Showing 1 - 10 of 209
Increasing fragmentation of production across borders is changing the nature of international competition. As a result, conventional indicators of competitiveness based on gross exports become less informative and new measures are needed. In this paper we propose an ex-post accounting framework...
Persistent link: https://www.econbiz.de/10013072991
-level competitiveness in Europe. We differ from standard TFP studies at the firm level as we simultaneously allow for inefficiency, noise …
Persistent link: https://www.econbiz.de/10013051166
Drawing from confidential firm-level balance sheets for 17 European countries (13 Euro-Area), the paper documents the newly expanded database of cross-country comparable competitiveness-related indicators built by the Competitiveness Research Network (CompNet). The new database provides...
Persistent link: https://www.econbiz.de/10013026277
Drawing from confidential firm-level balance sheets in 11 European countries, the paper presents a novel sectoral database of comparable productivity indicators built by members of the Competitiveness Research Network (CompNet) using a newly developed research infrastructure. Beyond aggregate...
Persistent link: https://www.econbiz.de/10013060041
both bank and country-level data. As outright bank failures have been rare in Europe, the paper introduces a novel dataset … are that complementing bank specific vulnerabilities with indicators for macro-financial imbalances and banking sector … vulnerabilities improves model performance and yields useful out-of-sample predictions of bank distress during the current financial …
Persistent link: https://www.econbiz.de/10013074637
Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and … bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … around one-third of the impact of zombie congestion on capital misallocation can be directly attributed to bank health and …
Persistent link: https://www.econbiz.de/10012892781
Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and … bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … around one-third of the impact of zombie congestion on capital misallocation can be directly attributed to bank health and …
Persistent link: https://www.econbiz.de/10013322215
Due to input-output linkages, an industry level shock can widely transmit to the rest of the economy. We identify government policies on the automobile industry, which change final prices and estimate their effect on sales and production. An example could be the scrappage schemes that many...
Persistent link: https://www.econbiz.de/10012949115
Both academic researchers and policymakers posit a unique role for the US in the inter-national financial system. This paper investigates the characteristics and determinants of US cross-border financial flows and examines how these contrast with those of the rest of the world. We analyse the...
Persistent link: https://www.econbiz.de/10012892830
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-making. Governments that compete with others for factors of...
Persistent link: https://www.econbiz.de/10013081457