Project description DEENESFRITPL Understanding the north-south industrial divide Europe is facing an underlying productivity gap between north and south. One reason for this could be the industrial structures. The EU-funded ISEProD project will merge insights and new techniques from industrial organisation and corporate finance to assess the causes and consequences of different industrial structures. Specifically, the project will pursue four different work packages. The first concerns the role of firm ownership, control and risk taking. The second reviews skills supply and the effects of the education of entrepreneurs and managers. The third is the industrial structure, as well as input/output relationships with IT adoption. The fourth is access to finance with asymmetric information and imperfectly competitive financial markets. Show the project objective Hide the project objective Objective "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." Fields of science social sciencessociologygovernancesocial sciencessociologydemographymortalitysocial scienceseconomics and businessbusiness and managemententrepreneurshipsocial scienceseconomics and businesseconomicsproduction economicsproductivitysocial scienceseconomics and businessbusiness and managementemployment Programme(s) H2020-EU.1.1. - EXCELLENT SCIENCE - European Research Council (ERC) Main Programme Topic(s) ERC-2018-ADG - ERC Advanced Grant Call for proposal ERC-2018-ADG See other projects for this call Funding Scheme ERC-ADG - Advanced Grant Host institution LUISS LIBERA UNIVERSITA INTERNAZIONALE DEGLI STUDI SOCIALI GUIDO CARLI Net EU contribution € 1 944 581,00 Address VIALE POLA 12 00198 Roma Italy See on map Region Centro (IT) Lazio Roma Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 1 944 581,00 Beneficiaries (1) Sort alphabetically Sort by Net EU contribution Expand all Collapse all LUISS LIBERA UNIVERSITA INTERNAZIONALE DEGLI STUDI SOCIALI GUIDO CARLI Italy Net EU contribution € 1 944 581,00 Address VIALE POLA 12 00198 Roma See on map Region Centro (IT) Lazio Roma Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 1 944 581,00