A Wave of Bankruptcies is Coming in Europe
in: The Economist, May 16, 2020
We pin down a new mechanism behind comparative advantage by pointing out that countries differ in their ability to adjust to technological change. We take stock of the pattern extensively documented in the labor literature whereby more efficient machines displace workers from codifiable (routine) tasks.
This paper examines the links between the internationalization mode of firms and market imperfections in product and labor markets.
We use the American Time Use Survey (ATUS) 2003-12 to estimate time spent by workers in non-work while on the job. Non-work time is substantial and varies positively with the local unemployment rate.
Sponsored by the Chief Economist Office for the World Bank’s Equitable Growth, Finance and Institutions Practice Group and the Competitiveness Research Network.
In this paper, we investigate the economic returns to industrial espionage by linking information from East Germany's foreign intelligence service to sector-specific gaps in total factor productivity (TFP) between West and East Germany.
The 13th CompNet conference will gather frontier researchers with top notch policy advises on competitiveness.
This paper explores how bank concentration affects product market competition of non-financial firms. We argue, and provide evidence, that sharing common lenders lowers the cost of debt financing. This is because common lenders internalize potential adverse effects of higher loan rates on the product market behavior of their borrowers’ competitors.
The aim of this workshop is to dig deeper into localisation economies and associated productivity gains. The increasing availability of new cross-border databases at the firm level and of micro-level databases at the firm and individual levels creates the opportunity to analyse localisation economies in novel settings.