Showing 1 - 10 of 146
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …
Persistent link: https://www.econbiz.de/10012928556
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …
Persistent link: https://www.econbiz.de/10011853314
In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in … emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and … rankings by applying a range of measurement techniques. The study finds that expenditure efficiency across new EU member states …
Persistent link: https://www.econbiz.de/10011604627
After the Lehman default, but also during the euro area sovereign debt crisis, central banks have tended to extend the ability of banks to take recourse to central bank credit operations through changes of the collateral framework (e.g. CGFS, 2008 – in consistence with previous narratives,...
Persistent link: https://www.econbiz.de/10013083125
study the trade-off between efficiency (proxied by real GDP per capita and TFP) and equity (proxied by the labour share of …
Persistent link: https://www.econbiz.de/10013229282
In a stochastic frontier setting, we examine technical efficiency in the Middle East and North Africa (MENA). Evidence … technical efficiency profiles. The MENA have been characterized by increasing economic efficiency over time but with marked … for related studies of development technical efficiency …
Persistent link: https://www.econbiz.de/10013030868
The fixed rate tender is one of the main procedural formats relied upon by central banks in their implementation of monetary policy. This fact stands in a somewhat puzzling contrast to the prevalent view in the theoretical literature that the procedure, by fixing interest rate and quantity at...
Persistent link: https://www.econbiz.de/10012784111
In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in … emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and … rankings by applying a range of measurement techniques. The study finds that expenditure efficiency across new EU member states …
Persistent link: https://www.econbiz.de/10013318047
Does the level of deposits matter for bank fragility and efficiency? In a banking model with endogenous bank runs and a …
Persistent link: https://www.econbiz.de/10013308564
Labour shortages have become prevalent across advanced economies. Yet, little is known about which firms are more likely to face them and the impact they have on the labour market. We create a firm-level data set spanning 28 EU countries, 283 regions and 18 sectors, contributing to close this...
Persistent link: https://www.econbiz.de/10014543591