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Este trabajo analiza cómo los diferentes sistemas de asignación de licitaciones públicas entre empresas afectan a la dinámica empresarial y al crecimiento económico a largo plazo. Por un lado, construimos una base de datos administrativos que combina información sobre las características...
Persistent link: https://www.econbiz.de/10013408737
misallocation of labor ranging from 2 to 10 percent of total labor costs, for an increase in the index of labor regulation from the …
Persistent link: https://www.econbiz.de/10009477273
factors across firms was at the root of the low TFP growth in Spain, while misallocation across sectors played only a minor … role. We show that within-industry misallocation of production factors increased substantially over the period in all … technological frontier. Cross-industry variation reveals that the increase in misallocation was more severe in sectors where the …
Persistent link: https://www.econbiz.de/10012530509
El patrón de crecimiento de la economía española durante el período 1995-2007 se caracterizó por el notable aumento del empleo y de la inversión, así como por la ausencia de ganancias en productividad. Estos desarrollos macroeconómicos se combinaron con un aumento del crédito bancario,...
Persistent link: https://www.econbiz.de/10012532114
La productividad total de los factores (PTF) se considera el determinante principal del crecimiento económico sostenible a largo plazo. La ausencia de crecimiento en la PTF caracterizó a la economía española desde la fundación de la eurozona hasta el estallido de la crisis financiera...
Persistent link: https://www.econbiz.de/10012532117
empirically investigates the impact of local house price booms on capital misallocation within manufacturing industries. Using the …
Persistent link: https://www.econbiz.de/10012623929
misallocation. TFP endogenously depends on the time-varying distribution of firms. Although a reduction in real rates increases … misallocation in partial equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the …
Persistent link: https://www.econbiz.de/10012746212
Summary of Banco de España Working Paper no. 2145
Persistent link: https://www.econbiz.de/10013267757
impact of monetary policy on capital misallocation through its heterogeneous effects on firms. Using Spanish firm-level data … covering the period 1999-2019, we show that an expansionary monetary policy shock leads to a decrease in capital misallocation …
Persistent link: https://www.econbiz.de/10013494474
identifiable costs so as to avoid misallocation of society's resources. Most scholars of the law and economics persuasion have … gender-based rates that result in the misallocation of resources.The problem with gender-based rates lies in two unstated …
Persistent link: https://www.econbiz.de/10009432041