Dr Filippo Di Mauro is Senior Adviser in the Research Department of the European Central Bank (ECB), and chairman of CompNet, a competitiveness research network among EU central banks. His present research includes: 1) Competitiveness assessment via firm level data; and 2) Modelling global linkages and business cycle forecast. Dr Filippo has almost 30 years of applied economic experience as economist in Central Banks (Bank of Italy (1984-1990, 1994 – 98) and European Central Bank (1998 – present)) and International Development organizations (Asian development Bank (1990-94) and IMF (1994-96)). Over the period 1998-2010 he has directed international economic analysis and forecast in the Department of Economics at the ECB. A rather wide record of publication includes academic journals such as the Journal of Applied Econometrics and Economic Policy. An economics graduate of University of Rome, Dr Filippo holds an MA and a PHD in Economics, from the University of Chicago and the American University respectively.
Synopsis: How to assess the drivers behind the competitive position of countries remains highly debatable. The presentation will introduce CompNet, a Research Network on Competitiveness among European Central Banks and a number of major international organizations. The innovation of CompNet lies in its holistic approach to competitiveness analysis encompassing the macro, firm level and cross border dimensions. The presentation will concentrate mostly on a novel set of indicators based on firm level data for 11 EU countries (to be soon expanded to 20 EU countries as well as other non-EU countries). So far, micro-based indicators include firm size, labour productivity and TFP dynamics, with a particular emphasis on the impact on productivity of the process of resource reallocation across firms operating within the same sector. There are three main stylised facts which are already emerging, with critical policy implications: There is a significant heterogeneity in the productivity of firms across sectors and within sectors; firms in both tails of the productivity distribution (that is the most and least productive firms within the sector) display different dynamics, for instance, with respect to interaction between respective sizes and labour costs; there is a positive relationship between labour productivity and size, which is highly diversified across countries and sectors All of the above has two main consequences when assessing competitiveness: The need to consider the full distribution moments, rather than simple averages, and Complement the macro analysis with detail firm level information.