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Capital quality improvement and the sources of growth in the euro area
Sakellaris, Plutarchos; Vijselaar, Focco W. - 2004
Capital quality improvement is a general phenomenon. Therefore quality correction is needed in price indexes. There is substantial evidence of biases in the official price indexes of capital equipment. We apply to euro area statistics estimates of these biases based on US data thus deriving...
Persistent link: https://www.econbiz.de/10009639422
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Industry linkages and transmission shocks in Germany
Marcusson, Mats - 2010
Persistent link: https://www.econbiz.de/10012116924
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Firms' investment decisions in response to demand and price uncertainty
Fuss, Catherine; Vermeulen, Philip - 2004
We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and...
Persistent link: https://www.econbiz.de/10009639401
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Efficiency and risk in european banking
Fiordelisi, Franco; Marques-Ibanez, David; Molyneux, Phil - 2010
We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks operating in the European Union. We find that reductions...
Persistent link: https://www.econbiz.de/10009640329
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Growth expectations, capital flows and international risk sharing
Castrén, Olli; Miller, Marcus; Stiegert, Roger - 2003
to shocks. We use a stylised two-bloc, two-period model of the global economy, with a simple stochastic productivity … shock affecting only one country. Efficient global risk-sharing imply that expected productivity gains in one country will … for the productivity gains can further increase the risk exposure of foreign shareholders. The model is calibrated to show …
Persistent link: https://www.econbiz.de/10009635970
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EU productivity and competitiveness: an industry perspective
O'Mahony, Mary (contributor); Ark, Bart van (contributor) - Europäische Kommission / Generaldirektion Unternehmen; … - 2003
Persistent link: https://www.econbiz.de/10009635931
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International risk-sharing and the transmission of productivity shocks
Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2004
the international transmission of productivity improvements generate the observed degree of risk-sharing: one associated …
Persistent link: https://www.econbiz.de/10009636531
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Creative destruction and transition: The effects of firm entry and exit on productivity growth in Estonia
Masso, Jaan; Eamets, Raul; Philips, Kaia - 2004
firm entry and exit as well as survival analysis of new firms. Also, decompositions of productivity change into components … consisting of resource reallocation, firm entry and exit, and productivity growth within continuing firms are carried out. The … productivity compared to incumbent firms and changes in the sectoral structure of the economy. The decomposition of productivity …
Persistent link: https://www.econbiz.de/10009636560
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Economic Survey of the Slovak Republic, 2004
Organisation for Economic Co-operation and Development … - 2004
Slovakia is engaged in an ambitious reform process which has the potential to quicken productivity growth, increase the …
Persistent link: https://www.econbiz.de/10009636870
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Evolving Structural Patterns in the Enlarging European Division of Labour: Sectoral and Branch Specialisation and the Potentials for Closing the Productivity Gap
Stephan, Johannes - 2003
research and development on the determinants of productivity gaps between the current EU-15 and accession states in central and … specialisation patterns for the explanation of observed productivity gaps and for the projection of future potentials of productivity … growth in central and eastern Europe. For the aggregated level, analysis determines the share of national productivity gaps …
Persistent link: https://www.econbiz.de/10009636897