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Using firm-level data for Belgium over the period 1997-2005, we evaluate the elasticity of firms' labour and real …
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Policy-making institutions such as the European Commission, the ECB and the OECD often use unit labor costs as a measure of international competitiveness. The goal of this paper is to examine how well this measure is related to international export performance at the firm level. To this end, we...
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level in Belgium and the Netherlands. Wage-markup pricing stemming from workers' monopoly power is more prevalent than wage … measured by workers' bargaining power in Belgium. …
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This paper investigates the effects of monetary policy on firms' investment behaviour. The analysis relies on a comprehensive database of Belgian firms covering all sectors of economic activity and firms of all sizes. We proceed in two steps. First, we estimate a reduced-form investment equation...
Persistent link: https://www.econbiz.de/10013136329
In this paper we investigate how demand and output price uncertainty affect investment plans of Belgian manufacturing firms. We obtain time-varying uncertainty measures at the firm and industry level from the Belgian monthly business cycle survey and investment plans from the half-yearly...
Persistent link: https://www.econbiz.de/10013136992
This paper examines whether multinational companies differ in their employment adjustment from domestic firms, on the … largest fraction of net employment creation, especially among multinational firms (MNFs). We obtain structural estimates of … substitution between workers). To adjust white-collar employment seems to be around half as costly for MNFs as for domestic firms …
Persistent link: https://www.econbiz.de/10013136996
We estimate the effect of demand and price uncertainty on firms' investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms' subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and price...
Persistent link: https://www.econbiz.de/10013137092