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Economic growth and budgetary components : a panel assessment for the EU

Afonso, António (contributor); … - 2008

In this paper we test whether a reallocation of government budget items can enhance long-term GDP growth in a set of European countries. We apply modern panel data techniques to the period 1970-2006, and we use three alternative dependent variables in a growth regression: economic growth, total...

Persistent link: https://www.econbiz.de/10003636014

Digitalisation, institutions and governance, and diffusion : mechanisms and evidence

Baccianti, Claudio; Labhard, Vincent; Lehtimäki, Jonne - 2022

Digitalisation can be described as a sequence of technology and supply shocks which affect the economy through employment and labour markets, productivity and output, and competition and market structure. This paper focuses on how digitalisation - the process of diffusion of digital technologies...

Persistent link: https://www.econbiz.de/10013271092

Cross-country cross-technology digitalisation : a Bayesian hierarchical model perspective

Hoffreumon, Charles; Labhard, Vincent - 2022

In this article, we present a new perspective on forecasting technology adoption, focused on the extensive margin of adoption of multiple digital technologies in multiple countries. We do this by applying a Bayesian hierarchical structure to the seminal model of technology diffusion. After...

Persistent link: https://www.econbiz.de/10013332854

Payment scale economies, competition, and pricing

Humphrey, David B. - 2009

Payment scale economies affect banking costs, competition in payment services, and pricing. Our scale measure relates operating cost to physical measures of European banking "output", finding large economies. This differs from relating total cost to the value of balance sheet assets (the...

Persistent link: https://www.econbiz.de/10003969437

Organisational structure as a driver of mergers and acquisitions in the European banking sector

Lebastard, Laura - 2022

This paper studies the bilateral drivers of mergers and acquisitions (M&As) between European banks. Two findings document that banks use M&A as a device to leverage their expertise rather than to diversify. (i) Following the literature on matrimonial matching by using a binary logit model, the...

Persistent link: https://www.econbiz.de/10013265942

The high-yield segment of the corporate bond market

Bondt, Gabe de; Marqués, David - 2004

This study empirically examines the development of the high-yield segment of the corporate bond market in the United States, as a pioneer country, and the United Kingdom and the euro area, as later adopting countries. Estimated diffusion models show for the United States a significant pioneer...

Persistent link: https://www.econbiz.de/10009636536

The post-crisis TFP growth slowdown in CEE countries : exploring the role of Global Value Chains

Chiacchio, Francesco; Gradeva, Katerina; … - 2018

Using micro-aggregated firm information for nine Central and Eastern European (CEE) countries and data from input-output tables, we examine the role of Global Value Chains (GVCs) for technology diffusion across EU countries. Our empirical results provide support for a two-stage diffusion process...

Persistent link: https://www.econbiz.de/10011816163

New technologies and jobs in Europe

Albanesi, Stefania; Silva, António Dias da; Jimeno, Juan F. - 2023

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/10014343139

Determinants of firms' efficiency: do innovations and finance constraints matter? : the case of European SMEs

Bonanno, Graziella; Ferrando, Annalisa; Rossi, Stefania - 2020

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/10012241105

Does private equity investment spur innovation? : evidence from Europe

Popov, Alexander; Roosenboom, Peter - 2009

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/10003867027

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