This Data Documentation presents the second version of the Global Energy System Model (GENeSYSMOD), an open-source energy system modeling framework. The model endogenously determines costoptimal investment paths into conventional and renewable energy generation, different storage technologies, and some infrastructure investments in five-year steps until 2050. GENeSYS-MOD hereby focuses on the coupling ...
This paper investigates the link between corporate debt and investment for a group of five peripheral euro area countries. Using firm-level data from 2005 to 2014, we postulate a non-linear corporate leverage-investment relationship and derivethresholds beyond which leverage has a negative and significant impact on investment. The investment sensitivity of debt increased after 2008 when financial distress ...
While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding “access to finance”, financial infrastructure and financial literacy are mainly substitutes. However, regarding ...
Private businesses’ nominal value added in Greece has fallen by 38 percent over the last ten years. Micro firms were hit particularly hard. Despite efforts to stabilize the macroeconomic environment, there are only weak signs of recovery. Future prospects are not much better, as—with the exception of labor market regulations—the conditions for investments and business activities have not been sufficiently ...
Die Auswertung neu verfügbarer Daten zeigt, dass die Wertschöpfung griechischer Privatunternehmen in den letzten zehn Jahren nominal um 38 Prozent eingebrochen ist. Besonders stark traf es dabei Kleinstunternehmen. Trotz aller Bemühungen, das makroökonomische Umfeld zu stabilisieren, hat zuletzt nur eine leichte und noch kraftlose Erholung eingesetzt. Auch in naher Zukunft ist kein dynamisches Wirtschaftswachstum ...
Zehn Jahre nach Ausbruch der weltweiten Finanz- und Wirtschaftskrise, die ihren Ursprung auf dem US-amerikanischen Immobilienmarkt hatte, steigen angesichts weltweit zunehmender Preise für Wohneigentum die Sorgen vor neuen Immobilienpreisblasen. Dieser Wochenbericht zeigt auf Basis von OECD-Daten für 20 Länder, dass die Sorge nicht unberechtigt ist: In acht Ländern – darunter beispielsweise das Vereinigte ...
NS-War Economy 1933-1945 and Abstract: The Emergence of the Planned Economy in East-Germany 1945-1949/50 The major part deals with economic statistics as an instrument for warfare and war preparation. Firstly, the involvement of German Statistical Office (Statistisches Reichsamt) is described and analyzed: as soon as in 1934, plans emerged in the Office to conduct periodical industrial censuses as ...
