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Weird ties? Growth, cycles and firm dynamics in an agent-based model with financial-market imperfections
Napoletano, Mauro; Delli Gatti, Domenico; Fagiolo, Giorgio - 2005
This paper studies how the interplay between technological shocks and financial variables shapes the properties of macroeconomic dynamics. Most of the existing literature has based the analysis of aggregate macroeconomic regularities on the representative agent hypothesis (RAH). However, recent...
Persistent link: https://www.econbiz.de/10010328512
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Heavyweights - the impact of large businesses on productivity growth
Falck, Oliver - 2007
The idea of an industrial policy that promotes large businesses - heavyweights - as the best way to compete in a globalized world has become, again, en vogue among European politicians. The only apparent controversy about the idea revolves around whether it is better to promote national...
Persistent link: https://www.econbiz.de/10010264240
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Skill-biased change in entrepreneurial technology
Poschke, Markus - 2010
In contrast to the very large literature on skill-biased technical change among workers, there is hardly any work on the importance of skills for the entrepreneurs who employ those workers, and in particular on their evolution over time. This paper proposes a simple theory of skill-biased change...
Persistent link: https://www.econbiz.de/10010274617
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Skill-biased change in entrepreneurial technology
Poschke, Markus - 2010
In contrast to the very large literature on skill-biased technical change among workers, there is hardly any work on the importance of skills for the entrepreneurs who employ those workers, and in particular on their evolution over time. This paper proposes a simple theory of skill-biased change...
Persistent link: https://www.econbiz.de/10009011635
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Impeded industrial restructuring : the growth penalty
Audretsch, David B.; Carree, Martin Anthony; Stel, … - 2000
This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greatershare of economic activity. Not all countries, however, are experiencing...
Persistent link: https://www.econbiz.de/10011304393
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Firm Size, Market Liberalization and Growth
Stankov, Petar - 2013
Economies have markedly different firm size distributions. At the same time, firms of different size grow differently after identical financial- and product-market liberalization reforms. Thus, identical reforms can produce different growth outcomes across countries. This result is reached after...
Persistent link: https://www.econbiz.de/10013082730
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Growth and the Size Distribution of Firms
Luttmer, Erzo G. J. - 2005
This paper describes an analytically tractable model of balanced growth that is consistent with the observed size distribution of firms. Growth is the result of idiosyncratic firm productivity improvements, selection of successful firms, and imitation by potential entrants. The empirical...
Persistent link: https://www.econbiz.de/10014064016
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Yrityskokodynamiikka ja kasvun esteet Suomessa
Laurikka, Annu - 2023
The report examines the dynamics of company size classes in Finland and the relationship between growth barriers and company size. It investigates how Finnish companies have moved between different company size categories from 2008 to 2020, categorizing them based on both the number of employees...
Persistent link: https://www.econbiz.de/10014426038
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Railways and the productivity gap in Italy : persistence and divergence after unification
Pontarollo, Nicola; Ricciuti, Roberto - 2015
The political unification of Italy in 1861 led to the establishment of a single market, by removing the trade barriers … same time, the Kingdom of Italy started a large infrastructure project to spread railways, which were largely confined in … Northern Italy, all over the country. Using tools from spatial econometrics, we find that railways played a positive effect on …
Persistent link: https://www.econbiz.de/10011295798
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The contribution of universities to growth : empirical evidence for Italy
Carree, Martin Anthony; Della Malva, Antonio; … - 2011 - Version: October 21, 2011
New entrepreneurial ventures may represent a viable and effective mechanism to transform academic knowledge into regional economic growth. We test this notion for the Italian provinces between 2001 and 2006. We evaluate three outputs of academic activities: teaching, research and Intellectual...
Persistent link: https://www.econbiz.de/10011735131