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Using a country-industry panel dataset (EUKLEMS) we uncover a robust empirical regularity, namely that high-risk innovative sectors are relatively smaller in countries with strict employment protection legislation (EPL). To understand the mechanism, we develop a two-sector matching model where...
Persistent link: https://www.econbiz.de/10013133623
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...
Persistent link: https://www.econbiz.de/10013051449
We study the age- and gender-specific labour market effects of two key modern technologies, Information and Communication Technologies (ICT) and robots, in 14 European countries between 2010 and 2018. To identify the causal effects of technology adoption, we utilise the variation in technology...
Persistent link: https://www.econbiz.de/10014237199
Using an open-ended contingent valuation survey, we analyze how (i) experience of a power outage due to one of the worst storms ever to hit Sweden and (ii) a cheap talk script affect respondents' WTP to avoid power outages. Experience significantly increases and a cheap talk script decreases the...
Persistent link: https://www.econbiz.de/10013157749
Major operational incidents in payment systems suggest the need to improve their resiliency. Meanwhile, as payment infrastructures become more digitalized, integrated, and interdependent, they require an even higher degree of resilience. Moreover, risks that could trigger major disruptions have...
Persistent link: https://www.econbiz.de/10012795082
South Asia needs large infrastructure investments to achieve its development goals, and public investment can also … public infrastructure was a key driver of productivity growth in South Asia. Going forward, higher public infrastructure … reap the most benefits from higher infrastructure investment, South Asian countries need to manage fiscal risks carefully …
Persistent link: https://www.econbiz.de/10012613693
We use data from over 20,000 firms in 60 countries to identify constraints on the growth offirms. We interpret managers´ answers to survey questions on the extent to which variousaspects of their external environment inhibit the performance of their firm as measuring theshadow cost of...
Persistent link: https://www.econbiz.de/10005861835
Persistent link: https://www.econbiz.de/10009706785
Culture as reflected in social and religious norms may be pivotal to social organization in a decentralised economy where local authorities are responsible for the provision of local public goods. We distinguish between individualist and collectivist cultures to argue that collectivist culture...
Persistent link: https://www.econbiz.de/10013136493
, business regulations, corruption, and to a lesser extent, infrastructure bottlenecks in explaining patterns of job creation at … face greater interruptions in infrastructure services. Larger firms spend significantly more time dealing with officials … growth of all firms, particularly micro and small firms. On the other hand, corruption and poor access to infrastructure …
Persistent link: https://www.econbiz.de/10013316735