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This paper analyzes the case of workers’ buyout, which has emerged with increasing evidence in Italy over the last ten …
Persistent link: https://www.econbiz.de/10014110570
information at firm level drawn from the Bank of Italy’s annual Survey of Industrial and Service Firms (also known as the Invind … Survey) and with the accounts of in-depth interviews that a group of Bank of Italy economists conducted between the end of …
Persistent link: https://www.econbiz.de/10009322866
We study the effects of the world economic crisis which began in 2007 on the Italian productive system. National accounts data are supplemented with information gathered in spring 2009 from the Bank of Italy�s survey on industrial and service firms, and from interviews with about 70 of...
Persistent link: https://www.econbiz.de/10008543203
A series of reforms passed in Italy in 2010 reduced the expected duration of registration and startup procedures for … experiments and lacking precise estimates for the duration of the startup process in Italy, are not designed to predict both the … Italy and find that further reforms of similar nature could produce a significant increase in aggregate firm productivity …
Persistent link: https://www.econbiz.de/10012962992
We analyse the relationship between functional income distribution and economic growth in Austria, France, Germany, the Netherlands, the UK and the USA from 1960 until 2005. The analysis is based on a demand-driven distribution and growth model for an open economy inspired by Bhaduri and...
Persistent link: https://www.econbiz.de/10012716379
A popular interpretation of the Rational Expectations/Efficient Markets hypothesis states that, if it holds, market valuations must follow a random walk; hence, the hypothesis is frequently criticized on the basis of empirical evidence against such a prediction. Yet this reasoning incurs what we...
Persistent link: https://www.econbiz.de/10009663233
The inventory/cost ratio is a measure of the time to produce and distribute goods ("time to produce") and, therefore, an important determinant of working capital demand. In the aftermath of emerging market crises, manufacturing industries with higher inventory/cost ratios experienced a larger...
Persistent link: https://www.econbiz.de/10013096505
The paper discusses core characteristics of consumer and companies' behavior in Bulgaria after 2008. It analyzes the changes in the structure of economic growth in the country, income sources and the model of individual consumption of households, as well as the behavior of companies and their...
Persistent link: https://www.econbiz.de/10012984324
The severe impacts of the global financial crisis had effects on all world. However, in Sudan scientists and researchers were greatly shocked because of the governmental camouflaging on their real effects on the economy. Minister of National Economy and Finance denied the effects on the Sudanese...
Persistent link: https://www.econbiz.de/10013037829
In the General Theory, Keynes remarked that the economy's state depends on expectations, and that these expectations can be subject to sudden swings. In this work, we develop a multiple equilibria behavioural business cycle model that can account for demand or supply collapses due to abrupt...
Persistent link: https://www.econbiz.de/10013211846