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We empirically investigate whether the persistence of politicians in political institutions affects the innovation …' innovation activity. However, once the causal effect is isolated by means of instrumental variables, using death of politicians … persistence and the probability of process innovation. This finding is consistent with the view that political stability may …
Persistent link: https://www.econbiz.de/10009010055
by relaxing it for temporary jobs. These countries are Belgium, Denmark, Germany, Greece, Italy, the Netherlands …, Portugal, Spain and Sweden. The article explores the conditions of the reduction of employment protection and takes a closer …
Persistent link: https://www.econbiz.de/10003897340
We assess the sustainability of the public finances of Greece, Ireland, Italy, Portugal and Spain (GIIPS), allowing for …
Persistent link: https://www.econbiz.de/10009307965
whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the … Netherlands and Spain, and the sample period is 1980-2000. We conclude that major differences in pass-through exist in our sample …
Persistent link: https://www.econbiz.de/10011398432
We extend previous work on the sustainability of the government's intertemporal budget constraint by allowing for non-linear adjustment of the fiscal variables, conditional on (i) the sign of budgetary disequilibria and (ii) the phase of the economic cycle. Further, our endogenously estimated...
Persistent link: https://www.econbiz.de/10009683459
from millions of digitized books for the USA, UK, Germany, France, Italy and Spain. While existing measures go back at most …
Persistent link: https://www.econbiz.de/10011476047
We compare health system responses to the first wave of COVID-19 pandemic in Italy and Spain. In both countries … first wave, leaving more autonomy to regional governments in Italy than in Spain. Upon documenting national and regional … autonomy, and fostering experimentation and local solutions explains the gap between Italy and Spain in the first wave of the …
Persistent link: https://www.econbiz.de/10012499623
well as our broader (policy) attitudes and values. We fielded large online survey experiments in Italy, Spain, Germany and …
Persistent link: https://www.econbiz.de/10012263741
A puzzling but consistent result in the empirical literature on banking is that firms with close bank ties do not grow faster than bank-independent firms. In this paper, we reconsider the link between relationship lending and firms' growth, distinguishing firms by size and "health". The idea is...
Persistent link: https://www.econbiz.de/10003981984
Pharmaceutical firms spend increasing amounts in mergers and acquisitions (M&As), which raises the question of whether sufficient investment is left after mergers to further develop firms' internal drug development capability. We evaluate the effects of M&As on firms' post-merger R&D...
Persistent link: https://www.econbiz.de/10012219372