Over the past 30 years (1990-2019), African economies have experienced remarkable improvements in real macroeconomic conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper documents and seeks to explain these changes at...

This study explores the role of non-oil institutional sectors in the economic growth of the Saudi economy during the years 1970-2020, using vector auto regression, impulse response function, and variance decomposition. The results of study support the impact of the oil and non-oil sectors...

Die Studie untersucht die technologische Leistungsfähigkeit Deutschlands im internationalen Vergleich anhand von Daten zur sektoralen Wertschöpfung sowie mittels Daten zum Handel mit Industriegütern. Sie zeigt, dass die deutsche Wirtschaft weiterhin stark auf die Produzenten hochwertiger...

Using time series data from 1945 to 2023, this paper develops stylized facts to trace the historical origins of the Philippines' narrow economic base. Econometric models are then estimated to analyze the drivers and benefits of economic diversification in the Philippines. The empirical results...

We derive closed-form solutions and sufficient statistics for inflation and GDP dynamics in multi-sector New Keynesian economies with arbitrary input-output linkages. Analytically, we decompose how production linkages (1) amplify the persistence of inflation and GDP responses to monetary and...

Kyrgyzstan economy have undergone transition from a different economic system in the 1990s until now. For stimulating a diversified long-run growth in Kyrgyzstan, the region needs to overcome spatial fragmentation by integrating the regions for economic development translating into national...

This paper presents the main findings from a small qualitative survey of the main factors associated with the creation and usage of five industrial capabilities in leading Victorian sectors. The capabilities included advanced manufacturing technologies (AMT), design, information and...

This paper examines Myanmar's economic structure and its sources of economic growth during the period of economic reformation from 2010 to 2015. The study compares the economic performance of Myanmar with that of four other ASEAN countries employing the backward linkage and deviation from...

Structural Change is seen by development economics theorists as a driver of sustained and sustainable growth. African countries that have understood this prioritize structural change policies in their national development programs in order to reduce poverty and promote employment through...

Im Auftrag des Ministeriums für Wirtschaft, Infrastruktur, Tourismus und Arbeit (MV) führt die vorliegende Studie eine umfassende Bestandsanalyse des Handwerks im Bundesland Mecklenburg-Vorpommern durch und formuliert zukunftsgerichtete Handlungsempfehlungen. Die Auswertung zielt auf die...

We derive closed-form solutions and sufficient statistics for inflation and GDP dynamics in multi-sector New Keynesian economies with arbitrary input-output linkages. Analytically, we decompose how production linkages (1) amplify the persistence of inflation and GDP responses to monetary and...

Objective: The objective of the article is the examination of factors that affect structural convergence and assessing their robustness. Research Design & Methods: Determinants of structural similarity are examined using the Bayesian model averaging with dilution prior to establishing robust...

Natural Conditions and Foundation of the Chinese Economy -- Historical Development of Chinese Economy (Before 1949) -- Economic Development and Exploration of New China (1949-1978) -- Reform and Transformation of China’s Economy (after 1978) -- Economic and Social Development in China since...

Italy has yet to recover from the economic consequences of the financial and sovereign debt crisis that began more than a decade ago. In addition to losing 1.4 million jobs across the manufacturing and construction sectors, new industries driving growth across the EU, such as knowledge-intensive...

Over the past 30 years (1990-2019), African economies have experienced remarkable improvements in real macroeconomic conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation, which deserves to be called a "Great African Moderation"....

This paper documents the development of a 2019 Social Accounting Matrix (SAM) for Kenya. A special feature of this SAM is its spatial disaggregation according to malaria epidemiological and agroecological zones. It is built using data from the Kenya National Bureau of Statistics (e.g., the...

We analyze how regional economic structures affect the impact of monetary policy on rates of inflation across 34 Indonesian provinces. The paper first applies structural factor augmented vector autoregressive model (SFAVAR) to all the 34 provinces based on monthly provincial data in order to...

Persistent energy consumption issues are ascribed to the failure of energy planners to understand the various macroeconomic factors that influence energy consumption. Therefore, we investigated the factors influencing energy consumption in six net African oil-exporting countries (AOECs) between...

We present an analytical model of a one-period financial market for one asset. All traders learn by least squares regression, and interlocking expectations drive price towards return. The explicit specification of the information processing mechanism allows the derivation of explicit expressions...

Using a continuous time, structural model of a dealer-bank, we derive fair value equations for credit risky financial products that can not be perfectly hedged, fully taking into account the impact the contracts have on the dealer-bank's earnings volatility and, consequently, their solvency and...

Bankruptcy-remote structuring, a legal strategy with potential public policy implications, is crucial both to a range of important financial transactions—including securitization, project finance, covered bonds, oil-and-gas and mineral production payments, and other forms of structured...

This paper explores the relationship between economic growth and informality and highlights the role of GDP growth and its composition in the level and evolution of informality, using country data from 1991 to 2019. The analysis reveals a weak relationship, although with important differences...

If rule of law discourages relationship-specific investments, then industries that use intermediates which require relationship-specific investments should have a disproportionately low share of output in countries where rule of law is weak. We find robust support for this prediction using data...

Dieses Arbeitspapier behandelt den aktuellen Markt von Legal-Tech-Diensten in Deutschland und die rechtlichen Entwicklungen bezüglich der dort bestehenden Law-Tech-Branche. Ziel ist es dabei, anhand einer systematischen Analyse der beteiligten Marktkräfte, die Attraktivität der...

We analyze how regional economic structures affect the impact of monetary policy on rates of inflation across 34 Indonesian provinces. The paper first applies structural factor augmented vector autoregressive model (SFAVAR) to all the 34 provinces based on monthly provincial data in order to...

We provide closed-form solutions for inflation and GDP dynamics in multi-sector New Keynesian economies with arbitrary input-output linkages. In particular, we show that a sufficient statistic for dynamics of sectoral prices is the principal square root of the Leontief matrix that is...

This article examines the impact of digital transformation on changes in the sectoral structure of Ukraine's economy, other post‑communist countries, and countries with highly developed economies. Firstly, we estimate the structural changes and differences in the sectoral model by gross...

Persistent energy consumption issues are ascribed to the failure of energy planners to understand the various macroeconomic factors that influence energy consumption. Therefore, we investigated the factors influencing energy consumption in six net African oil-exporting countries (AOECs) between...