As the German economy and the EU are emerging from the COVID-19 pandemic, the focus is shifting to questions of long-term transformation. How can we transform our economies while also limiting climate change and preparing for its impact? The pandemic has accelerated digitalization of German firms and many have already invested to deal with climate change. At the same time, concerns about the...
The EU Taxonomy is the first standardised and comprehensive classification system for sustainable economic activities. It covers activities responsible for up to 80% of EU greenhouse gas emissions and may play an important role in channelling investments into low-carbon technologies by helping investors to make informed decisions. However, especially in transition sectors much depends on the stringency ...
The Corona pandemic still shapes the economic situation in Germany. A complete normalisation of contact-intensive activities is not to be expected in the short term. In addition, supply bottlenecks are hampering manufacturing for the time being. The German economy will reach normal capacity utilisation in the course of 2022. In their autumn report, the leading economic research institutes ...
How are individual and collective memories of extreme economic moments produced in a community? How do these memories translate into the political economy and shape the realm of possibility of macroeconomic policies? Why is some statistical data and economic policy represented more factual than other in the historical narration of national economies? How do some economic indicators become more...
DIW Berlin forecasting experts are lowering their forecast for 2021 from 3.2 to 2.1 percent - Supply bottlenecks and material shortages are weighing on German industry - Private consumption remains restrained - With growth of just under five percent, the German economy will pick up speed in 2022 once bottlenecks have been overcome and infection rates have fallen on a sustained basis - Inflation no ...
In their spring report, the leading economic research institutes forecast an increase in gross domestic product of 3.7 percent in the current year and 3.9 percent in 2022. The renewed shutdown is delaying the economic recovery, but as soon as the risks of infection, particularly from vaccination, have been averted, a strong recovery will begin. The economy is likely to return to normal output levels ...
The recovery from the corona virus pandemic provides a unique opportunity for transformation. But what does it take for the German and the European economy to thrive in the new, more digital, post-Covid world? How can we transform our economies while also limiting climate change and preparing for its impact? Will we manage to advance structural transformation while strengthening social cohesion? ...
This paper links banking system development to the colonial and legal history of African countries. Based on a sample of 40 African countries from 2000 to 2018, our empirical findings show a significant dependence of current financial institutions on the inherited legal origin and the colonization type. Findings also reveal that current financial legal institutions are not major determinants of banking ...
We analyse the impact of transportation infrastructure capital and its maintenance status on regionaleconomic production, exploiting panel data on the German county level (N = 401) between 2007 and2016 in a spatial translog production function. Various SLX and SDEM models are estimated usingFGLS and GMM estimators accounting for endogeneity. We find a positive impact of the transportinfrastructure ...