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Productivity in the euro area: any evidence of convergence?
Sondermann, David - 2012
productivity convergence among euro area countries. While no convergence can be found on the aggregate level, selected service … sectors and manufacturing sub-industries indicate evidence of convergence. In a search for factors influencing productivity … competitive environment, eventually facilitating economic convergence. …
Persistent link: https://www.econbiz.de/10011605476
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Growth in euro area labour quality
Schwerdt, Guido; Turunen, Jarkko - 2006
Composition of the euro area workforce evolves over time and in response to changing labour market conditions. We construct an estimate of growth in euro area labour quality over the period 1983-2004 and show that labour quality has grown on average by 0.6% year-on-year over this time period....
Persistent link: https://www.econbiz.de/10011604621
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Growth in Euro Area Labour Quality
Schwerdt, Guido; Turunen, Jarkko - 2021
Composition of the euro area workforce evolves over time and in response to changing labour market conditions. We construct an estimate of growth in euro area labour quality over the period 1983-2004 and show that labour quality has grown on average by 0.6% year-on-year over this time period....
Persistent link: https://www.econbiz.de/10013318111
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What drives productivity growth in the new EU member states? The case of Poland
Kolasa, Marcin - 2005
This paper considers productivity developments in the new EU member states and provides evidence on factors driving productivity growth in these countries, focusing on a panel of Polish manufacturing industries. Companies in Poland seem to benefit significantly from transfer of technologies that...
Persistent link: https://www.econbiz.de/10011604532
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Monetary Policy and Intangible Investment
Döttling, Robin - 2020
We contrast how monetary policy affects intangible relative to tangible investment. We document that the stock prices of firms with more intangible assets react less to monetary policy shocks, as identified from Fed Funds futures movements around FOMC announcements. Consistent with the stock...
Persistent link: https://www.econbiz.de/10012828075
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Bank Lending in the Knowledge Economy
Dell’Ariccia, Giovanni - 2020
We study the composition of bank loan portfolios during the transition of the real sector to a knowledge economy where firms increasingly use intangible capital. Exploiting heterogeneity in bank exposure to the compositional shift from tangible to intangible capital, we show that exposed banks...
Persistent link: https://www.econbiz.de/10012830015
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A Model of Borrower Reputation as Intangible Collateral
Nikolov, Kalin - 2012
In this paper, we build a Kiyotaki-Moore style collateral amplification framework which generates large endogenous fluctuations in the leverage available to investing firms. We assume that defaulting borrowers lose not only their tangible collateral but also their future debt market access. The...
Persistent link: https://www.econbiz.de/10013099028
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Productivity in the Euro Area : Any Evidence of Convergence?
Sondermann, David - 2012
productivity convergence among euro area countries. While no convergence can be found on the aggregate level, selected service … sectors and manufacturing sub-industries indicate evidence of convergence. In a search for factors influencing productivity … competitive environment, eventually facilitating economic convergence …
Persistent link: https://www.econbiz.de/10013107393
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Job polarisation and household borrowing
Cantarella, Michele; Kavonius, Ilja Kristian - 2022
The last few decades have been accompanied by disruptive changes to the structure of employment which have led to deterioration in demand for middle-skill occupations, a process known as job polarisation. As the demand for middle-skill workers shrinks, expectations about households' income...
Persistent link: https://www.econbiz.de/10014278309
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Job Polarisation and Household Borrowing
Cantarella, Michele; Kavonius, Ilja Kristian - 2022
The last few decades have been accompanied by disruptive changes to the structure ofemployment which have led to deterioration in demand for middle-skill occupations, a processknown as job polarisation. As the demand for middle-skill workers shrinks, expectationsabout households’ income...
Persistent link: https://www.econbiz.de/10013404302