We test whether firms with a single bank are better shielded from loss of credit and investment cutsin periods of … adverse cash flow shocks than firms with multiple bank relationships. Our estimatesof the cash flow sensitivity of investment …

This paper reviews the literature on the finance-growth nexus within a neoclassical growth framework, placing an … Agenda. While more research is needed to establish causality and verify the theoretical channels linking access to finance …

What determines a country's ability to compete in international markets? What fosters the global competitiveness of its … domestic firms' competitiveness in local and global markets? We address these questions by calibrating and simulating a …, we are able to construct an index of 'revealed competitiveness', which would drive the relative performance of countries …

database of comparable productivity indicators built by members of the Competitiveness Research Network (CompNet) using a newly … paper provides information on the distribution of firms across several dimensions related to competitiveness, e …

This paper examines the role of government wages in ensuring macroeconomic stability and competitiveness in the euro … wage growth and competitiveness losses. These findings underpin the need for prudent public wage policies supported by … competitiveness in Economic and Monetary Union. JEL Classification: E22, E50 …

prevalent when financial vulnerabilities, excess demand and competitiveness loss remain relatively contained in the boom. In the …

competitiveness. We preliminarily use constant market share analysis and gravity estimations to show that the majority of the decline … U.S. market share is not a sufficient statistic for competitiveness. We then derive a computable measure of country …-sector specific real marginal costs (i.e. competitiveness) which, insofar it is inferred from actual trade ows, is referred to as …

While there are many methods to measure the competitiveness of an economy, most of these concepts ignore the fact that … competitiveness can change because of market processes like wage negotiation but also because of political decision … competitive position. Disentangling market-induced and politics-induced changes in competitiveness is not easy, but strongly …

competitiveness and the continuous deepening of already existing trade relationships, while cutthroat competition has not materialized …