Showing 1 - 10 of 1,191
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation … efficiency in order to increase profitability. Among firms that have embarked in product innovation, those in the industry and … help to better understand the link between innovation, financial constraints and efficiency, which goes beyond the idea …
Persistent link: https://www.econbiz.de/10012831402
This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we focus on the size and the direction of...
Persistent link: https://www.econbiz.de/10013323904
financial quality in twelve European countries. Our results show that relatively more profit efficient banks foster growth in … their region. The link between financial quality and growth is valid both in the pre-crisis and post-crisis period. These …
Persistent link: https://www.econbiz.de/10012963950
, with productivity in Southern Europe going into reverse. This paper analyzes which factors - whether country-level or firm …-specific ones - contributed more to the emergence of a three-speed Europe. The analysis combines firm-level data with country …
Persistent link: https://www.econbiz.de/10013043123
We consider the effect of an increase in public investments on output in Europe against the background of a sharp drop … methodological issues, and provide a literature overview of the effect of public investments on growth. On the basis of updated …
Persistent link: https://www.econbiz.de/10012962598
One of the main stylised facts that has emerged from the recent literature on global value chains is that bilateral trade imbalances in gross terms can differ substantially from those measured in value added terms. However, the factors underlying the extent and sign of the differences between...
Persistent link: https://www.econbiz.de/10013051676
The paper inspects the credit impact of policy instruments that are commonly applied to contain systemic risk. It employs detailed information on the use of capital-based, borrower-based and liquidity-based instruments in 28 European Union countries in 1995—2017 and a macroeconomic panel...
Persistent link: https://www.econbiz.de/10012824519
digitalisation on economic growth, and how those effects may be impacted by institutions and governance. It discusses a number of … institutions and governance tend to be associated with greater growth-enhancing effects from digital technologies …
Persistent link: https://www.econbiz.de/10014076473
average tends to be associated with particularly poor subsequent real growth performance during this period. Interestingly … in the longer-run, allowing for better use of government expenditures and promoting sustainable growth, social fairness … countries outside Europe.The empirical findings on the importance of institutions are robust to various measures of output …
Persistent link: https://www.econbiz.de/10012982916
We investigate the public-private wage differentials in ten euro area countries (Austria, Belgium, France, Germany, Greece, Ireland, Italy, Portugal, Slovenia and Spain). To account for differences in employment characteristics between the two sectors, we focus on micro data taken from EU-SILC....
Persistent link: https://www.econbiz.de/10013118028