Showing 1 - 10 of 2,171
Persistent link: https://www.econbiz.de/10011287261
This paper investigates the development of skill shortage during the period 2007-2012. Using the IAB establishment panel, we find differences for the years before, during and after the Great Recession. Furthermore, we analyze the importance of firm characteristics and that of some specific...
Persistent link: https://www.econbiz.de/10010379219
This paper analyses the effect of the education of the self-employed on the success of their firms during economic downturn and upturn in the 1990s in Finland. We find that the business cycle affects the relative closure rates of firms run by the self-employed with any level of education. Exit...
Persistent link: https://www.econbiz.de/10001646587
Countries with more developed financial markets (as measured by the private debt-to-GDP ratio) tend to have significantly lower aggregate volatility. This relationship is also highly non-linear starting from a low level of financial development the reduction in aggregate volatility by financial...
Persistent link: https://www.econbiz.de/10013088166
We analyse stylised facts for Germany's business cycle at the firm level. Based on longitudinal firm-level data from the Bundesbank's balance sheet statistics covering, on average, 55,000 firms per year from 1971 to 1998, we estimate transition probabilities of a firm in a certain real sales...
Persistent link: https://www.econbiz.de/10012991183
Persistent link: https://www.econbiz.de/10012991224
We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices and utilization and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than TFPQ dispersion in recessions. Productivity shocks pass...
Persistent link: https://www.econbiz.de/10013256973
This study represents a first attempt to empirically analyze the role of firm heterogeneity in regional business cycle behaviour. Working with monthly Italy's firms data and estimating a random effects ordered probit model, we first document sizable asymmetries in Northern and Southern firms...
Persistent link: https://www.econbiz.de/10011522570
We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish microdata including prices and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than productivity dispersion in recessions....
Persistent link: https://www.econbiz.de/10013488861
This paper investigates the evolution of aggregate productivity and markups among French manufacturing firms between … markups are estimated based on a gross output translog production function using popular estimation methods. I find an … aggregate productivity growth of about 34% over the whole period while aggregate markups are found to remain relatively stable …
Persistent link: https://www.econbiz.de/10014468964