Deliverables
Analysing in a cross country setting how centralised wage bargaining regimes impact on the extent of employment adjustments and subsequent recovery in the aftermath of the 200809 crisis
1. Update PEDRA thorough impact assessment of the strategys results will be done to evaluate and update the PEDR This will be the first update
Labour market institutions and trade shocksStudying the adjustment process of the labour market and of industrial structures following a trade shock
Policy conclusions WP2Summarising the most important policy lessons from the research undertaken related to globalisation and productivity A specific emphasis will be on the factors that affect which firms can integrate and benefit most from globalisation in general and GVCs in particular A particular focus is the role of intangibles and their interaction with the institutions in this As this WP builds strongly on survey data linked to financial data we will derive a number of conclusions on the uses and limitations of such data as well as formulate proposals on how to collect survey information on firm internationalisation and GVCs
R&D policies and productivity growthPaper on the aggregate relation between RD and productivity growth
Methodological report on the creation of the new dataNew data will be collected which will create the basis for the analysis of productivity dynamics
Analysis of the importance of intangible capital for productivity measurementExploring new methods of modelling production, taking into account the network structure of production chains as well as the increasing importance of intangible capital in the production.
Report on productivity and its development over time across European countries (and industries) using the new dataDelivery of harmonised cross country microaggregated data and experimental data products on productivity
Test cleansing effect of banking crisesTesting whether more restructuring in the banking sector during the great financial crisis led to better productivity growth after the crisis and whether rescuing weak banks caused survival of unproductive zombie firms
Tracking the real effects of asset purchase programsTesting whether relaxing banks financial constraints by the ECB Securities Market Program causally affected employment growth investment sales and productivity of small and medium sized enterprises attached to affected banks
Automation and inequality in European RegionsProviding the first estimate of the potential impact of automation measured by robot adoption on the EU labour market
Industrial structure, trade shocks and inequalityLooking at how a trade shock impacts the distribution of firms’ productivity across EU regions and, from here, the wage dispersion and thus inequality.
Import competition and firm productivityUnderstanding how firms can integrate into GVCs and what can they benefit from them. We use two approaches and datasets to investigate this question by conducting qualitative surveys, linked to financial data to measure ownership, ICT intensity and international activities in a number of countries; Using these data to investigate the factors usually identified as engine of productivity at the firm-level (size, organisation, technological capacity, access to credit), but also at the institutional macro-level (e.g. labour market regulations, education/skills availability, product market access).
Globalisation and InnovationAnalysing the effect of globalisation on RD product portfolio changes and patents
The formation of Business GroupsThe study will investigate a key institution of the global economy the business group in a context where headquarterspecific knowledge and contractual incompleteness are both important In particular the paper will build a model of business group as knowledge based hierarchies and show that are more likely to arise in a better institutional environment
Policy BriefThis document includes a brief summaryconclusion of the activity of engagement with stakeholders with focus on those WPs where a certain level of maturity of work has been reached
Macro shock and productivity slowdownPaper on the Impact of macro shocks on the productivity slowdown
Dissecting Global Value Chains: Evidence from the global automotive industryInvestigating how domesticallyowned firms can join value chains in a key industry the automotive sector Using a rich dataset on withincountry supplierbuyer links between firms linked to detailed international trade data we consider the role of different firm characteristics as well as the importance of foreign direct investment in this process
Analyse whether import competition improves allocative efficiencyUsing harmonised data for European countries CompNet data we analyse whether import competition improves allocative efficiency
Skill-biased technological change and innovation: a micro level analysisLooking at the role of skillbiased technological change in driving wage inequality from a micro perspective looking at individual workers and import and investment data for their employers to track the kind of machines acquired during the innovation process
Heterogeneous dynamics of productivity and EU GovernancePaper on the assessment of the economic governance framework
2. Update PEDRA thorough impact assessment of the strategys results will be done to evaluate and update the PEDR This will be the second update
Occupational tasks, trade shocks and labour market adjustmentsExamining the labour market effects of import competition in relation to transferability of human capital
Multi-product firms and import competitionInvestigating how firms reallocate their product mix and how efficiency changes at the firmproduct level by using firmproductlevel data and deriving conclusions about productivity measurement issues when firms are multiproduct
Analysis of the importance of ICT and ProductivityUsing a unique dataset from Statistics Denmark about IT spending for more than 3000 firms over 12 years to analyse the link between IT and productivity
Analysis of the importance of R&D and ProductivityDeveloping and appling a novel methodology to study the link between RD and productivity that jointly estimates production cost and demand functions for multiproduct firms using detailed firmproduct level dataset from Denmark
Fully-fledged PEDR for the projectA detailed PEDR, building on the draft dissemination and exploitation strategy developed in section 2.2 will be elaborated early on (Deliverable D7.1 at M4). A thorough impact assessment of the strategy’s results will be done to evaluate and update the PEDR at M16 (D7.2) and at M28 (D7.3).
Policy conclusions WP4Summarising the most important policy lessons from the research undertaken related to factor relocation with a special focus on weak dynamism of European SMEs and startups Policy suggestions will relate to the side effects of unconventional monetary policy and the forbearance in bank restructuring for the survival of zombie firms and for employment growth and productivity of new SMEs Further policy implications will be derived regarding the consequences of labour market institutions and skill shortage for firm dynamism and suggestions will be formulated on which type of foreign competition is conducive for productivity maximising factor allocation
Portfolio of MICROPROD's working papers and scientific publicationsportfolio of all MICROPRODs working papers and scientific publications published during the project
Global Value Chains localisation and firms competitiveness: Case studies on selected EU countriesAnalysis of what kind of supplier-buyer relationships are associated with large productivity premia/learning as assessed by the firm. Is it necessary that the partner is foreign owned or is it more important that it is integrated into GVCs? Second, how relationships form? In particular, what kinds of networks are used to find partners and what type of investment or innovation is necessary to form relationships with globally integrated firms? Third, what kind of innovative activities take place within these relationships? How the nature of these activities is related to the characteristics of the partners?
Analysis of the importance of globalisation and fragmentation of production (GVCs) for productivity measurementExploring new methods of modelling production taking into account the network structure of production chains as well as the increasing importance of intangible capital in the production
The role of intangibles in organisational choices in GVCsInfering the presence of intangible assets by studying whether the organisational decision of firms react to changes in the strength of intellectual property rights (IPR) protection.
Uncertainty and productivity slowdownPaper on Uncertainty and its impact on investment
Resource misallocation and external competitivenessAnalysing two main channels through which globalisation and global competition may affect productivity via affecting within firmproductivity and reallocation across firms
Productivity slowdown and lower bound of interest ratesPaper on the impact on the socalled neutral interest rate of a fall in productivity
Analysis of the importance of financial friction for productivity measurementCurrent methods will be extended and new methods will be developed to purge productivity from biases due to systematic firm heterogeneity
First Draft Handbook/guide for new measurement/data productionMICROPROD’s experimental approach with the Pilot NSIs will take the form of workshops, which we plan to hold at M3 and M9 at MTA KRTK and IWH. MICROPROD will eventually scale up to further NSIs, and in order to do so, we will be providing a Handbook (i.e. guide) for new measurement/data production.
Secular stagnation and the EU social modelPaper on policies to boost economic growth and cohesion
The formation and operation of supplier-buyer linkagesAnalysing the role of ICT in getting integrated to GVCs We look at heterogeneities across technologies and also consider the potential role of complementarities between suppliers and buyers ICT in the mechanism
Policy conclusions WP3Summarising the most important policy lessons from the research undertaken related to Innovation Digitalisation and Productivity Three main areas of policy will be addressed 1 policy that can contribute to the further development of innovation at the global frontier 2 growth policies are explored that support firmlevel innovative activities and adoption of frontier technology and 3 how these policies may interact with other social goals related to income distribution
Joint impact of product and labour market power on resource allocationUsing harmonised data for European countries CompNet data we analyse whether import competition improves allocative efficiency
Estimate the elasticity of bank credit with respect to productivityAsking whether financial constraints causally affect the real economy.
Comparing firm-level patterns of ICT adoption and R&D investment with industry and aggregate patternsUsing the new data of heterogeneous firms their investments in ICT and their RD spending as developed in WP1 Descriptive statistics and straightforward analysis will compare and contrast these microfounded indicators with the industry and aggregatelevel data as provided by the EU KLEMS project We will describe the evolution over time of ICT investments and RD patterns and compare them across countries This work will be ongoing through the duration of MICROPROD with annual updates as new data become available and will provide evidence needed in WP6
Explore relationship between ‘skill shortage' and labour allocationLinking balance sheet data with vacancy and wage data at the firm level we first ask how skill shortages impact on the efficient allocation of labour across heterogeneous firms
Policy contribution summarising the interim findings of the projectThis deliverable will ompile the policyrelevant findings from WP1 to WP5 with a focus on those activities that have reached a certain level of maturity The main underlying objective is to summarise findings ahead of the last year of the project as well as in preparation to the 1st policy conference scheduled for M29
Portfolio of MICROPROD's policy papers and policy notesa portfolio of all policy papers and notes published under the project
Policy conclusions WP5Summarising the most important policy lessons from the research undertaken related to the impact of globalisation and technological changes on inequality and formulation of policy suggestions on how to best foster adequate changes in the industrial structure ensuing a globalisation shock also in terms of product and capital market regulations A specific section will be devoted to the discussion of the policy implications stemming from the analysis of the role of technology in fostering societal inequalities also in light of the consequences of the COVID shock
Already existing infrastructure of CompNet will be used to make the data available to research and policy on yearly basis.
Data dissemination via CompNet IAlready existing infrastructure of CompNet will be used to make the data available to research and policy on yearly basis.
Data dissemination via CompNet IIIAlready existing infrastructure of CompNet will be used to make the data available to research and policy on yearly basis.
In order to manage data aspect of the project, a Data Management Plan (DMP) is scheduled for Month 6, as part of WP1, led by Prof Filippo di Mauro (IWH). It will include a robust system and agreed rules clarifying data access, validation, quality and reliability, integration, storage and protection. The DMP will be elaborated in accordance with MICROPROD’s ethical principles (see section 5 of Annex 1 - Part B for more information).
Publications
Author(s):
Claeys, Gregory; Demertzis, Maria
Published in:
Bruegel Policy Contribution, Issue 01/2021, 2021
Publisher:
Bruegel
Author(s):
Carlo Altomonte, Domenico Favoino, Monica Morlacco, Tommaso Sonno
Published in:
CEP Discussion Papers, Issue 1740, 2021, ISSN 2042-2695
Publisher:
London School of Economics and Political Science
Author(s):
Kaus, Wolfhard; Zimmermann, Markus
Published in:
IWH Discussion Papers, Issue 14/2022, 2022
Publisher:
Halle Institute for Economic Research
Author(s):
Wolfhard Kaus, Viktor Slavtchev, Markus Zimmermann
Published in:
IWH Discussion Papers, Issue 1/2020, 2020
Publisher:
Halle Institute for Economic Research (IWH)
Author(s):
Richard Bräuer, Matthias Mertens, Viktor Slavtchev,
Published in:
IWH Discussion Papers, Issue 20/2019, 2019
Publisher:
Halle Institute for Economic Research (IWH)
Author(s):
Stefano Bolatto & Alireza Naghavi & Gianmarco Ottaviano & Katja Zajc Kejzar
Published in:
CEP Discussion Papers, 2020, Page(s) dp1673
Publisher:
Centre for Economic Performance, LSE
Author(s):
Demertzis, M. and N. Viegi
Published in:
Policy Contribution, Issue 07/2021, 2021
Publisher:
Bruegel
Author(s):
Christian Abele, Agnès Bénassy-Quéré, Lionel Fontagne
Published in:
CESifo Working Papers, Issue 8891, 2021, ISSN 2364-1428
Publisher:
Munich Society for the Promotion of Economic Research - CESifo GmbH
DOI:
10.2139/ssrn.3788713
Author(s):
Massimo Anelli, Italo Colantone, Piero Stanig
Published in:
IZA Discussion Paper Series, Issue 12485, 2019, ISSN 2365-9793
Publisher:
Deutsche Post STIFTUNG
Author(s):
Gropp, Reint; Ongena, Steven; Rocholl, Jörg; Saadi, Vahid
Published in:
Economic Inquiry, Issue Vol. 60 (3), 2022, Page(s) 1186-1213, ISSN 1465-7295
Publisher:
Wiley
DOI:
10.1111/ecin.13069
Author(s):
Steffen Mueller, Georg Neuschaeffer
Published in:
Industrial Relations Journal, Issue Vol. 60, No. 4, 2021, ISSN 1468-232X
Publisher:
Wiley
DOI:
10.1111/irel.12288
Author(s):
Massimo Anelli, Italo Colantone, and Piero Stanig
Published in:
PNAS, Issue Vol.118 | No.47, 2021, ISSN 1091-6490
Publisher:
National Academy of Science
DOI:
10.1073/pnas.2111611118
Author(s):
Zimmermann, Markus
Published in:
WISTA - Wirtschaft und Statistik, Issue Vol. 72, Iss. 3, 2020, Page(s) 61-75, ISSN 1619-2907
Publisher:
Statistisches Bundesamt (Destatis)
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