Konferenzbeitrag
Institutions and Creative Destruction in CEECs: Determinants of Inefficient Use of Assets
We analyze the relationship between institutional quality and firm efficiency. Using rich data on firms in the European Union between 2005 and 2012, we show that high institutional quality lowers the share of persistently inefficiently used assets. The adverse effect of low institutional quality may be one of the narrow channels through which institutions affect income per capita in the long-run. Our approach combines institutional economics and Schumpeterian creative destruction. In addition, we observe similarities between inefficiently used assets by European firms and the phenomenon of zombie lending in Japan during the last decades.
- Language
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Englisch
- Bibliographic citation
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Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Financial frictions and the cycle ; No. B01-V2
- Classification
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Wirtschaft
Other Economic Systems: Public Economics; Financial Economics
Regulated Industries and Administrative Law
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
- Event
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Geistige Schöpfung
- (who)
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Fidrmuc, Jarko
Siddiqui, Martin
- Event
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Veröffentlichung
- (when)
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2015
- Handle
- Last update
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20.09.2024, 8:22 AM CEST
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Konferenzbeitrag
Associated
- Fidrmuc, Jarko
- Siddiqui, Martin
Time of origin
- 2015
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