Showing 1 - 10 of 806
We study the impact of FDI on the productivity of host-country firms. FDI has positive spillovers only when foreign and domestic firms use similar technologies. Channeling FDI to sectors where firms share similar technology would significantly increase productivity spillovers from FDI. We show...
Persistent link: https://www.econbiz.de/10012950067
implement a case-study on the response of banks in France, Germany, Italy and Spain to a monetary tightening. The episode we …Available studies on asymmetries in the monetary transmission mechanism within Europe are invariably based on macro … study occurred during 1992, when monetary conditions were tightened throughout Europe. Evidence on such tightening is …
Persistent link: https://www.econbiz.de/10013235277
We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...
Persistent link: https://www.econbiz.de/10013244116
(Belgium, France, Great Britain, Italy, Spain), using industry-level (EU-KLEMS) and firm-level (Amadeus) data. After adding …
Persistent link: https://www.econbiz.de/10013149829
accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K., Germany, France, Italy, and … Spain to document the share of such households across countries, their demographic characteristics, the composition of their …
Persistent link: https://www.econbiz.de/10013054868
This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...
Persistent link: https://www.econbiz.de/10012838354
Industrialization experiences differ substantially across countries. We use a benchmark model of structural change to shed light on the sources of this heterogeneity and, in particular, the phenomenon of premature deindustrialization. Our analysis leads to three key findings. First, benchmark...
Persistent link: https://www.econbiz.de/10013300930
This paper studies the cycles of nationalization and privatization in resource-rich economies. We discuss available … evidence on the drivers and consequences of privatization and nationalization, review the existing literature, and present … determinants of the observed cycles of privatization and nationalization, and is consistent with a variety of observed phenomena …
Persistent link: https://www.econbiz.de/10013141855
In 1997, France Tsbquo;lsbquo;com, the state-owned French telephone company, went through a partial privatization. The … government offered current and prior France Tsbquo;lsbquo;com employees the opportunity to buy portfolios of shares with various …
Persistent link: https://www.econbiz.de/10012763327
Is the pricing of sovereign risk linear during bearish episodes? Or can initial shocks on economic fundamentals be exacerbated by endogenous factors that create nonlinearities? We test for nonlinearities in the sovereign bond market of European peripheral countries during the debt crisis and...
Persistent link: https://www.econbiz.de/10013056598