Start-ups and scale-ups often make outsized contributions to innovation and job creation. However, while entrepreneurial ecosystems in countries and regions are increasingly studied, less is known about differences by sector. What role do start-ups and scale-ups play in the development of...

The paper examines the Japanese steel industry to evaluate the role of export subsidy policies. Export subsidies can be instrumental in increasing an industry's cost competitiveness in the presence of learning by doing, a characteristic of production in the steel industry. Using a dynamic...

With functionally efficient capital markets, we expect capital to flow more to the industries with the best growth opportunities. As a result, these industries should invest more and see their assets grow more relative to industries with the worst growth opportunities. We find that industries...

The South African services sector is large and growing. This coupled with declining employment shares in manufacturing and mining (i.e. deindustrialization) suggests that South Africa is a de facto service-orientated economy. Employment patterns in services reveal a segmentation that is...

With functionally efficient capital markets, we expect capital to flow more to the industries with the best growth opportunities. As a result, these industries should invest more and see their assets grow more relative to industries with the worst growth opportunities. We find that industries...

In recent years, China's economic growth model has started to undergo a fundamental shift away from an export-led capital investment focus toward domestic consumption, productivity and higher levels of innovation. In this transition towards a more innovative, balanced and sustainable model,...

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

The impact of trade liberalization on manufacturing growth has been widely studied in the literature. What has gone unappreciated is that accelerated manufacturing growth has also been accompanied by accelerated services growth. Using firm-level data from India, we find a positive spillover from...

This paper deals with innovative activities of firms, the resulting market success as well as the interdependencies between both. In a first theoretical part, different cases of those interdependencies are investigated by the way of a simple model based on replicator dynamics. It is shown that...

Why have health care costs moderated in the last decade? Some have suggested the Great Recession alone was the cause, but health expenditure growth in the depths of the recession was nearly identical to growth prior to the recession. Nor can the Affordable Care Act (ACA) can take credit, since...

The impact of trade liberalization on manufacturing growth has been widely studied in the literature. What has gone unappreciated is that accelerated manufacturing growth has also been accompanied by accelerated services growth. Using firm-level data from India, we find a positive spillover from...

Die deutsche Telekommunikationspolitik hat in den letzten 15 Jahren vor allem durch angebotsseitige De- und Re-Regulierung viel erreicht: Drastisch sinkende Preise, zusätzliche Auswahl fur Verbraucher, abnehmende Marktkonzentrationen, innovative Dienste und neue Netze kennzeichnen heute die...

In vormals aufstrebenden Branchen wie z. B. der Solarindustrie kommt es plötzlich zu einem massiven Austritt selbst großer Marktteilnehmer. Warum? Dieser Artikel zeigt, wie mit mikroökonomischen Überlegungen argumentiert werden kann, um die Anzahl an Unternehmen in einem Markt zu bestimmen....

Why have health care costs moderated in the last decade? Some have suggested the Great Recession alone was the cause, but health expenditure growth in the depths of the recession was nearly identical to growth prior to the recession. Nor can the Affordable Care Act (ACA) can take credit, since...

We introduce the model of asset management developed in Gennaioli, Shleifer, and Vishny (2012) into a Solow-style neoclassical growth model with diminishing returns to capital. Savers rely on trusted intermediaries to manage their wealth (claims on capital stock), who can charge fees above costs...

We introduce the model of asset management developed in Gennaioli, Shleifer, and Vishny (2012) into a Solow-style neoclassical growth model with diminishing returns to capital. Savers rely on trusted intermediaries to manage their wealth (claims on capital stock), who can charge fees above costs...

Die demographische Entwicklung schreitet kontinuierlich voran und der Gesundheitsmarkt boomt. Die Frage, wie finanzierungs- und versorgungsseitig damit langfristig umzugehen ist, ist bis heute unbeantwortet. Die 4., komplett überarbeitete Auflage analysiert das deutsche Gesundheitswesen und...

Erneuerbare Energien haben als Energieträger insbesondere in den vergangenen 10 Jahren erheblich an Bedeutung gewonnen. Dafür sind vor allem zwei Faktoren verantwortlich: Zum einen das Streben nach Energiesicherheit und die Verpflichtungen zum Umwelt- bzw. Klimaschutz. Zum anderen die...

Sub-Saharan Africa ranks among the top regions in terms of growth in the number of mobile phone users. The success of mobile telephony is attributed to the opening of markets for private players and lenient regulatory policy. However, markets may be increasingly saturated and new regulations...

Die Beschäftigung in der Gesundheitswirtschaft ist für Schleswig-Holstein von herausragender Bedeutung1. In keinem Bundesland ist der Anteil der sozialversicherungspflichtig Beschäftigten in diesem Bereich so hoch. Die Branche hat sich in den letzten Jahren sehr günstig entwickelt. Zwischen...