The notion of the output gap is crucial in understanding underlying economic trends. The macroeconomic stabilization policy can only be effective for all sectors or regions of the economy if regional or sectoral output gaps are sufficiently coherent. This study proposes a new microeconometric...

This research investigates the repercussions of the global COVID-19 pandemic on the secondary sector of Côte d'Ivoire during the period 2020-2022. Using two-stage generalized random effects (G2SLS) instrumental variable (IV) models is a statistical method used in econometrics, particularly in...

Firm ownership is a major determinant for the economic performance of firms, and emissions of pollutants are often by-products of industrial production. We investigate the impact of ownership on pollutant emissions of firms and their industrial facilities in Europe jointly with their output,...

In this work, we propose to study the impact of macroeconomic variables on stock returns. For that, we use data from five individual stock exchanges: Dow Jones and Nasdaq 100 for the USA, Nikkei 225 for Japan, FTSE 100 for England, and DAX40 for Germany and macroeconomic variables such as...

This work aims to extend previous research on how a trifactorial stochastic model, which we call CIR3, can be turned into a forecasting tool for energy time series. In particular, in this work, we intend to predict changes in the industrial production of electric and gas utilities.The model...

Investigating the impact of liquidity on industrial production is one of the challenging issues in economics. In this article, we investigate the difference in the structure of industrial production in industrialized countries and Iran as an undeveloped country by using the characteristic of...

In Q1 2022, the extractive sector showed growth due to the continued impact of the factors that emerged in 2021: growth of demand for thermal coal and natural gas from the European and Asian countries; weakening of the effect of restrictions related to the OPEC+ agreement following the increase...

Using data on Indian manufacturing firms for 1999-2019, the paper examines whether participation in global value chains (GVCs) by manufacturing firms in India raises their productivity. GVC participation by industrial firms involves exporting products along with importing intermediate inputs,...

Environmental policies are often accompanied by exemptions for energy-intensive and trade-exposed industrial firms to avoid leakage from regulated to unregulated jurisdictions. This paper investigates the impact of a large electricity tax exemption on production levels, employment, and input...

Q4 2022 saw trend component growth in the industrial production index driven by extractive industries and manufacturing of goods substituting foreign brands which left the Russian market, as well as a pickup in demand for intermediate goods for the state defense order

In Q2 2022, the industrial production volume decreased. Slow growth was observed only in the mining industry on the back of the extraction of minerals (except for fuel and energy) and industries related to the provision of services in the extractive sector. Manufacturing industries began to feel...

Recent experiences of the COVID pandemic, geo-political tension primarily inflicted by the Russia-Ukraine war, soaring fuel prices and macroeconomic policy puzzles have posed unprecedented challenges for various economies including a net oil exporting emerging economy such as Brazil. In this...

In this paper, we will try to understand what the industrial production index does and what it means as a concept. Then, we will try to explain the situation of the industrial production index in certain years and what it means for the economy and society. In the statements we will make, we will...

In January-October 2022 industrial production demonstrated sluggish growth. The main contribution was made by the food industry, textile and garment production, metallurgy, and machine-building. The growth, among other things, was due to the replacement of foreign brands with domestic products...

Firm ownership is a major determinant for the economic performance of firms, and emissions of pollutants are often by-products of industrial production. We investigate the impact of ownership on pollutant emissions of firms and their in- dustrial facilities in Europe jointly with their output,...

We estimate sectoral spillovers around the Great Moderation with the help of forecast error variance decomposition tables. Obtaining such tables in high dimensions is challenging because they are functions of the estimated vector autoregressive coefficients and the residual covariance matrix. In...

This paper uses a seasonal long-memory model to capture the behaviour of the US Industrial Production Index (IPI) over the period 1919Q1-2022Q4. This series is found to display a large value of the periodogram at the zero, long-run frequency, and to exhibit an order of integration around 1. When...

This paper discusses the experiences resulting from EU's adoption and implementation of a wide variety of policy measures in response to the COVID-19 crisis. These measures included stimulating the relocation and expansion of manufacturing to reduce vulnerability, depending on imports, ensuring...

This research study investigated the nexus between industrial output growth and foreign direct investment in Nigeria. It is a common belief that no nation is an island on its own; hence countries around the globe interchange economic activities across borders via various mutual business...