eBook - ePub

EIB Working Papers 2018/06 - Resource Misallocation in European Firms

Name: EIB Working Papers 2018/06 - Resource Misallocation in European Firms
Author: European Investment Bank

The Role of Constraints, Firm Characteristics and Managerial Decisions

European Investment Bank,

50 pages
English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

EIB Working Papers 2018/06 - Resource Misallocation in European Firms

The Role of Constraints, Firm Characteristics and Managerial Decisions

European Investment Bank,

About this book

Using EIBIS, this paper shows that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States and estimate potential increases in GDP from the removal of barriers between industries and countries.It examines the role of firm characteristics and emphasizes that some firm characteristics may reflect compensating differentials rather than constraints and the effect of constraints on the dispersion of marginal products may hence be smaller than has been assumed in the literature.It also shows that cross-country differences in the dispersion of marginal products are more due to differences in how the business, institutional and policy environment translates firm characteristics into outcomes than to the differences in firm characteristics per se.

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Yes, you can access EIB Working Papers 2018/06 - Resource Misallocation in European Firms by European Investment Bank in PDF and/or ePUB format, as well as other popular books in Business & Finance. We have over one million books available in our catalogue for you to explore.