As part of the evaluation process of the current State aid rules, the European Commission has awarded to the consortium of Lear, DIW Berlin, and Sheppard Mullin, a specific contract to carry out a study of the EU rules for State aid facilitating access to finance for Small and Medium Enterprises (SMEs). These rules comprise the Guidelines on State aid to promote risk finance investments (RFG) and...
This paper examines whether the Big Three credit rating agencies actually played as active a role in the Euro Crisis as previously asserted. On the basis of panel data methods for a set of 11 EMU countries, the analysis reveals significant evidence for an arbitrary markup on the GIPS group of countries across agencies. This markup, which ranges from 1.5 notches for Moody’s to 2.2 notches for S&P, suggests ...
DIW Berlin has examined the effects of investment in research and development on economic growth in Germany and other OECD countries. Their results show that an increase of one percentage point in research and development spending in the economy as a whole leads to a short-term average increase in GDP growth of approximately 0.05 to 0.15 percentage points. The coefficient for Germany is at the upper ...
Das DIW Berlin hat die Wachstumswirkungen von Investitionen in Forschung und Entwicklung in Deutschland und weiteren OECD-Ländern untersucht. Demnach führt ein Anstieg des Wachstums der gesamtwirtschaftlichen Forschungsausgaben um einen Prozentpunkt kurzfristig zu einer Erhöhung des Wachstums des Bruttoinlandsprodukts um durchschnittlich etwa 0,05 bis 0,15 Prozentpunkte. Der Koeffizient für Deutschland ...
Research shows that total factor productivity (TFP) growth is weak in European countries. This is inter alia attributed to the fact that substantial TFP growth is limited to a few industries. Because TFP growth is typically understood as technological progress, it is concluded that technology diffusion between sectors in Europe is hampered. We use EU KLEMS data sets to decompose sectoral TFP for nine ...