Conference Intro Halle 21 June 2018 copy · Enjoy the conference! Title: Conference_Intro Halle 21 June 2018 copy Created Date: 6/28/2018 10:06:53 PM

Filippo di MauroChairman of CompNet

7th CompNet Annual Conference

Halle, 20 – 22 June 2018

Introductory remarks

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www.ecb.europa.eu ©

Steering Committee

2

Meet the CompNet Team

Eric Bartelsman Mihnea Constantinescu Ralph De Haas Filippo Di Mauro Ettore Dorrucci

Paloma Lopez Garcia

Reint GroppEric Mamer

Mary TovsakPleterski

Debora Revoltella Martin Suster

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Advisory Board

3


Ufuk AkcigitCarlo Altomonte

Eric BartelsmanMarco Buti

Vitor Constancio

Jan De LoekerWilliam Maloney

Marc MelitzGianmarcoOttaviano Sergei Guriev

Chad Syverson

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Executive Commitee

4


Steffen MullerFilippo Di Mauro Ettore Dorrucci

Richard Brauer Matthias Mertens Roberta Serafini Viktor Slavtchev

Research Team

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Secretariat

5


Marco Christophori

Peter HaugDaniele Aglio

Matteo Sartori Vera SchrammDimitri

Trofimenkov Jan Paul Van De Kerke

Alessandro Zona Mattioli

Tim GebauerFabian Marder

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• Enlargement of the Network:– More statistical offices are now data providers (lately, INSEE (France), Swiss

Statistical institute and possibly ONS (UK))– We will launch a campaign to get more institutions supporting us, using our

data and sharing our passion for productivity research

• Improvement of the codes

• Active in research …– over 40 ongoing research projects based on CompNet data

– 7 Working Papers since 2016– 22 refereed journal articles from members of the CompNet network

• … and in policy– European Commission: Country Report Spain 2018– EBRD: Transition Report 2017/18, chapter 2– Articles in the ECB Economic Bulletin and in VOXEU.org

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Latest achievements

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• Time period:Ø 1999 – 2015 (added 2 years)

• Data coverage:Ø (up to) 78% in firmsØ (up to) 99% in employees

• Geographical coverage:Ø 19 EU countries

• Data collection:Ø Richer set of variablesØ More efficient codes

• Data will be available:Ø on line for CompNet membersØ upon request for others

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The 6th wave of the CompNet database

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Stylizedfacts:1)Distressedfirmsandinvestments

Sectorinvestmentandshareofdistressedfirms(medianinvestmentofthe2-digitindustryandshareofdistressedfirms)

Source: 6th vintage of CompNet, full sample.Notes: Firms with interest payments higher than operating profits for 3 consecutive years, conditional on positive profits. Countries included: BE, CZ, FI,HU, IT, LT, PT,RO, SP, SE. Binscatter controlling for country FE.

Sectors with ahigher share ofdistressed firmsshow significantlylower investmentration and jobcreation rates

Dodistressedfirmshaveasizeableeconomicimpact?

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Stylizedfacts:2)Regionalcompetitiveness

ULCgrowthandpercentageofexportingfirmsacrossregions

Sources: 6th vintage of CompNet, sample of firms with at least 20 employeesNotes: countries included are Czech Republic (CZ), Italy (IT), Slovakia (SK), Finland (FI) with 38 NUTS2 regions; 2005-2015.

Aremoreinternationallyexposedregionsmorecompetitive?

.4.5

.6.7

.8.9

ULC

NUTS

2 m

edian

.1 .2 .3 .4Percentage exporting firms NUTS2

CZ

.55

.6.6

5.7

.75

.8UL

C NU

TS2

med

ian

.1 .2 .3 .4 .5Percentage exporting firms NUTS2

SK.7

.8.9

1UL

C NU

TS2

med

ian

.1 .2 .3 .4 .5Percentage exporting firms NUTS2

IT

.7.8

.91

1.1

ULC

NUTS

2 m

edian

.1 .2 .3 .4Percentage exporting firms NUTS2

FI

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è see the dedicated Poster Session

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www.ecb.europa.eu © 10

1. CompNet is now getting the fruits of couple of years ofconsolidation and reorganisation

2. We are getting out with a dataset which is top standard:ü A detailed Comparability Report, written by a dedicated working

group chaired by Prof. Melitz, confirms the quality of the 6th

vintage of our dataset (see the dedicated Poster Session)ü We are in an unique position in Europe in these terms, as we put

together data providers who are fully committed to generate abetter common good

3. We want now to foster the use of the data set for research andpolicy. We will use these two days to network and examinetogether opportunities for that

4. Training on productivity research and data management willkeep being a priority

Conclusions

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We thank the

Institut für Wirtschaftsforschung Halle (IWH)

for the wonderful welcome

Enjoy the conference!

Documents

Conference Intro Halle 21 June 2018 copy · Enjoy the conference! Title: Conference_Intro Halle 21 June 2018 copy Created Date: 6/28/2018 10:06:53 PM