Miguel Manjon-Antolin

• Professor (Associate) at Universitat Rovira i Virgili

Local governments engaged in smart city initiatives must decide which factors or dimensions (environment, governance, etc.) to target to make their territories “smart.” Wrong choices may waste resources and jeopardize the goals behind these initiatives, but there is little evidence to guide this decision. In this article, we propose the use of a re...

A collaborative ecosystem of diverse stakeholders is seen as critical in smart cities for solving complex public problems and overcoming socio-technical hurdles. However, little is known about the factors that may increase collaboration amongst smart city stakeholders. Through a digital government lens, we first elaborate the nature of multi-stakeh...

This paper investigates the relationship between the implementation of smart city initiatives and the number of new firms, paying special attention to the rates of green and digital entrepreneurship as smart cities tend to follow sustainable and/or digital orientations. We find evidence of a positive (causal) relation between smart city initiatives...

Urban areas all over the world are looking to become Smart Sustainable Cities (SSCs), i.e. sustainable urban environments that extensively use ICT and related technologies. However, little is known about the effectiveness of SSC initiatives in terms of sustainable outcomes and/or the factors driving such initiatives. This paper provides empirical e...

Individual-specific effects and their spatial spillovers are not generally identified in linear panel data models. In this paper we present identification conditions under the assumption that covariates are correlated with the individual-specific effects and derive appropriate GLS and IV estimators for the resulting correlated random effects spatia...

We present a new e-class command, acfest, that implements the method of Ackerberg, Caves, and Frazer (2015, Econometrica 83: 2411-2451) to estimate production functions. This method deals with the functional dependence problems that may arise in the methods proposed by Olley and Pakes (1996, Econometrica 64: 1263-1297) and, particularly, Levinsohn...

We analyse the determinants of exit in a developing country using Argentina as an illustrative case. We focus on regional determinants but estimate panel count data models for firms of different size, thus indirectly controlling for a major firm-level determinant. We find that most of the determinants used in previous studies analysing developed co...

This paper analyses whether undertaking R&D activities allows SMEs to attenuate the negative impact of recessions on productivity. In contrast to other studies we use a firm level indicator of the cycle based on firms’ own perceptions, while total factor productivity is obtained using a control function methodology in which we recognise the potenti...

This paper analyses the regional determinants of exit in developing countries, using Argentina as an illustrative case. We find evidence of a dynamic revolving door by which past entrants increase current exits, particularly in the peripheral regions. In the central regions, current and past incumbents cause an analogous displacement effect. Also,...

In this article, we discuss the implementation of Andrews's (1988a, Journal of Econometrics 37: 135-156; 1988b, Econometrica 56: 1419-1453) chisquared goodness-of-fit test as a postestimation command. The new command chi2gof reports the test statistic, its degrees of freedom, and its p-value. chi2gof can be used after the poisson, nbreg, zip, and z...

This paper analyses the determinants of employment and unemployment spells in an urban area. Using data from a random sample of labour force participants in Barcelona, we find that individual, firm, regulatory and macroeconomic factors all affect urban (un)employment duration to a certain degree. Also, national and urban (un)employment exhibits the...

We analyse the determinants of firm entry in developing countries using Argentina as an illustrative case. Our main finding is that although most of the regional determinants used in previous studies analysing developed countries are also relevant here, there is a need for additional explanatory variables that proxy for the specificities of develop...

Research and development (R&D) activities are an important source of productivity gains and ultimately a source of economic growth. However these productivity gains may arise not only from the R&D activities performed by the firm but also from those performed by other firms. This is the case of the R&D spillovers from foreign-owned to domestically-...

This article analyses whether the productivity gains associated with Learning-by-Exporting (LBE) (controlling for self-selection) depend on the intensity of the firm's exporting activity. The results from a representative sample of Spanish manufacturing firms indicate that the yearly average gains in productivity are larger for those firms that inc...

This paper considers the estimation of the geographical scope of industrial location determinants. While previous studies impose strong assumptions on the weighting scheme of the spatial neighbour matrix, we propose a flexible parametrisation that allows for different (distance-based) definitions of neighbourhood and different weights to the neighb...

Empirical studies on the determinants of industrial location typically use variables measured at the available administrative level (municipalities, counties, etc.). However, this amounts to assuming that the effects these determinants may have on the location process do not extent beyond the geographical limits of the selected site. We address the...

This paper empirically examines to what extent being foreign and part of a multinational affects the endogenous relation between R&D and productivity. Our findings indicate that multinationals obtain in general higher R&D returns. Also, there is a negative foreignness effect in that domestic-owned multinationals outperform foreign subsidiaries. How...

Self-selection and learning-by-exporting are the main explanations for the higher productivity of exporting firms. But, whereas evidence on self-selection is largely undisputed, results on learning-by-exporting are mixed and far from conclusive. However, recent research (De Loecker, 2010) has shown that the conclusions from previous learning-by-exp...

(Very preliminary version)

Much of the research on industry dynamics focuses on the interdependence between the sectorial rates of entry and exit. This paper argues that the size of firms and the reaction-adjustment period are important conditions missed in this literature. I illustrate the effects of this omission using data from the Spanish manufacturing industries between...

En este estudio se analiza en qué medida el carácter multinacional de las empresas (definido en términos de su participación accionarial) influye en la relación endógena entre investigación y desarrollo (I+D) y productividad. En particular, la contribución de la I+D a la productividad es analizada para un panel representativo de empresas ex...

In this study, we analyze multinationality (domestic-based firms versus multinationals) and foreignness (foreign versus domestic firms) effects in the returns of R&D to productivity. We follow a two-step strategy. In the first step, we consistently estimate firm's productivity by GMM and numerically compute the sample distribution of the R&D return...

This paper surveys recent evidence on the determinants of (national and/or foreign) industrial location. We find that the basic analytical framework has remained essentially unaltered since the early contributions of the early 1980’s while, in contrast, there have been significant advances in the quality of the data and, to a lesser extent, the eco...

R&D investment is an important driver of productivity gains. However, firms differ in their ability to appropriate the returns to their R&D efforts. This paper analyses to what extent firm�s internationalisation influences the endogenous relation between R&D and productivity. In particular, we assess the contribution of R&D to productivity for a pa...

R&D investment is an important driver of productivity gains. However, firms differ in their ability to appropiate the returns to their R&D efforts. This paper analyses to what extent firm's internationalization influences the endogenous relation between R&D and productivity. In particular, we assess the contribution of R&D to productivity for a pan...

This paper surveys the Industrial Organization literature on firm survival. We find that, in retrospect, the econometric specifications used in this area have progressively become more sophisticated, addressing issues such as discrete time, unobserved heterogeneity and competing risks. We also identify a number of firm- and industry-specific covari...

This paper analyses whether the German corporate governance is converging towards Anglo-American practices. We summarise the extant empirical evidence on the various governance mechanisms that economic theory suggests ensure efficiency and describe recent legal developments. We find no clear signs of convergence in form, i.e. the main distinctive f...

One of the critical determinants of firm performance in corporate governance investigations is the degree of control exercised by large shareholders. This article empirically assesses the use of ultimate-owner ship shares and solutions of voting games (i.e. power indices) as alternative proxies for this control.

In this paper, we empirically assess the importance of regional and sector-specific determinants of industry dynamics. To this aim we test three hypotheses (originally proposed by Shapiro and Khemani (1987, Int J Indust Organ 5:15–26)) for the relationship between the entry and exit of firms: independence, symmetry and simultaneity. Estimates from...

This paper analyses the determinants of industrial location processes distinguishing between the location of new establishments and the relocation of extant establishments. Using data from the Catalan Industrial Establishments Register covering 946 municipalities over the period 2001-2004 we find that institutional characteristics, such as e.g. bei...

Much of the research on industry dynamics focuses on the interdependence between the sectorial rates of entry and exit. This paper argues that the size of firms and the reaction-adjustment period are important conditions missed in this literature. I illustrate the effects of this omission using data from the Spanish manufacturing industries between...

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En este trabajo se analiza una vía alternativa en el debate de la convergencia regional en España: el estudio de la dinámica industrial de sus Comunidades Autónomas. Para ello se analizan los flujos de entrada y salida de establecimientos industriales en las manufacturas delas regiones españolas y se abordan los factores de carácter sectorial o reg...

This paper provides an overview of the German corporate governance system. We review the governance role of large shareholders, creditors, the product market and the supervisory board. We also discuss the importance of mergers and acquisitions, the market in block trades, and the lack of a hostile takeover market. Given that Germany is often referr...

This paper assesses empirically the importance of size discrimination and disaggregate data for deciding where to locate a start-up concern. We compare three econometric specifications using Catalan data: a multinomial logit with 4 and 41 alternatives (provinces and comarques, respectively) in which firm size is the main covariate; a conditional lo...

This paper concerns the identification, estimation, and selection of some of the linear econometric models that are widely used in corporate governance. I discuss how exclusion restrictions derived from the characteristics of the governance system may help to identify the models, explore alternative approaches for consistently estimating the parame...

Much of the research on industry dynamics focuses on the interdependence between the sectorial rates of entry and exit. This paper argues that the size of firms and the reaction-adjustment period are important conditions missed in this literature. I illustrate the effects of this omission using data from the Spanish manufacturing industries between...

This paper assesses empirically the importance of size discrimination and disaggregate data for deciding where to locate a start-up concern. We compare three econometric specifications using Catalan data: a multinomial logit with 4 and 41 alternatives (provinces and comarques, respectively) in which firm size is the main covariate; a conditional lo...

This paper analyses the risk-control trade-off in corporate ownership. It presents a simple model in which large shareholders decide their share depending on their risk aversion, risk-neutral effects attached to firm size, and the effectiveness of different (external and internal) mechanisms for controlling managers' behaviour. Two institutional se...

This paper provides an overview of the German corporate governance system. We review the governance role of large shareholders, creditors, the product market and the supervisory board. We also discuss the importance of mergers and acquisitions, the market in block trades, and the lack of a hostile takeover market. Given that Germany is often referr...

The definition and implementation of control is at the heart of the corporate governance debate. The paper approaches the issue by using power indices derived from the theory of cooperative games. An application to Spanish listed firms shows that incentives for large shareholders to form controlling blocs are high. In the Spanish system of corporat...

This paper describes the governance system of Spanish listed firms in the early 1990's. Although the institutional setting of the Spanish Stock Exchanges differs little from other European national markets, we found important differences in several aspects of corporate governance. In particular, some of the standard mechanisms of control (e.g. boar...