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Promoting Innovation : The Differential Impact of R&D Subsidies

Cherif, Reda; Hasanov, Fuad; Grimpe, Christoph; Sofka, … - 2022

-tech manufacturing, knowledge-intensive services, and technological services while the response of domestic and foreign MNCs is broadly … similar and is greater in medium-tech and high-tech manufacturing. Foreign MNC subsidiaries’ response in terms of patents is …

Persistent link: https://www.econbiz.de/10014244521

The Fiscal Multiplier of European Structural Investment Funds : Aggregate and Sectoral Effects with an Application to Slovenia

Durand, Luigi; Espinoza, Raphael A. - 2022

In this paper, we estimate the aggregate and sectoral fiscal multipliers of EU Structural Investment (ESI) Funds and of … public investment at the EU level. We complement these results with a specific application to the case of Slovenia. We first …

Persistent link: https://www.econbiz.de/10013305624

Productivity Growth and Structural Reform in Bulgaria : Restarting the Convergence Engine

Mitra, Pritha - 2012

Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger … productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural … productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality …

Persistent link: https://www.econbiz.de/10013102273

Risks of Stagnation in the Euro Area

Lin, Huidan - 2016

This paper discusses the risks of stagnation over the medium term in the euro area. It examines the consequences of longer-term growth trends that predate the crisis and the progress made in addressing the crisis legacies of high unemployment and debt. The paper illustrates in a downside...

Persistent link: https://www.econbiz.de/10012996031

Credit Growth and Economic Recovery in Europe after the Global Financial Crisis

Antoshin, Sergei - 2018

This paper reviews the empirical relationships between credit growth, economic recovery, and bank profitability in Europe after the global financial crisis (GFC). We find that the post-GFC recoveries in Europe have been weaker than previous recoveries, with the 'double-dip' recessions in 2011-12...

Persistent link: https://www.econbiz.de/10012929951

The Granular Origins of Macroeconomic Fluctuations in Europe

Ebeke, Christian - 2017

belong to the services and manufacturing sectors …

Persistent link: https://www.econbiz.de/10012942339

Bank Lending in the Knowledge Economy

Dell'Ariccia, Giovanni - 2017

We study bank portfolio allocations during the transition of the real sector to a knowledge economy in which firms use less tangible capital and invest more in intangible assets. We show that, as firms shift toward intangible assets that have lower collateral values, banks reallocate their...

Persistent link: https://www.econbiz.de/10012942336

Intangible Investment and Low Inflation : A Framework and Some Evidence

Lall, Subir; Zeng, Li - 2021

Intangible investment is growing as a share of economic activity. We present a simple framework incorporating its distinguishing characteristic of generally greater scalability and lower marginal costs than tangible investment. We show evidence that this may have contributed to more elastic...

Persistent link: https://www.econbiz.de/10013315102

Resolving China's Corporate Debt Problem

Maliszewski, Wojciech S. - 2016

Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality...

Persistent link: https://www.econbiz.de/10012977762

Global Value Chains and Productivity : Micro Evidence from Estonia

Banh, Hang - 2020

The COVID-19 pandemic has led to an unprecedented collapse in global economic activity and trade. The crisis has also highlighted the role played by global value chains (GVC), with countries facing shortages of components vital to everything from health systems to everyday household goods....

Persistent link: https://www.econbiz.de/10012827584

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