Showing 1 - 10 of 73
Productivity growth is slowing down among OECD countries, coupled with increased misallocation of resources. A recent strand of literature focuses on the role of non-viable firms (“zombie firms”) to explain these developments. Using a rich firm-level dataset for one of the OECD countries...
Persistent link: https://www.econbiz.de/10011975694
This paper explores the existence and importance of financing constraints for R&D investments in large EU and US … the sensitivity of R&D investments to cash flow variations are important for European firms while US ones do not appear to …
Persistent link: https://www.econbiz.de/10011980362
This paper reviews the main issues related to the short-term impact of structural reforms in different macroeconomic contexts and takes stock of existing theoretical and empirical studies. Taking reforms introduced in “normal” times as a benchmark, it reviews the available evidence on the...
Persistent link: https://www.econbiz.de/10011577742
The OECD framework for estimating potential output is combined with previous OECD empirical research to analyse the causes of recent weak productivity growth. Current weak labour productivity growth in many OECD countries reflects historically weak contributions from both total factor...
Persistent link: https://www.econbiz.de/10011577778
&D expenditure and renewable energy requires lifting investments in the related areas. Financing conditions, which are widely …
Persistent link: https://www.econbiz.de/10011577780
Non-residential investment has fallen over the past 20 years as a share of GDP and is now lower than in several other high-income OECD countries. Business investment growth has been weak since the outbreak of the global financial and economic crisis. Government investment has been low,...
Persistent link: https://www.econbiz.de/10011577924
Official euro area-wide statistics on the capital stock and its breakdowns by asset type and sector are not yet available, but would be very useful for economic and financial stability analysis. This paper proposes a constrained optimisation model with the help of which a full cross-sector...
Persistent link: https://www.econbiz.de/10011664055
The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries, not only in relation to past norms but also...
Persistent link: https://www.econbiz.de/10010464901
This paper presents results from a first pilot study to measure the consistency of real economy investments with … climate change mitigation objectives. The analysis focuses on investments in infrastructure and equipment in the manufacturing … these investments is then measured at subsector level based on two readily available reference points: the European Union …
Persistent link: https://www.econbiz.de/10012180399
venture capital markets would provide them with further resources for their long-term knowledge based investments. Skills …
Persistent link: https://www.econbiz.de/10012203255