ECOBAS Research Seminar: Tiago Tavares – ITAM (México)
ABSTRACT:
Using new census-type data and a dynamic structural model, we study the effect of credit supply on investment by manufacturing firms during the Greek depression. Real factors (profitability, uncertainty, and taxes) account for only a fraction of the substantial drop in investment observed in the data. The reduction in credit supply has significant real effects, explaining 11–32% of the investment slump. We also find that exporting firms, which reduce investment and deleverage despite their improved profitability during the crisis, face a contraction in credit supply similar to that of non-exporters, suggesting that the credit-supply shock has a significant common component.
More info about the speaker
Funcas. 'Oportunidades y desafíos de la economía española tras la pandemia'
18:30 h PRESENTATION
- Carlos Ocaña, General Director of Funcas
OPENING
- Nadia Calviño, First Deputy Prime Minister and Minister of Economic Affairs and Digital Transformation
19:00 h ROUND TABLE ON THE BOOK LABERINTOS DE LA PROSPERIDAD (The Labyrinths of Prosperity)
- Xosé Carlos Arias, Professor of Applied Economics at the University of Vigo
- Antón Costas, President of the Economic and Social Council
Moderator
- Eduardo Bandrés, Funcas and University of Zaragoza
JRC B2 Seminar. 'Using Capital income to Proxy Family Background: An application to inequality of opportunity', Hugo del Valle-Inclán (JRC-Sevilla)
The measurement of opportunity inequality has attracted increasing attention in recent years, despite the fact that its empirical application suffers from stringent data limitations. In this paper we address one of these problems: the scarcity of data on family background. We propose to use a widely available variable as alternative proxy of socioeconomic origin, instead of the traditional and sparse proxies commonly employed. This alternative proxy is capital income. Using data of 31 European countries we first successfully test the accuracy of our approach, and then we apply it to obtain many new inequality of opportunity estimates. These results are useful for the measurement of inequality of opportunity, but also in other areas of research where we want to account for family background.
Doctoral Seminar: Rolando Miguel Melo Vaz (University of Vigo)
The purpose of the seminar is twofold. First, we review, in a unified and critical way, those factors and strategies that promote and explain the growth of firms put forward by the empirical literature. Second, we present two empirical research that studies the impact of a number of factors for firms' growth (age, size, financial funding and location) in two strategic sectors for the Portuguese economy: Portuguese Footwear Industry and Portuguese Textile and Clothing Industry.
The doctoral seminars are given by Junior Researchers who obtained their doctoral degree less than two years ago or by predoctoral researchers who are currently developing their thesis project.
IC2 Group Seminar: Klaus Gierhake ‘Public space and social innovation. The case of Quito (ECUADOR)‘
PhD Dissertation: Are International Rankings good predictors of Economic Growth?
Presential PhD Viva
DAY: Luns, September 20
Documentación asociada:
ECOSOT Group Seminar: Juan D. Moreno-Ternero - Universidad Pablo de Olavide (Seville)
Documentación asociada:
