Financial Stability
02 May 2019

CompNet - the Competitiveness Research Network

  • Venue: Central Bank of Malta, Binja Laparelli, Valletta
  • Date From: 02/05/2019 09:30:00
  • Date To: 02/05/2019 11:00:00
  • Contact Person: Dr Aaron G. Grech
  • Contact Email: [email protected]

Dr Filippo di Mauro

Central Bank of Malta Public Lecture

Dr Filippo di Mauro (Visiting Professor, National University of Singapore and Chairman of CompNet) will deliver a lecture on

CompNet - the Competitiveness Research Network

The economic literature has since long recognised that firm-level data deliver crucial information for understanding aggregate competitiveness, as aggregate performance depends strongly on firm-level decisions. Moreover, widespread heterogeneity in firms' behaviour is by now well recognised both in academic and policy circles, highlighting the limits of models based on the representative agent hypothesis (Caves 1998, Bartelsman and Doms 2000, Melitz and Redding 2014, Altomonte et al. 2011). For these reasons there is growing demand from academia and policy institutions for cross-country comparable firm data. CompNet was created in 2012 - within the European System of Central Banks - to provide such resources and to serve as a hub for economists interested in better understanding the drivers of competitiveness, which is also critical for informing the monetary policy.

A major contribution of CompNet is the creation of a unique dataset, now at its 6th edition, of micro-aggregated indicators of productivity, employment, competition and financial position of firms for some 20 EU countries. The result is a huge amount of information on the economic structure of the EU, which takes fully into account that firms are heterogeneous.

What does the dataset tell us? Among the hundreds of variables and joint distributions contained in the dataset (available upon request also to researchers external to the network), the presentation will focus on few stylised facts or applications drawing from the latest CompNet cross-country report (Lopez-Garcia et al. 2018). Although correlations obviously do not imply causation, some of these new facts can certainly stimulate curiosity for avid researchers or inspiration for policy makers.

Registration is required on [email protected]

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