Showing 1 - 10 of 728
This paper analyses the impact of changes in environmental regulations on productivity growth at country- and firm-level. We exploit several data sources and the environmen-tal policy stringency index, to evaluate the Porter hypothesis, according to which firms’ productivity can benefit from...
Persistent link: https://www.econbiz.de/10014356434
We examine the extent to which environmental regulation affects innovation and which policy types provide the strongest … environmental technology innovation. At the firm-level, however, environmental policy tightening leads to higher innovation activity … in technologies mitigating climate change, while the effect on innovation in other technologies is muted. This suggests …
Persistent link: https://www.econbiz.de/10014565164
We test whether two key elements of the EU and euro area economic governance framework, the Stability and Growth Pact …-in-difference approach on a panel of over 30 countries, some of which are non-EU (control group). Hence, the impact of the EU economic …
Persistent link: https://www.econbiz.de/10011605390
This paper analyses the rapid trade integration of the Central and Eastern European countries (CEEC's) with the euro area in the past ten years and draws implications for further integration. We use as benchmark an enhanced gravity model estimated for a large sample of bilateral trade flows...
Persistent link: https://www.econbiz.de/10013318195
We develop a framework for analyzing quot;medium-runquot; departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking quot;directedquot; technical change) with a below-unitary substitution elasticity...
Persistent link: https://www.econbiz.de/10012771612
We examine the link between labour market developments and new technologies such as artificial intelligence (AI) and software in 16 European countries over the period 2011-2019. Using data for occupations at the 3-digit level in Europe, we find that on average employment shares have increased in...
Persistent link: https://www.econbiz.de/10014346583
We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing … funds and insurance companies across countries and over time. We also control for the standard determinants of innovation … aggregate (private equity plus R&D) industrial spending, PE accounts for as much as 12% of industrial innovation. We also …
Persistent link: https://www.econbiz.de/10013117009
Using a comprehensive database of European firms, we study how private equity affects the rate of firm entry. We find that private equity investment benefits new business incorporation, especially in industries with naturally higher entry rates and R&D intensity. A two standard deviation...
Persistent link: https://www.econbiz.de/10013152176
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation … efficiency in order to increase profitability. Among firms that have embarked in product innovation, those in the industry and … help to better understand the link between innovation, financial constraints and efficiency, which goes beyond the idea …
Persistent link: https://www.econbiz.de/10012831402
suggests that whilst micro reforms boost innovation, macro reforms may appear negative. We test and find empirical support for …
Persistent link: https://www.econbiz.de/10013229692