Behaviour
The maths behind gut decisions First carefully weigh up the costs and benefits and then make a rational...
See page
Globalisation, Productivity Growth, and Labour Compensation
Christian Dreger, Marius Fourné, Oliver Holtemöller
IWH Discussion Papers,
No. 7,
2022
Abstract
Since the onset of globalisation, production activities have become increasingly fragmented and organised in global value chains (GVC). These networks facilitate trade in intermediaries across industrial sectors and countries and change the conditions for policies to respond to shocks. In this paper, we contribute to the understanding of the effects of GVC on productivity and labour shares in advanced and emerging economies. As indicators for globalisation we use the foreign share in intermediate inputs and the foreign share in value added, extracted from international input output tables. Estimates based on local projections reveal a positive relationship between globalisation and productivity. Moreover, we are able to reject the hypothesis that a higher degree of international integration in country-industry pairs is negatively associated with the change in the labour share for advanced countries.
Read article
Centre for Evidence-based Policy Advice
Centre for Evidence-based Policy Advice (IWH-CEP) ...
See page
Without Russian Gas, a Sharp Recession Looms in Germany
Martin Gornig, Oliver Holtemöller, Stefan Kooths, Torsten Schmidt, Timo Wollmershäuser
Wirtschaftsdienst,
No. 5,
2022
Abstract
The German economy is steering through difficult waters. Tail winds from fading pandemic restrictions, supply-side bottlenecks in the aftermath of the coronavirus crisis, and shock waves caused by the war in Ukraine are dragging the economy in opposing directions. The common factor is the price-driving effect. Abruptly stopping gas deliveries from Russia to the European Union would drive the German economy into a deep recession. In this case, the accumulated loss of overall economic output would amount to 220 billion euro by the end of 2023.
Read article
Transformation tables for administrative borders in Germany
Transformation tables for administrative borders in Germany The state has the ability...
See page
Archive
Media Response Archive ...
See page
Macro Data Download
Macro Data Download On this page, you will find long time series of macroeconomic...
See page
Financial Stability
Financial Systems: The Anatomy of the Market Economy How the financial system is...
See page
Reports of the European Forecasting Network (EFN)
Reports of the European Forecasting Network (EFN) The European Forecasting...
See page
