Showing 1 - 10 of 131
This paper uses index number theory to disentangle changes in aggregate retail interest rates due to changes in individual component rates (“interest rate effect”) from those caused by changes in the weights of each component (“weight effect”), on the basis of the “difference” index...
Persistent link: https://www.econbiz.de/10011604985
resources, demographic pressures, human capital etc. The originality of our contribution is the use of a large data set …
Persistent link: https://www.econbiz.de/10011605802
resources, demographic pressures, human capital etc. The originality of our contribution is the use of a large data set …
Persistent link: https://www.econbiz.de/10013030868
We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …
Persistent link: https://www.econbiz.de/10011605257
We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium … emerge. First, in all countries with the exception of Germany, capital allocation has worsened over time whereas the … efficiency of labour reallocation has not changed significantly. Second, the observed increase in capital misallocation has been …
Persistent link: https://www.econbiz.de/10011606026
We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium … emerge. First, in all countries with the exception of Germany, capital allocation has worsened over time whereas the … efficiency of labour reallocation has not changed significantly. Second, the observed increase in capital misallocation has been …
Persistent link: https://www.econbiz.de/10012963907
This paper exploits daily infrared images taken from satellites to track economic activity in advanced and emerging countries. We first develop a framework to read, clean, and exploit satellite images. Our algorithm uses the laws of physics (Planck's law) and machine learning to detect the heat...
Persistent link: https://www.econbiz.de/10014543624
as well. Our basic idea is that labor is special: unlike capital, it cannot be pledged against loans as collateral due to …' investment response: when conditions tighten, fixed capital stock of labor-intensive firms decreases relative to capital …
Persistent link: https://www.econbiz.de/10015432202
in the labour income share coupled with the relatively stable capital-to-labour income ratio and a noticeable change in …
Persistent link: https://www.econbiz.de/10011604199
The paper analyses the evolution of the trade specialisation pattern in the ten countries which will join the EU in 2004, by studying the dynamics of their comparative advantages over the period 1993-2000. The study finds that, although some countries are still broadly relying on natural...
Persistent link: https://www.econbiz.de/10011604295