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Skills shortage has become a key policy issue in highly developed and innovation-oriented economies, with non-negligible consequences on firms' innovation activities. We investigate the effect of skills shortage on firms' innovation openness, which is considered to be one of the key drivers of...
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In this paper, we introduce the concept of a Digital Layer to empirically investigate inter-firm relations at any geographical scale of analysis. The Digital Layer is created from large-scale, structured web scraping of firm websites, their textual content and the hyperlinks among them. Using...
Persistent link: https://www.econbiz.de/10012150751
network. Traders are privately informed about their types (e.g. their portfolios), which is something the dealer must take … business to a crossing network. We show that the presence of such a network results in more trader types being serviced by the … determine the structure of the crossing network and show that the same conditions that lead to a reduction of the spread imply …
Persistent link: https://www.econbiz.de/10011705180
theoretical findings, we estimate an empirical network from industry cash flows and find support for these predictions. …
Persistent link: https://www.econbiz.de/10011900728
This paper examines the importance of social and geographical networks in structuring entry into skilled occupations in premodern London. Using newly digitised records of those beginning an apprenticeship in London between 1600 and 1749, we find little evidence that networks strongly shaped...
Persistent link: https://www.econbiz.de/10003894460
the network of the receiving party, thus the termination end has the characteristic of an economic bottleneck and is …
Persistent link: https://www.econbiz.de/10008859597
The pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unknown, and maximum entropy serves as the leading method for estimating unobserved counterparty exposures. This paper proposes an efficient alternative that combines...
Persistent link: https://www.econbiz.de/10010249740
from observing the actions of peers. When the social belief is strong and the financial network is fragmented, banks follow … endogenously formed interbank networks, however, less informative signals lead to higher network density and less synchronization …
Persistent link: https://www.econbiz.de/10010405430