The Minimum Wage Effects on Skilled Crafts Sector in Saxony-Anhalt ...
Does Machine Learning Help us Predict Banking Crises? ...
Gross domestic product
Gross domestic product Gross domestic product (GDP) includes the value of all goods and services produced in an economic area during a specific period of time. It is ...
Germany’s “Bazaar-economy” After the Financial and Economic Crisis
Klaus Voy (Ed.): Außenhandel und Globalisierung in gesamtwirtschaftlicher Sicht. Marburg: Metropolis,
Because of its huge dependence on the world markets, Germany’s economy was strongly hit by the financal and economic crisis in 2008/2009. Applying the input-output model, the paper deals with the net-impact of the export shock on value added and employment in Germany.
Benchmark Value-added Chains and Regional Clusters in R&D-intensive Industries
International Regional Science Review,
Although the phase of euphoria seems to be over, policy makers and regional agencies have maintained their interest in cluster policy. Modern cluster theory provides reasons for positive external effects that may accrue from interaction in a group of proximate enterprises operating in common and related fields. Although there has been some progress in locating clusters, in most cases only limited knowledge on the geographical extent of regional clusters has been established. In the present article, we present a hybrid approach to cluster identification. Dominant buyer–supplier relationships are derived by qualitative input–output analysis from national input–output tables, and potential regional clusters are identified by spatial scanning. This procedure is employed to identify clusters of German research and development-intensive industries. A sensitivity analysis reveals good robustness properties of the hybrid approach with respect to variations in the quantitative cluster composition.
05.01.2017 • 3/2017
Secretariat for research network CompNet gets new home at IWH
The Halle Institute for Economic Research (IWH) – Member of the Leibniz Association is pleased to announce that it will be hosting the Secretariat for the Competitiveness Research Network (CompNet), an international network of scholars and practitioners, who share interest for top-notch research and policy analysis on competitiveness and productivity.
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Mapping Potentials for Input-Output Based Innovation Flows in Industrial Clusters – An Application to Germany
Economic Systems Research,
Our paper pursues two aims: first, it presents an approach based on input–output innovation flow matrices to study intersectoral innovation flows within industrial clusters. Second, we apply this approach to the identification of structural weaknesses in East Germany relative to the western part of the country. The case of East Germany forms an interesting subject because while its convergence process after unification began promisingly in the first half of the 1990s, convergence has since slowed down. The existing gap can now be traced mainly to structural weaknesses in the East German economy, such as the absence of strong industrial cluster structures. With this in mind, we investigate whether East Germany does in fact reveal the abovementioned structural weaknesses. Does East Germany possess fewer industrial clusters? Are they less connected? Does East Germany lack specific clusters that are also important for the non-clustered part of the economy?
Direct and Indirect Effects of Economic Sanctions between the EU and Russia on Output and Employment in the German Economy
Followed by the escalation of the Ukraine conflict in 2014, the European Union and Russia introduced bilateral economic sanctions which accelerated an already existing decline of the German exports to Russia. The article focuses on the effects of the losses in exports to Russia on production and employment in Germany. The analysis makes use of an input-output approach capturing direct as well as indirect effects throughout the supply chain. The results calculated on the base of the actual Input-Output Table for Germany exhibit a cumulated loss in GDP of 0.15% due to sanctions in the years 2014 to 2016. Especially export-oriented German sectors with strong backward linkages, such as motor vehicles and machinery, are affected.
Effects of Sanctions between the EU and Russia on the German Economy
The mutual imposition of economic sanctions strengthened the slow down of German exports to Russia and exposed output as well as jobs inside the value chains to danger. The amount of potential losses is estimated by the the use of input-output-analysis.
Stress Testing and Bank Efficiency: Evidence from Europe
International Journal of Corporate Finance and Accounting,
This study examines whether and how the stress testing of European banks in 2010, 2011, and 2014 is related to their technical, allocative, and cost efficiency. Using a sample of large commercial banks operating in 20 European countries, and Data Envelopment Analysis (DEA), the authors perform comparisons between banks that were included in one of the three European stress tests and untested banks operating in the same countries. They estimate various specifications as for the inputs and outputs, cross-section and pooled estimations, and they also examine alternative samples as for the ownership of banks. In general, the authors conclude that banks included in the stress-test exercises are more efficient that their counterparties. The differences tend to be statistically significant in the case of allocative efficiency and cost efficiency, but not in the case of technical efficiency. With regards to the latter form of efficiency, the results depend upon the specification and the stress test in question.