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This study suggests a two-step approach to identifying and interpreting regional convergence clubs in Europe. The first step calculates Bayesian probabilities for various assignments of regions to two clubs using a general stochastic space-time dynamic panel relationship between growth rates and...
Persistent link: https://www.econbiz.de/10011685263
R&D output to capture the contribution of R&D (direct and spilled-over) to regional productivity at the industry level …. The results suggest that interregional knowledge spillovers and their productivity effects are to a substantial degree …) produce interregional knowledge spillovers that have positive and highly significant productivity effects. The study, moreover …
Persistent link: https://www.econbiz.de/10014205704
In the last decade there has been an upsurge of studies on international comparisons of Total Factor Productivity (TFP … physical capital) but mainly in productivity and technology. Therefore, a crucial issue is the analysis of the determinants of …
Persistent link: https://www.econbiz.de/10014206553
The financial crisis affected regions in Europe in a different magnitude. This is why we examine whether regions which incorporate banks with a higher intermediation quality grow faster in “normal” times and are more resilient in “bad” ones. For this purpose, we measure the...
Persistent link: https://www.econbiz.de/10011443947
thresholds for example), and using cross-sectional growth regressions for estimation and interpretation purposes. …
Persistent link: https://www.econbiz.de/10011518150
offshoring and domestic outsourcing with a firm panel. I find that offshoring of non-core activities has led to productivity … gains whereas offshoring of core activities and domestic outsourcing have had no such effects. The estimated productivity …The economic effects of offshoring have been subject to extensive empirical analysis in the past, but many studies have …
Persistent link: https://www.econbiz.de/10009570478
Using a large firm level dataset, that covers 18 European countries in the 2006-2014 period, I develop an empirical approach in the spirit of Rajan and Zingales (1998) in order to study whether and to what extent the credit cycle influences the efficient allocation of resources across firms. I...
Persistent link: https://www.econbiz.de/10012925009
Persistent link: https://www.econbiz.de/10010246953
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externalities (mainly specialisation and diversity externalities) on total factor productivity dynamics. We also analyse the …
Persistent link: https://www.econbiz.de/10011550848