A5084268013- Firm Innovation and Growth
- Global trade and economics
- Regional Development and Policy
- Labor market dynamics and wage inequality
- Entrepreneurship Studies and Influences
- Economic Growth and Productivity
- Global Financial Crisis and Policies
- Global Trade and Competitiveness
- Climate Change Policy and Economics
- Fiscal Policies and Political Economy
- Economic Policies and Impacts
- Monetary Policy and Economic Impact
- Corporate Finance and Governance
- Innovation Policy and R&D
- Corruption and Economic Development
- Italy: Economic History and Contemporary Issues
- European Monetary and Fiscal Policies
- Employment, Labor, and Gender Studies
- International Business and FDI
- Energy, Environment, Economic Growth
- Fiscal Policy and Economic Growth
- COVID-19 Pandemic Impacts
- Economic Growth and Development
- Private Equity and Venture Capital
- Space Science and Extraterrestrial Life
European Central Bank
2015-2024
Bank of Spain
2009-2011
Florida International University
2005
London School of Economics and Political Science
2001
The impact of entry upon market performance depends not only on the number entries and their size, but also how long do firms last. Consequently, there are an increasing papers, most them focused United States restricted to manufacturing sector, aimed at analysing post firms. Unfortunately, is much about this important topic in Spain due lack appropriate longitudinal micro data current paper aims fill gap by means a new database covering all sectors business economy constructed Bank Spain....
This paper tests the opportunity-cost theory using a panel of Spanish firms during period 1991-2010. Under this theory, productivity-enhancing activities, such as R&D investment, should increase downturns because fall in their relative cost – terms forgone output. would imply that business cycles may have (positive) long-term impact on productivity growth. In spirit Aghion, et al. (2007) we allow cycle to vary between with different access credit, finding credit constraints reverse...
We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium, France, Germany, Italy Spain) eight main sectors economy during period 2002-2012. Three key stylized facts emerge. First, all with exception allocation has worsened over time whereas efficiency reallocation not changed significantly. Second, observed increase misallocation been particularly severe services as opposed to industry. Third, both dropped 2009 again for some...
The impact of climate change on European Union (EU) countries and regions is poised to exhibit considerable diversity, influenced by factors encompassing average temperature, sectoral composition, developmental stages, adaptation endeavours. transition towards a more climate-friendly economy demands well-orchestrated approach mitigate enduring productivity costs. This shift will have varied implications for businesses, contingent upon their scale, access financial resources, capacity...
This paper tests the opportunity-cost theory on long-run effects of business cycles using a panel Spanish firms during period 1991–2010. Under this theory, share productivity-enhancing activities (PEAs), such as R&D investment or on-the-job training, relative to production should increase downturns because fall in their cost — terms forgone output. would imply that may have (positive) long-term impact firms' productivity growth. In spirit Aghion et al. (2008), we allow cycle PEA vary between...
This paper studies the short-term and long-term consequences of COVID-19 pandemic for productivity in Europe. Aggregate sectoral evidence is complemented by firm-level data-based findings obtained from a large micro-distributed exercise. Productivity trends during differed past trends. Labour per hour worked temporarily increased, while employee declined across sectors given widespread use job retention schemes. The extensive margin growth was muted to some degree policy support granted...
This paper investigates whether the existence of knowledge spillovers, differences in capacity firms to assimilate them and disparities some human resource management practices are related with decision innovate Spanish firms. In order do this, we employ data from “Central de Balances” database, which covers both manufacturing services during period 2003-2007, use an estimator proposed by Wooldridge (2005) for dynamic random effects discrete choice models. The empirical exercise provides...
Despite the relevance in terms of policy, we still know little Spain about where and by whom jobs are created, how that is affecting size distribution firms. The main innovation this paper to use a rich database overcomes problems encountered other firm-level studies shed some light on employment generation small firms Spain. We find contribute disproportionately across all sectors economy although difference between their job creation share largest manufacturing sector. creators sector both...
Many studies have established that a small number of firms, known as fast-growth firms or Gazelles, create most the new jobs. In spite importance this topic from policy-point view, those are descriptive and limited to comparison characteristics high-growth group with respect control firms. This paper, on other hand, performs multivariate analysis determinants fast growth Spanish controlling for possible endogeneity some variables. We use purpose firm-level database information about 200,000...
This paper investigates whether the existence of knowledge spillovers and capacity firms to assimilate them, which we relate with R&D intensity some human resource management practices, are associated decision innovate Spanish firms. In order do this, employ data from 'Central de Balances' database, covers both manufacturing services during period 2003–2007, use an estimator proposed by Wooldridge [2005. Simple solutions initial conditions problem in dynamic nonlinear panel models unobserved...
Drawing from confidential firm-level balance sheets in 11 European countries, the paper presents a novel sectoral database of comparable productivity indicators built by members Competitiveness Research Network (CompNet) using newly developed research infrastructure. Beyond aggregate information available industry statistics Eurostat or EU KLEMS, provides on distribution firms across several dimensions related to competitiveness, e.g. and size. The comprises so far with for 58 sectors over...
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We have constructed a new database aimed at the study of relation between firm demography and labour productivity, with large number Spanish firms from both industry service sectors. This allows us to analyze in detail degree dispersion persistence productivity levels, as well contribution growth. analysis has been done different levels sector aggregation. also studied explicitly differential role small firms.
We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium, France, Germany, Italy Spain) eight main sectors economy during period 2002-2012. Three key stylized facts stand out. First, all except allocation worsened over time whereas efficiency reallocation did not change significantly. Second, observed increase misallocation has been particularly marked services compared with industry. Third, both decreased 2009 again for some...
Drawing from confidential firm-level balance sheets for 17 European countries (13 Euro-Area), the paper documents newly expanded database of cross-country comparable competitiveness-related indicators built by Competitiveness Research Network (CompNet). The new provides information on distribution labour productivity, TFP, ULC or size firms in detailed 2-digit industries but also within broad macrosectors considering full economy. Most importantly, includes critical determinants...
The studies summarised in this paper focus on the economic implications of euro area firms’ participation global value chains (GVCs). They show how, and to what extent, a large set variables interlinkages have been affected by international production sharing. core conclusion is that GVC has major for economy. Consequently, there case making adjustments standard macroeconomic analysis forecasting area, taking due account data availability constraints.
Using micro-aggregated firm information for nine Central and Eastern European (CEE) countries data from input-output tables, we examine the role of Global Value Chains (GVCs) technology diffusion across EU countries. Our empirical results provide support a two-stage process In first stage, most productive firms in host economy benefit their direct exposure to new created parent as result GVC participation. second spills over rest via domestic production networks. addition, show that import...