CORDIS - Résultats de la recherche de l’UE
CORDIS

Industrial Structure and the European Productivity Growth Divergence

Description du projet

Comprendre la fracture industrielle nord-sud

L’Europe est confrontée à un écart de productivité latent entre le nord et le sud. Cela pourrait être lié aux structures industrielles. Le projet ISEProD, financé par l’UE, intègrera des connaissances et des nouvelles techniques concernant l’organisation industrielle et le financement des entreprises afin d’évaluer les causes et les conséquences des différences de structures industrielles. Le projet s’articulera en particulier autour de quatre modules de travail. Le premier s’intéressera aux rôles de la propriété, du contrôle et de la prise de risque des entreprises. Le second examinera l’offre de compétences ainsi que les impacts de la formation des entrepreneurs et des gestionnaires. Le troisième portera sur la structure industrielle, ainsi que sur les relations entrées/sorties dans le cadre de l’adoption des technologies de l’information. Le quatrième s’intéressera à l’accès au financement avec des informations asymétriques et des marchés financiers imparfaitement concurrentiels.

Objectif

"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.
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Régime de financement

ERC-ADG - Advanced Grant

Institution d’accueil

LUISS LIBERA UNIVERSITA INTERNAZIONALE DEGLI STUDI SOCIALI GUIDO CARLI
Contribution nette de l'UE
€ 1 944 581,00
Adresse
VIALE POLA 12
00198 Roma
Italie

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Région
Centro (IT) Lazio Roma
Type d’activité
Higher or Secondary Education Establishments
Liens
Coût total
€ 1 944 581,00

Bénéficiaires (1)