Search results for "Productivity."
showing 10 items of 557 documents
Age and productivity as determinants of firm survival over the industry life cycle
2017
AbstractThis paper contributes to fill the gap between the literature on the determinants of firm survival and the empirical works on the industry life cycle (ILC). Using a representative sample of Spanish firms with 10 or more employees over the period 1993–2009, the role played by firm age and productivity in firm survival is empirically analysed across three stages of the life cycle of forty-seven 3-digit manufacturing sectors. In the ‘early’ stage of the ILC, firm age is negatively correlated with hazard rates while firm productivity is not. Firm productivity is associated with lower hazard in the ‘mature’ stage of the ILC, when competition is primarily efficiency-driven, while firm age…
What Explains the Long-term Evolution of Regional Income Inequality in Spain?
2018
This chapter analyses the proximate causes of territorial inequality. To do this per-capita income inequality is broken down into elements related to differences in regional labour markets and elements linked to the presence of differences in labour productivity between regions. Then the factors that determine these differences in productivity are examined by carrying out a number of quantitative exercises to see whether or not they are in some way connected to the territories’ different production structures or whether they are due to the different levels of productivity registered by each sector on a regional scale. This set of exercises shows which of the potential explanatory factors wa…
New perspectives on old inequalities: Italy’s north–south divide
2020
Italy’s regional inequalities are more substantial and persistent than any other European country. They pertain to fundamental economic indicators (income, productivity, employment) and to many relevant features of the socio-institutional environment (the quality of institutions, education attainments, government and bureaucratic efficiency, etc.). The 2008–13 crisis further exacerbated divergences, with a collapse of capital accumulation and unwelcome demographic shocks (brain drains, migrations, etc.). This paper contributes to this rich literature with a specific focus on the increase of ‘within-south inequalities’ and investigates some socioeconomic determinants and processes that can e…
The Role of the Exchange Rate Regime in the Process of Real and Nominal Convergence
2013
During the last decade, economists have intensively searched for evidence on the importance of the Balassa-Samuelson (B-S) hypothesis in explaining nominal convergence. One general result is that B-S can at best explain only part of the excess inflation observed in the European catching-up countries, which suggests that other factors may be at play. In these and related studies, however, the potential role of the exchange rate regime in affecting price convergence in Europe has been overlooked. In this respect, we claim that the choice of the exchange rate regime has decisively affected the path of nominal convergence. To show this, we first model the (endogenous) choice of the exchange rat…
Inflation dynamics in a model with firm entry and (some) heterogeneity
2014
We analyse the incidence of endogenous entry and firm TFP-heterogeneity on the response of aggregate inflation to exogenous shocks. We build up an otherwise standard DSGE model in which the number of firms is endogenously determined and firms differ in their steady state level of productivity. This splits the industry structure into firms of different sizes. Calibrating the different transition rates, across firm sizes and out of the market we reproduce the main features of the distribution of firms in Spain. We then compare the inflation response to technology, interest rate and entry cost shocks, among others. We find that structures in which large (more productive) firms predominate tend…
Efficiency analysis in banking firms: An international comparison
1997
The intensive process of financial European integration, together with the profound transformation and deregulation that has taken place in the Spanish Banking System, justifies the evaluation of its efficiency in comparison with that of other banking systems. In this context, the aim of this study is to analyze the productivity, efficiency and differences in technology of several banking systems. Using a non-parametric approach together with the Malmquist index, we compare the efficiency, productivity and differences in technology of different European and US banking systems for the year 1992. Finally, for a subsample of banks belonging to the same group of countries, using real as opposed…
A framework for a network-level performance measurement system in SME networks
2008
The present study aims to present a theoretical framework for a network-level performance measurement system. The suggested framework for the performance measurement system is composed of the factors that enable and cause the productivity and profitability of the network form of organisation. The framework developed in this study can be divided into six subdimensions: (1) network culture, (2) resources and competences, (3) models of action, (4) internal processes, (5) customer perspective and (6) financial indicators of the network. We argue that this framework provides research opportunities to study the performance of the network form of organisation; but even more importantly, it provide…
Institutional Sources of Resilience in Global ICT Leaders - Harness the Vigor of Emerging Power
2014
In light of the significant impacts on global economy both nations and firms witnessed a dramatic advancement of information and communication technology (ICT). There was particularly bi-polarization between ICT advanced and growing economies compelling a vicious cycle between ICT advancement and its productivity decline in these economies. The institutional sources of resilience were analyzed. On the basis of an empirical analysis comparing technopreneurial performance in world top 500 ICT firms by market value, sales and profit over the last decade, resilient firms maintaining world top 100 position by all three values over the whole period were identified. Institutional sources enabling …
Innovación tecnológica, competitividad y productividad: una aproximación al sector hostelería y restauración de la Comunidad Valenciana
2008
[Resumo] A innovación tecnolóxica contribúe, en boa medida, ao crecemento do sector turístico e ao aumento da produtividade dos factores de produción. Neste artigo, relaciónanse factores como a innovación, o emprego, a especialización e a concentración turística para explicar o crecemento do sector. Así mesmo, realízase unha análise comparativa entre a Comunidade Valenciana e España centrada nos subsectores da hostalaría e da restauración. [Resumen] La innovación tecnológica contribuye, en gran medida, al crecimiento del sector turístico y al aumento de la productividad de los factores de producción. En este articulo los factores como innovación, empleo, especialización y concentración turí…
Conflicts related to Human Resource Management in Finnish Project-Based Companies
2020
In contemporary working life of Nordic countries, employee involvement and well-being are emphasized and organizational functions and demands are continuously changing. Thus, the study of human resource management (HRM) practices and their consequences for employees is relevant. This study examines conflicts related to HRM in Finnish project-based companies and provides new information on the implications of conflicts in HRM practices for theorists and practitioners. The research was conducted qualitatively using content and thematic analysis. The findings suggest that conflicts framed within HRM practices are generally the result of the practices and expectations of the organization and ma…