shocks and the mitigating role of insurance companies
Sydow, Matthias; Fukker, Gábor; Dubiel-Teleszynski, Tomasz - 2024
This paper documents the extension of the system-wide stress testing framework of the ECB with the insurance sector for a more thorough assessment of risks to financial stability. The special nature of insurers is captured by the modelling of the liability side and its loss absorbing capacity of...
Persistent link: https://www.econbiz.de/10015199496