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Making SMEs and start-ups a driver of growth and job creation requires a number of policies to improve the performance of SMEs, whose labour productivity in the manufacturing sector has fallen to less than a third of that in large companies. The large-scale support for SMEs should shift from...
Persistent link: https://www.econbiz.de/10011914660
The rapid growth after independence stopped in 2008 as the global crisis exposed important structural weaknesses. Large state involvement and rigid labour and product markets lowered productivity. Weak corporate governance and easy credit before the crisis led to high indebtedness and...
Persistent link: https://www.econbiz.de/10011399555
Impressive productivity performance during the last decades has weakened since 2007, reflecting the 2008-09 recession but also a poor performance in important sectors, like the information and communication technology sector. Reforms to raise long term productivity growth need to be pursued....
Persistent link: https://www.econbiz.de/10009690915
Despite sound policies and institutions, Danish productivity has grown modestly over the past decade, both historically and in relation to other countries, contributing to weak economic growth and an erosion in competitiveness. An examination of the four potential drivers of this puzzle, namely...
Persistent link: https://www.econbiz.de/10009690977
The US innovation system has many strengths, including world class research universities and firms that thrive in … innovation-intensive sectors. However, fissures have begun to appear, notably in the areas of human capital development, the … curtailed by budget cuts. Revitalizing the dynamism of innovation has become a priority for US policymakers. To this end, it is …
Persistent link: https://www.econbiz.de/10009696466
rate of vocational students, and enhancing the level of collaboration among the key innovation players are priorities. The …
Persistent link: https://www.econbiz.de/10009711215
Poland’s productivity has grown strongly over the past decade, and efforts to reduce the regulatory burden have been significant. Despite impressive progress, product market regulation remains more burdensome than in most OECD countries, partly due to the importance of red tape and the level...
Persistent link: https://www.econbiz.de/10010375394
adequate skills and awareness of digital benefits or dangers (online security, cyberbullying, addiction). Promoting innovation …
Persistent link: https://www.econbiz.de/10012421298
that innovation policies adapt to smaller firms would boost their innovativeness and ease their integration in national and …
Persistent link: https://www.econbiz.de/10012421300
We study the implications of information technology (IT) in banking for financial stability, using data on US banks' IT equipment and the tech-background of their executives. We find that one standard deviation higher pre-crisis IT adoption led to 10% fewer non-performing loans during the global...
Persistent link: https://www.econbiz.de/10012494252