With the advent of the digital revolution in the 1990s, productivity growth in the EU began to slip behind that in the US and other leading trading partners. This trend has undermined the comparative ability of European firms to compete and to provide rewarding jobs and a high standard of...

Cognisant of the many facets of climate change, this report looks through the lens of economics, that is, the social science that measures the economic impact of climate change and the costs and benefits of trying to mitigate it and adapt to it. From an investment perspective, issues for study...

See also comment 'Investment and growth in the time of climate change' Climate scientists mostly agree that, if current trends continue, global greenhouse-gas emissions are very likely to result in dangerous interference by mankind in the earthâ??s climate. Against this background, the world...

Combining in-house research and work by leading academics, this report assesses how the crisis has impacted investment across the non-financial sector, in small and medium-sized enterprises (SMEs), in infrastructure, and in R&D and innovation. It explains why and where investment has declined,...

Europe faces a twofold economic challenge. Post crisis, Europe still suffers from weak confidence, with would-be investors across Europe sitting on ample liquidity but afraid to invest, while deleveraging goes on in both the public and private sector. From a structural point of view Europe faces...

Die aktuelle Schuldenkrise hat abermals gezeigt, daß Abweichungen von vereinbarten Schuldendienstzahlungen und somit Schuldendienstprobleme inhärente Begleiterscheinungen internationaler Kreditbeziehungen sind. Aufbauend auf der Hypothese, daß die Existenz potentieller Schuldendienstprobleme...

Recognising and discussing the elusiveness of industrial policy as a distinct policy concept, this paper argues against what probably is the most extreme type of so-called "vertical" industrial policy, that is, support for national or European champions. It also critically reviews the rationale...

Die vorliegende Studie schließt an unsere vorangegangene Untersuchung "Bankdienstleistungen in afrikanischen Ländern südlich der Sahara - Herausforderungen und Chancen" aus dem Jahr 2013 an. Ihr Ziel ist es, über die jüngsten Entwicklungen und Trends im Bankensektor in Subsahara-Afrika zu...

The study assesses the macro-financial situation of Belarus. It analyses the Belarus financial sector, with a specific look at the banking sector. Moreover this study explores the private sector financing environment. In particular the study investigates the SMEs segment and looks at the needs...