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CORDIS - Resultados de investigaciones de la UE
CORDIS

Industrial Structure and the European Productivity Growth Divergence

Descripción del proyecto

Comprender la división industrial norte-sur

Europa padece una brecha de productividad subyacente entre el norte y el sur. Las estructuras industriales podría ser uno de los factores detrás de este hecho. El proyecto financiado con fondos europeos ISEProD aunará conocimientos y nuevas técnicas de organización industrial y financiación de empresas para evaluar las causas y las consecuencias de las diferentes estructuras industriales. En concreto, el proyecto acometerá cuatro paquetes de trabajo diferentes: el primero hace referencia al papel de la propiedad, el control y la toma de riesgos de la empresa; el segundo examina la oferta de capacidades y los efectos de la educación de empresarios y gerentes; el tercero se centra en la estructura industrial, así como en las relaciones insumo/producto relacionadas con la adopción de tecnologías de la información; y el cuarto trata sobre el acceso a la financiación con información asimétrica y mercados financieros imperfectamente competitivos.

Objetivo

"The last two decades have witnessed substantial progress in the measurement of productivity. However, our understanding of the deep determinants of productivity growth is still limited. This is important in the face of both the global productivity slowdown emerged since mid 2000s and the large productivity growth divide in Continental Europe between the North and the South. I hypothesize that ownership, control and finance (in short ""industrial structure'', IS) play a key role and that their importance, due to technological change, has grown over time. I plan to merge insights and state-of-the-art techniques from industrial organization and corporate finance to assess the causes and consequences of different ISs. Methodologically, I will use a combination of unique data sources (credit register, matched employer-employee data, firm input-output relationships), quasi-experimental design (changes in the banking regulation, executives mortality shocks in local labor markets) as well as structural techniques (selection models and Bayesian learning models) to address the fundamental identification issues that plague the literature. I also plan a major data collection effort in four European countries to study succession in family firms.

The project will pursue four specific objectives in four deeply integrated work packages: a) The role of firm ownership and control on skill acquisition and risk taking; b) Skills supply: the effects of the education of entrepreneurs and managers; c) Industrial structure, input/outut relationships and IT adoption; d) Access to finance with asymmetric information and imperfectly competitive financial markets. The ambition is to generate a discontinuous change in our understanding of the relationship between corporate governance/finance and productivity growth. On the way, I expect to contribute to the key debate for the future of the European Union on the diverging productivity performance of European economies.
"

Régimen de financiación

ERC-ADG - Advanced Grant

Institución de acogida

LUISS LIBERA UNIVERSITA INTERNAZIONALE DEGLI STUDI SOCIALI GUIDO CARLI
Aportación neta de la UEn
€ 1 944 581,00
Dirección
VIALE POLA 12
00198 Roma
Italia

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Región
Centro (IT) Lazio Roma
Tipo de actividad
Higher or Secondary Education Establishments
Enlaces
Coste total
€ 1 944 581,00

Beneficiarios (1)