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Strobel, Thomas; Sauer, Stefan; Wohlrabe, Klaus - 2013

In this paper we present the Ifo Investment Database, which provides annual investment data for 12 investment assets in 50 German industries from 1991 onward. The data is consistent with national accounts statistics provided by the German Federal Statistical Office and is based on investments in...

Persistent link: https://www.econbiz.de/10010292503

Physical Capital Estimates for China's Provinces, 1952-2015 and Beyond

Holz, Carsten A.; Yue, Sun - 2017

Capital estimates are widely used in economic growth and productivity studies, for profitability considerations and … wealth accounting exercises. Yet the calculation of “capital” frequently receives only cursory attention, despite the …) calculates long-run provincial (and national) physical capital series for China, (ii) distinguishes between capital services and …

Persistent link: https://www.econbiz.de/10011657193

China's Investment Rate: Implications and Prospects

Holz, Carsten A. - 2017

it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate …

Persistent link: https://www.econbiz.de/10011698663

Public and Private Investments: A VAR Analysis of Their Impact of Economic Growth in 18 Advanced Economies

Afonso, António; Caiado, Jorge; Kanaan, Omar Al. - 2024

This paper examines the macroeconomic returns on public and private investments in 18 advanced economies from 1965 to 2019, using a Vector Autoregressive (VAR) approach. We assess whether higher investment levels drive economic growth and explore the interplay between public and private...

Persistent link: https://www.econbiz.de/10015165630

Switching-Track after the Great Recession

Vinci, Francesca; Licandro, Omar - 2021

We propose a theoretical framework to reconcile episodes of V-shaped and L-shaped recovery, encompassing the behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks destroy productive capacity, moving GDP to a lower...

Persistent link: https://www.econbiz.de/10013224093

Rescue Policies for Small Businesses in the COVID-19 Recession

Di Nola, Alessandro; Kaas, Leo; Wang, Haomin - 2022

While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...

Persistent link: https://www.econbiz.de/10013293851

Wealth-Income Ratios in Free Market Capitalism: Switzerland, 1900-2020

Baselgia, Enea; Martínez, Isabel Z. - 2022

Switzerland's capital friendly policy-making. Since the turn of the century, however, βpt has been on a rapid rise to reach 793 …% in 2020. This considerable increase is mainly driven by large capital gains, especially in housing wealth. …

Persistent link: https://www.econbiz.de/10013427762

READ-GER: Introducing German Real-Time Regional Accounts Data for Revision Analysis and Nowcasting

Lehmann, Robert - 2023

Accurate real-time macroeconomic data are essential for policy-making and economic nowcasting. In this paper, I introduce a real-time database for German regional economic accounts (READ-GER). The database contains real-time information for nine macroeconomic aggregates and the 16 German states....

Persistent link: https://www.econbiz.de/10014290225

Does U.S. Monetary Policy Respond to Macroeconomic Uncertainty?

Gomez, Thomas; Piccillo, Giulia - 2023

We find that macroeconomic uncertainty plays a significant role in U.S. monetary policy. First, we construct a measure of uncertainty as felt by policymakers at the time of making their rate-setting decisions. This measure is derived from a real-time, Bayesian estimation of a small monetary VAR...

Persistent link: https://www.econbiz.de/10014377382

The Impact of a Large-Scale Natural Disaster on Local Economic Activity: Evidence from the 2003 Bam Earthquake in Iran

Farzanegan, Mohammad Reza; Fischer, Sven - 2023

This study provides new causal evidence for the impact of a large-scale natural disaster on local economic activity in Iran using nighttime light intensity. We apply the synthetic control method (SCM) and nighttime light (NTL) data from 1992 to 2020 for 31 provinces and 429 counties to study the...

Persistent link: https://www.econbiz.de/10014377476