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2 results

  • 10 - Conclusions

  • Carlo Altomonte, Università Commerciale Luigi Bocconi, Milan, Filippo di Mauro
  • Book:
    The Economics of Firm Productivity
    Published online:
    14 April 2022
    Print publication:
    21 April 2022, pp 199-206

  • Summary

    Using “average" indicators is simply misleading in most occasions, and firm-level analysis allows a much more targeted set of policies. Firm-level analysis is an essential tool to complement and integrate the macro assessment and related policy response across the whole range of productivity drivers – from labour to trade, from finance to competition. The great advantage of the CompNet dataset is that is built in such a fashion to be able to be used – as it is and directly – to derive at the very least a first set of granular stylised facts to inform policy considerations. Users can use the dataset to assess competitiveness, financial constraints and sensitivity to exchange rate fluctuations. The book has also presented a wide variety of applications of firm-level-based analysis which goes over and above the mere presentation of stylised facts and joint distributions coming directly out of the dataset, including zombie firms impacts, export and participation in global value chains and concentration and market power.

The Economics of Firm Productivity
  • Concepts, Tools and Evidence
  • Carlo Altomonte, Filippo di Mauro
  • Published online:
    14 April 2022
    Print publication:
    21 April 2022
  • Productivity varies widely between industries and countries, but even more so across individual firms within the same sectors. The challenge for governments is to strike the right balance between policies designed to increase overall productivity and policies designed to promote the reallocation of resources towards firms that could use them more effectively. The aim of this book is to provide the empirical evidence necessary in order to strike this policy balance. The authors do so by using a micro-aggregated dataset for 20 EU economies produced by CompNet, the Competitiveness Research Network, established some 10 years ago among major European institutions and a number of EU productivity boards, National Central Banks, National Statistical institutes, as well as academic Institutions. They call for pan-EU initiatives involving statistical offices and scholars to achieve a truly complete EU market for firm-level information on which to build solidly founded economic policies.