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This study analyzes which types of firm-level shocks were associated with the centralization of strategic decision-making during the recession of 2008-09. We use a unique survey dataset of more than 14000 manufacturing firms from seven European countries which includes direct information on...
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Building on a Post-Keynesian theoretical framework, integrated with an analysis of technology, this article investigates the structural determinants of income distribution. We develop a simultaneous model on wage and profit dynamics identifying as key determinants productivity growth,...
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While the financial crisis of 2008-2009 led to the great collapse of international trade, the European debt crisis in 2010-2013 did not have such a drastic impact on trade. The collapse has been studied a lot in recent empirical literature, but the European debt crisis has not been investigated...
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, and where industry structure (number of varieties and allocation of capital stock across industries) is fixed. We … Industrie in der EU übertrug sich auf die damit verbundenen Branchen in Österreich. Die österreichische Wirtschaft konnte eine … Industrie einen weniger negativen Einfluss auf die österreichische Wirtschaft ausgeübt zu haben. …
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