Showing 1 - 10 of 14
We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF specific panel unit root test to investigate the meanreverting behaviour of general government expenditure and revenue ratios. Secondly, we apply the bootstrap panel cointegration...
Persistent link: https://www.econbiz.de/10003782655
We develop a horizontal R&D growth model that allows us to investigate the different channels through which financial reforms affect R&D investment and patent activity. First, a "micro" reformthat abolishes barriers to entry in the banking sector produces a straightforward result: a decrease in...
Persistent link: https://www.econbiz.de/10012508542
Persistent link: https://www.econbiz.de/10003874454
Persistent link: https://www.econbiz.de/10009507982
Persistent link: https://www.econbiz.de/10001845773
Persistent link: https://www.econbiz.de/10001497592
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation … a novel dataset that merges survey-based data derived from the ECB Survey on access to finance for enterprises (SAFE … that easier access to finance is the panacea to get higher profit efficiency. …
Persistent link: https://www.econbiz.de/10012241105
find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high … initial share of bond- relative to bank-based finance; this effect weakens, and may even reverse, in economies with a low …
Persistent link: https://www.econbiz.de/10012212853
Persistent link: https://www.econbiz.de/10003305054
Persistent link: https://www.econbiz.de/10010516512