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specialization, related and unrelated variety) and the explicit subdivision of shortterm resilience into resistance and recovery. The … recovery phase. A pregnant example refers to regional specialization. Not only does it show a negative impact on resistance … three types of agglomeration economies reveal varying, if not opposing directions of influences across the resistance and …
Persistent link: https://www.econbiz.de/10011961343
find that the trough in Europe occurs about 0.17 years later and the recovery (for the countries that have recovered) about … 1.55 years later. Moreover, the duration of the decline in Europe is about 4 months longer and of the recovery about 17 … and duration of the recovery (later and longer). …
Persistent link: https://www.econbiz.de/10011659477
macroeconomic instability caused by the recessionary shock of 2008/2009. Using data from 16,166 manufacturing and business services …
Persistent link: https://www.econbiz.de/10011985889
The goal of this paper is to provide stylized facts on recovery from economic downturns and to evaluate the role of … macroeconomic policies in promoting recovery. In particular, we examine gross domestic product (GDP) recessions and financial … Development (OECD) economies and 21 developing Asian economies. We find, in general, recovery from a GDP recession in Asian …
Persistent link: https://www.econbiz.de/10011283446
find that the trough in Europe occurs about 0.17 years later and the recovery (for the countries that have recovered) about … 1.55 years later. Moreover, the duration of the decline in Europe is about 4 months longer and of the recovery about 17 … and duration of the recovery (later and longer) …
Persistent link: https://www.econbiz.de/10012953709
The objective of this paper is to explore the transmission of non-bank capital shocks through banking networks. We develop a methodology to construct non-bank capital shocks, idiosyncratic shocks, using labor productivity shocks to large firms. We document a change in the relationship between...
Persistent link: https://www.econbiz.de/10012839265
This paper explores the transmission of non-capital shocks through banking networks. We develop a methodology to construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the relationship between foreign idiosyncratic shocks and...
Persistent link: https://www.econbiz.de/10012694566
This paper explores the transmission of non-capital shocks through banking networks. We develop a methodology to construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the relationship between foreign idiosyncratic shocks and...
Persistent link: https://www.econbiz.de/10013312628
West of Germany. …
Persistent link: https://www.econbiz.de/10011436802
Marshall's student Pigou noted: quot;It's all in Marshall.quot; From a static point of view, this seems rather bold in a constantly changing world. However, this statement becomes more plausible in a dynamic context, where principles are subject to change. Indeed, over time, Marshall's concept...
Persistent link: https://www.econbiz.de/10012750329