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Closing the Productivity Gap with the US : Causes and Consequences of the Productivity Program in Western Europe
Giorcelli, Michela - National Bureau of Economic Research - 2023
This paper studies to what extent the transfer of US managerial technologies to Europe after World War II contributed to closing the gap with US businesses. Between 1952 and 1958, the US government sponsored the Productivity Program, which promoted management training trips for European managers...
Persistent link: https://www.econbiz.de/10014447280
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The Unequal Cost of Job Loss across Countries
Bertheau, Antoine; Acabbi, Edoardo; Barceló, Cristina; … - National Bureau of Economic Research - 2022
and Sweden experience the lowest earnings declines following job displacement, while workers in Italy, Spain, and Portugal …
Persistent link: https://www.econbiz.de/10012938696
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COVID-19 and SME Failures
Gourinchas, Pierre-Olivier - 2020
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012481180
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COVID-19 and SMEs : A 2021 "Time Bomb"?
Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021
This paper assesses the prospects of a 2021 time bomb in SME failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 "time-bomb" for SMEs. Rather, business failures and policy costs remain...
Persistent link: https://www.econbiz.de/10012482634
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A Wolfram in Sheep's Clothing : U.S. Economic Warfare in Spain, 1940-1944
Caruana, Leonard - 2001
One of the most sustained uses of economic warfare by the United States occurred in Spain during WWII. We provide an … battles: (1) an oil embargo against Spain in the summer of 1940, (2) pre-emptive buying of wolfram (tungsten ore) during the … when Germany was going from victory to victory, was successful in helping keep Spain neutral because it forced the Franco …
Persistent link: https://www.econbiz.de/10012470668
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Large Countries, Small Countries, and the Enlargement of Trade Blocs
Casella, Alessandra - 1995
prediction is clear, but the empirical analysis of trade flows towards Spain and Portugal after their 1986 entry into the …
Persistent link: https://www.econbiz.de/10012473504
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Nonlinearities in Sovereign Risk Pricing : The Role of CDS Index Contracts
Delatte, Anne-Laure - 2014
Is the pricing of sovereign risk linear during bearish episodes? Or can initial shocks on economic fundamentals be exacerbated by endogenous factors that create nonlinearities? We test for nonlinearities in the sovereign bond market of European peripheral countries during the debt crisis and...
Persistent link: https://www.econbiz.de/10012458679
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Political Credit Cycles : The Case of the Euro Zone
Fernandez-Villaverde, Jesus - 2013
process in Greece, Spain, Ireland, and Portugal and, by way of contrast, in Germany, a country that did experience a reform …
Persistent link: https://www.econbiz.de/10012459762
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Target Loans, Current Account Balances and Capital Flows : The ECB's Rescue Facility
Sinn, Hans-Werner - 2011
destroyed the Bretton Woods System. Greece, Ireland, Portugal, Spain and Italy have suffered from balance-of-payments deficits …
Persistent link: https://www.econbiz.de/10012461031
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The Spatial Impacts of a Massive Rail Disinvestment Program : The Beeching Axe
Gibbons, Steve; Heblich, Stephan; Pinchbeck, Edward W. - National Bureau of Economic Research - 2024
This paper investigates the reversibility of the effects of transport infrastructure investments, based on a programme that removed much of the rail network in Britain during the mid-20th Century. We find that a 10% loss in rail access between 1950 and 1980 caused a persistent 3% decline in...
Persistent link: https://www.econbiz.de/10015056124