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versus private ownership and the quality of institutions as determinants of productivity. While earlier literature has … lower productivity than under private ownership, here we focus on the role of institutions as an external governance … than their private counterparts (a result robust to different productivity measures), but we also discover two new facts …
Persistent link: https://www.econbiz.de/10013000278
European electricity industry has recently come through liberalization. Surge of intakes with high share of cross-border deals was market players’ response. Measuring of post-merger performance alterations is a central question of M&A literature. EU energy sector is responsible for significant...
Persistent link: https://www.econbiz.de/10011446313
Unbundling of vertically integrated utilities has become an integral element in the regulation of network industries and has been implemented in many jurisdictions. The idea of separating the network, as the natural monopoly, from downstream retailing, which may be exposed to competition, is...
Persistent link: https://www.econbiz.de/10012850827
facilities in Europe jointly with their output, productivity, and other key economic outcomes. To disentangle the influence of … and productivity do not change suggesting that reductions in emissions follow proportional reductions in output rather … productivity and profits of other facilities and firms owned by the acquiring parent company after a change in ownership. …
Persistent link: https://www.econbiz.de/10014311914
Persistent link: https://www.econbiz.de/10011752677
versus private ownership and the quality of institutions as determinants of productivity. While earlier literature has … lower productivity than under private ownership, here we focus on the role of institutions as an external governance … than their private counterparts (a result robust to different productivity measures), but we also discover two new facts …
Persistent link: https://www.econbiz.de/10013125632
investigate productivity effects for a given firm resulting from the import or export of intermediate inputs by domestic upstream … productivity. Further, our results highlight two common, but important, misspecification biases: ignoring the dynamic nature of … productivity and estimating a value-added instead of a gross-output production function …
Persistent link: https://www.econbiz.de/10012890132
Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...
Persistent link: https://www.econbiz.de/10012923225
The aim of this report is to foster a better understanding of past trends in, and drivers of, productivity growth in … the countries of the European Union (EU) and of the interplay between productivity and monetary policy. To this end, a … productivity growth, including within the European System of Central Banks and in the context of the review of the ECB’s monetary …
Persistent link: https://www.econbiz.de/10012627152
The paper investigates whether the poor productivity performance of the European business services industry is related … productivity frontier and so obtain the distance of firms to the productivity frontier, using detailed industry-level panel data … distance with the productivity frontier. We find that that most scale advantages are exhausted after reaching a size of 20 …
Persistent link: https://www.econbiz.de/10013238397