China’s economic and political development under the third term of Xi Jinping’s leadership presents both opportunities and challenges, viewed by India’s Prime Minister Narendra Modi. While there are potential rooms for cooperation and diplomatic engagement between India and China, there...

Das ZEW Mannheim hat in Kooperation mit der Süddeutschen Zeitung die finanziellen Auswirkungen von Reformvorschlägen der Parteien zur Bundestagswahl 2025 untersucht. Diese betreffen die Einkommensteuer und den Solidaritätszuschlag, die Vermögensteuer, das Bürgergeld, den Mindestlohn und...

China's gross domestic product (GDP) growth has moderated since the second quarter of 2024, owing to subdued domestic demand. The government has responded to the domestic demand slowdown with incremental policy stimulus, balancing short-term growth support with longer term de-risking objectives....

Argentina has been characterised for a long time by inflation, recession, poverty and failed reforms. We analyse the reforms of Javier Milei with the help of the Austrian School of Economics, German ordoliberalism and the theory of financial repression. It is shown that Milei’s reforms have...

Does social media or offline social cohesion overcome collective action problems more effectively when both types of networks are prevalent? We investigate non-violent protests against a place-based economic reform in Austria - a country where one in two citizens uses Facebook but also one in...

Waste management is a challenging sector to govern. The sector involves the day-to-day delivery of services that are vital to protecting public health and the environment. Regular and reliable waste management services underpin quality of life in municipalities, and contributes to Armenia's...

Adequate budgeting of the judiciary is critical for the effective delivery of justice. This brief presents trends in judicial budgets. Courts account for less than 2 percent of total government expenditure on average, with significant portions dedicated to fixed costs such as salaries, thereby...

This note explores the use of technology to enhance the efficiency, transparency, and accessibility of judicial service delivery. It examines how technological solutions can support streamlining internal court processes, facilitate access for court users, and support the quality of judicial...

Small claims courts and procedures play an important role in enhancing the efficiency and accessibility of the justice system. When well-designed, they can significantly streamline judicial processes, reduce the burden on courts, and increase access to justice for individuals and small...

This paper surveys tools to analyse the macroeconomic impact of structural reforms, with a focus on two general approaches: (i) econometric estimates, linking indicators of policy change to macroeconomic outcomes, and (ii) structural macroeconomic models simulating the effect of reforms on...

Since the Maastricht Treaty of 1992, the European Union's economic governance framework has played a key role in promoting economic stability, growth, and employment across Europe. As this framework has evolved over time, it has become increasingly intricate, with some of its instruments failing...

Created at the beginning of the current European Commission's mandate, DG REFORM has emerged as the centrepiece of EU support for the implementation of EU policies and the further integration and convergence of the Member States within the single market. Amid a period of economic and social...

No Russian election since Soviet times has been manipulated to the extent we are seeing in the 2024 “presidential election”. The political context is dictatorial, the regime’s power grab comprehensive. The media are subject to wartime censorship, and there is not even a pretence of...

Sub-Saharan Africa needs to significantly accelerate its electricity generation. While hydropower is prominent in some countries, solar and wind power generation has lagged other world regions, even though sub-Saharan Africa has some of the most favorable conditions. A mix of domestic and...

Oman's potential nonhydrocarbon real GDP growth has trended downward since the global financial crisis, with a negative contribution from total factor productivity. This paper estimates productivity gains associated with structural reforms and identifies key binding constraints and reform...

This paper revisits the old theses of the contrasting paths to modernization between Japan and China. It develops a new analytical framework regarding the role of ideology and ideological change - Meiji Japan's decisive turn towards the West pitted against Qing China's lethargic response to...

Purpose - The modernization of China's economy is an integral part of Chinese-style modernization. According to the principle of unifying theoretical, historical and practical logic, theoretically explaining the modernization of China's economy is both a political necessity and a higher...

China's economic growth rate has shown a general downward trend since 2010, and in unadjusted figures, the difference between the economic aggregates of China and the United States widened during 2022 and 2023. Consequently, misinformation concerning China's economic trends has appeared both in...

The Gulf Cooperation Council (GCC) economies have been a bright spot in an otherwise gloomy economic landscape. Average growthin the GCC surpassed 7 percent in 2022 led by Saudi Arabia, its biggest economy, which was globally the fastest growing large economy. This growth was not just a result...

Economic activity in China has picked up in 2023, but the recovery remains fragile. Real GDP growth accelerated to 5.2 percent y/y in the first three quarters of 2023, driven by demand for services, resilient manufacturing investment, and public infrastructure stimulus. The initial phase of...

The Lao PDR is facing unprecedented macroeconomic challenges, which jeopardize hard-won development gains. Over the past two decades, the country attracted considerable foreign investment and fostered regional integration, which contributed to a long period of high economic growth. Many human...

The Chinese government has a long-standing commitment to business environment and digital government reforms. China's online government-to-business (G2B) services have enhanced public service efficiency, accessibility, and transparency, creating a more favorable business environment. This note...

This article examines a specific form of state capitalism in Egypt under President Abdel Fattah el-Sisi, characterized by the central role of the military in economic affairs. Following the events of the 2011 Egyptian Revolution, the Egyptian military not only secured its position as a key...

Werden unsere Enkel noch in ebensolchem Wohlstand aufwachsen wie unsere Kinder? Und was müssen wir heute hierfür tun? Diese Fragen stellen sich angesichts der sicherheitspolitischen Lage in Europa und der Erosion des Wirtschaftsstandorts Deutschland immer häufiger. Der Wissenschaftliche...

Purpose - This study examines the impact of China’s mixed-ownership reform on the innovation of non-state-owned acquirers, with a particular focus on the impact on firms with high financing constraints, low-quality accounting information or less tangible assets. Design/methodology/approach -...