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Mexico has embarked on a bold package of structural reforms that will help it to break away from three decades of slow growth and low productivity. Major structural measures have been legislated to improve competition, education, energy, the financial sector, labour, infrastructure and the tax...
Persistent link: https://www.econbiz.de/10011392836
This paper surveys a broad range of studies and highlights the main findings of the empirical literature regarding business finance and productivity. Numerous studies analyse the productivity effects of financial development and frictions. The results suggest: 1) Financial development likely has...
Persistent link: https://www.econbiz.de/10011700187
This research investigates deals with the impact of various innovation activities on innovation output by using Spanish … innovation activities lead to differences in both the propensity to innovate and innovation output, depending on the … technological characteristics a firm has. In general, internal R&D leads to product innovation, while machinery acquisition leads to …
Persistent link: https://www.econbiz.de/10012056149
This paper examines the evolution of firm mark-ups across 26 countries for the period 2001-14. It also discusses and investigates empirically how this can be related to the degree of digital transformation in sectors. Four main facts emerge: i) mark-ups are increasing over the period, on average...
Persistent link: https://www.econbiz.de/10011911458
This paper provides new evidence on the main characteristics of laggard firms - firms in the bottom 40% of the productivity distribution - and their potential for productivity growth. It finds that laggards are on average younger and smaller than more productive firms, and matter for aggregate...
Persistent link: https://www.econbiz.de/10012421285
Based on the expectation that the intensified use of robots contributes to the growth of labour productivity, this paper presents estimates of Cobb-Douglas production functions, using data for 12 EU countries and 9 manufacturing industries. The empirical results for the models pooling all...
Persistent link: https://www.econbiz.de/10012119481
Persistent link: https://www.econbiz.de/10000856587
the slump following the Great Recession. Endogenous innovation dynamics amplifies financial crises and helps explain the …
Persistent link: https://www.econbiz.de/10012054578
This paper investigates capital formation with a view at various tangible and intangible assets across Europe. Using novel datasets both at macro and firm level, we estimate translog production functions to assess complementarities at different aggregation levels. At macro-level, our evidence...
Persistent link: https://www.econbiz.de/10012792301
. Fostering competition by removing regulatory barriers and improving public procurement would help. In addition, innovation …
Persistent link: https://www.econbiz.de/10010374405