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examines the implications for firm productivity of adverse shocks to bank lending in Italy, using a novel identification scheme …The Italian economy has been struggling with low productivity growth and bank balance sheet strains. This paper …-to-labor ratio, and productivity. The transmission from changes in credit supply to firm productivity relates to labor market …
Persistent link: https://www.econbiz.de/10011671123
sectors are weighed down by the structural barriers that have depressed productivity more broadly. Italy’s future …In Italy, price-based competitiveness measures are not always an accurate predictor of trade outcomes. This paper … Italy’s export market share. Overall, Italy maintains a high-quality export mix, and the adaptability of small …
Persistent link: https://www.econbiz.de/10014411220
We analyze the employment effects of financial shocks using a rich data set of job contracts, matched with the universe of firms and their lending banks in one Italian region. To isolate the effect of the financial shock we construct a firm-specific time-varying measure of credit supply. The...
Persistent link: https://www.econbiz.de/10011716594
, to economically and statistically significant declines in domestic output and productivity. Tariff increases also result …. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies …
Persistent link: https://www.econbiz.de/10012001500
This paper estimates the effects of offshoring on productivity in U.S. manufacturing industries between 1992 and 2000 … has a significant positive effect on productivity in the US, accounting for around 11 percent of productivity growth … during this period. Offshoring material inputs also has a positive effect on productivity, but the magnitude is smaller …
Persistent link: https://www.econbiz.de/10014401505
Italy's labor productivity in market services has declined since 2000, underperforming manufacturing and peer European …
Persistent link: https://www.econbiz.de/10012177630
This paper studies the effect of public sector efficiency on firm productivity using data from more than 400,000 firms … across Italy's provinces. Exploiting the large heterogeneity in the efficiency of the public sector across Italian provinces … significantly reduces the labor productivity of private sector firms. The results suggest that raising public sector efficiency …
Persistent link: https://www.econbiz.de/10011447149
Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis … productivity slowdown over the past two decades in four closely integrated European countries, Austria, Denmark, Germany and the … Netherlands, based on firm-level data. Participation in global value chains appears to have affected productivity positively …
Persistent link: https://www.econbiz.de/10012170132
Italy’s deep-rooted structural problems resulted in an unsatisfactory productivity performance and a dismal growth over … Italy’s economy. With output back to its end-2001 level, Italy’s output losses associated with the crisis have been, thus … decline in output is mainly accounted for by a collapse in productivity; in the medium term, employment and capital are also …
Persistent link: https://www.econbiz.de/10014402910
of standard Real Business Cycle models, a positive shock to the underlying rate of total factor productivity growth …
Persistent link: https://www.econbiz.de/10014401506