Similar Search Results

The drivers of revenue productivity: a new decomposition analysis with firm-level data

di Mauro, Filippo; Mion, Giordano; Stöhlker, Daniel - 2017

components – namely physical TFP, mark-ups, quality and production scale. The new methodology is applied to a panel of EU … in mark-ups. Demand also suffered a conspicuous decline. Our results suggest that non-stressed countries seem to enjoy a … stronger recovery in terms of fundamentals like quantity TFP, demand and mark-ups than stressed countries. Yet, their overall …

Persistent link: https://www.econbiz.de/10011606059

$Cover Image$

Shocks and labour cost adjustment: Evidence from a survey of European firms

Mathä, Thomas; Millard, Stephen Patrick; Rõõm, Tairi; … - 2019

We use firm-level survey data from 25 EU countries to analyse how firms adjust their labour costs (employment, wages and hours) in response to shocks. We develop a theoretical model to understand how firms choose between different ways to adjust their labour costs. The basic intuition is that...

Persistent link: https://www.econbiz.de/10012142113

Product market regulation, business churning and productivity: Evidence from the European Union countries

Anderton, Bob; Di Lupidio, Benedetta; Jarmulska, Barbara - 2019

Productivity performance in European countries has been a policy concern for some time. This paper shows that productivity can be enhanced by product market policies which, by increasing competition and efficiency, facilitate higher rates of firms' entry and exit (i.e., firm churning). Drawing...

Persistent link: https://www.econbiz.de/10012389535

Investment, the cost of capital, and monetary policy in the nineties in France: a panel data investigation

Chatelain, Jean-Bernard; Tiomo, André - 2001

Using a large panel of 6,946 French manufacturing firms, this paper investigates the effect of monetary policy on investment from 1990 to 1999 through the cost-of-capital and the cash-flow channels. We compare several specifications of neo-classical demand for capital, taking into account...

Persistent link: https://www.econbiz.de/10011604152

The interest rate and credit channel in Belgium: an investigation with micro-level firm data

Butzen, Paul; Fuss, Catherine; Vermeulen, Philip - 2001

This paper investigates the effects of monetary policy on firms' investment behaviour. The analysis relies on a comprehensive database of Belgian firms covering all sectors of economic activity and firms of all sizes. We proceed in two steps. First, we estimate a reduced-form investment equation...

Persistent link: https://www.econbiz.de/10011604153

Monetary transmission: empirical evidence from Luxembourg firm level data

Lünnemann, Patrick; Mathä, Thomas Y. - 2001

This paper investigates the transmission of monetary policy using data from a panel of Luxembourg firms. The results indicate that the sales accelerator may be at work. A very robust result is the negative effect of the user cost of capital on firms' investment ratio. Changes in user costs are...

Persistent link: https://www.econbiz.de/10011604157

Constructing quality-adjusted price indices: a comparison of hedonic and discrete choice models

Jonker, Nicole - 2002

The Boskin report (1996) concluded that the US consumer price index (CPI) overestimated the inflation by 1.1 percentage points. This was due to several measurement errors in the CPI. One of them is called quality change bias. We compare two methods in this paper which can be used to correct for...

Persistent link: https://www.econbiz.de/10011604218

How frequently do prices change? Evidence based on the micro data underlying the Belgian CPI

Aucremanne, Luc; Dhyne, Emmanuel - 2004

This paper examines the degree of price rigidity in Belgian consumer prices, using a large database. As to the observed degree of rigidity, the results reveal a substantial amount of heterogeneity, not only across but also within product categories. While prices turn out to be perfectly flexible...

Persistent link: https://www.econbiz.de/10011604377

Firms' investment decisions in response to demand and price uncertainty

Fuss, Catherine; Vermeulen, Philip - 2004

We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and...

Persistent link: https://www.econbiz.de/10011604393

Consumer price behaviour in Italy: evidence from micro CPI data

Veronese, Giovanni; Fabiani, Silvia; Gattulli, Angela; … - 2005

This paper investigates the behaviour of consumer prices in Italy by looking at micro data in the attempt to obtain a quantitative measure of the unconditional degree of price rigidity in the Italian economy. The analysis focuses on the monthly frequency of price changes and on the duration of...

Persistent link: https://www.econbiz.de/10011604495