| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14454 |
| 来源ID | Working Paper 14454 |
| The Euro and Firm Restructuring | |
| Matteo Bugamelli; Fabiano Schivardi; Roberta Zizza | |
| 发表日期 | 2008-10-30 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We test whether and how the adoption of the euro, narrowly defined as the end of competitive devaluations, has affected member states' productive structures, distinguishing between within and across sector reallocation. We find evidence that the euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption, productivity growth has been relatively stronger in country-sectors that once relied more on competitive devaluations to regain price competitiveness. This effect is robust to potential omitted-variable bias and correlated effects. Firm-level evidence from Italian manufacturing confirms that low-tech businesses, which arguably benefitted most from devaluations, have been restructuring more since the adoption of the euro. Restructuring has entailed a shift of business focus from production to upstream and downstream activities, such as product design, advertising, marketing and distribution, and a corresponding reduction in the share of blue collar workers. |
| 主题 | International Economics ; International Finance ; Labor Economics ; Labor Supply and Demand ; Industrial Organization ; Market Structure and Firm Performance ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w14454 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572129 |
| 推荐引用方式 GB/T 7714 | Matteo Bugamelli,Fabiano Schivardi,Roberta Zizza. The Euro and Firm Restructuring. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14454.pdf（304KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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