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Filippo di MauroChairman of CompNet
7th CompNet Annual Conference
Halle, 20 – 22 June 2018
Introductory remarks
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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
Meet the CompNet Team
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
Meet the CompNet Team
Steffen MullerFilippo Di Mauro Ettore Dorrucci
Richard Brauer Matthias Mertens Roberta Serafini Viktor Slavtchev
Research Team
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Secretariat
5
Meet the CompNet Team
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
6
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
7
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?
8
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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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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!