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EN
This paper analyses the factors involved in out-migration of the working-age native population from Spain to European countries during and after the Great Recession (2008 – 2016), accounting for the role of spatial spillovers through a spatial panel Durbin model. Furthermore, the study provides a comparative analysis between young and adult out-migrants to explore whether they hold different motivations. The findings reveal that out-migration of natives responded mainly to labour incentives and social protection expenditure, although the presence of amenities also mattered. Furthermore, they point to the relevance of social networks of former Spanish out-migrants residing in Europe as a pull factor, being this effect higher for young than for adult out-migrants. Finally, results disclose, regardless of the age group, the existence of very remarkable spatial spillovers.
EN
We investigate the developments of output volatility and competitiveness during the recent global recession using a unique firm-level database. The database combines Slovak balance sheet and trade data with results of a qualitative questionnaire survey on the firm competitiveness. The results of our quantitative analysis show that younger, less export oriented and more productive firms with comparative advantage weathered the crisis better. In addition, we find that highly efficient leadership, professional management and strong orientation on cost reduction helped firms to recover from the crisis and reach higher than the pre-crisis level of competitiveness within a short time period since the outset of the crisis.
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