Lowering carbon intensity in manufacturing is necessary to transform current production technologies. We test if local agents’ preferences, revealed by vote shares for the Green party during local elections in Germany, relate to the carbon intensity of investments in production technologies....

This study investigates the influence of macroprudential policies (MaPs) on corporate investment, employing firm-bank level microdata from the European Investment Bank Investment Survey (EIBIS) for the period 2015-2022. We initially document that MaP tightening, particularly through supply-based...

This paper examines the effect of green investments on market power. I measure the market power as markup following the method provided in De Loecker and Warzynski (2012). For green investments, I consider specifically the investments of firms in energy efficient technologies, both as the binary...

In seeking to reach upper middle-income status by 2030 and high-income status by 2045, Vietnam aspires to become a modern and industrialized nation with a higher quality of life for its citizens. After this brief introduction, the following section provides a background on the trends in the...

Renewable energy production plays a crucial role in the energy transition. However, many renewable energy sources (RES) are intermittent, and there is often a mismatch between energy production and consumption, which can be partially solved by storage. In this paper, we investigate the...

The green transition of the EU economy will require substantial investment to 2030 and beyond. Estimates of green investment needs vary between institutions and are surrounded by high uncertainty, but they all point to a requirement for faster and more ambitious action. Green investment will...

The paper assesses the change in direction of economic policy in Brazil during the period from 2015 to 2022 towards fiscal austerity and neoliberal reforms, allegedly with the purpose of opening space for an acceleration of growth led by private investment and net exports, through reduction in...

The special topic analyses the results of the questions on investment included in the October-November surveys for the manufacturing and services sectors, enquiring about business investment in 2024, as well as plans for 2025. On aggregate in the EU, managers' assessment of the change in...

The transition to a low-carbon economy requires significant investments in green technologies and infrastructure. Despite growing demand for sustainable finance, investment barriers persist, hindering the flow of capital towards environmentally sustainable projects. Building on a literature...

The aim of this project is to identify the investment requirements for energy infrastructure across each TEN-E infrastructure category, as well as for non-TEN-E electricity transmission and distribution infrastructure, in order to enable a decarbonised economy in the EU. It also evaluates the...

We analyze how the expiration of a regional bonus depreciation regime in eastern Germany (Development Area Law, DAL) affected real investments and asset structures of establishments in the manufacturing sector. Our rich administrative data allow us not only to identify the aggregate effect, but...

We use narrative monetary policy shocks and local projections to estimate the impact of monetary policy on consumption and investment. We use granular data to investigate how the response varies across consumption categories, investment types, and sectors. Our findings indicate that both...

How does rational inattention interact with financial frictions? I provide new empirical evidence from survey data suggesting that this interaction likely plays a critical role in understanding macroeconomic dynamics. In a simple model, I demonstrate that financially constrained firms tend to be...

This paper examines the effect of macroprudential policies on private domestic investment using a panel of 87 developing countries from 2000 to 2017. Our instrumental variables strategy exploits the geographic diffusion of macroprudential policies across countries, with the idea that reforms in...

Mit der Neuordnung der internationalen Lieferketten hat Mexiko als Standort für neue Auslandsinvestitionen an Bedeutung gewonnen. Das Land konnte vom Nearshoring profitieren, das heißt von der Verlagerung von Dienstleistungen oder Produktionsprozessen in die Nähe der Konsumentenmärkte. Damit...

Purpose - The literature on financing constraints in emerging markets is still under-researched and is often described as a "black box." This study aims to shed light on this underexplored area for emerging economies. Specifically, it attempts to understand the phenomenon of financing...

The WTO Investment Facilitation for Development Agreement (IFDA) offers significant development perspectives by speeding up and streamlining administrative procedures and reducing transaction costs. Domestic regulatory reforms, combined with comprehensive special-and-differential treatment as...

This paper provides an overview of the various financial resources that existed in medieval Tirol to meet financial needs, using notary registers and court records from the 14 th century as sources. These provide ample evidence of an active capital and land market in rural areas, which offered...

This paper explores the effect of road rehabilitation on violent conflict using a novel, rich dataset of road rehabilitation projects in the Democratic Republic of Congo. The country received massive external investments in transport infrastructure rehabilitation under conditions of endemic...

In spring 2024, the World Bank Group and the African Development Bank launched an ambitious effort to connect 300 million people in Africa with electricity access by 2030. The subsequent M300 Africa Energy Summit held in January in Dar es Salaam, Tanzania, was a landmark gathering focused on...

In this article, we evaluate the relationship between quality investing combined with Economic Moat, ESG (Environmental, Social and Governance) and analyst opinions over the period 2014-2020 based on a data set comprising 803 US stocks. Performance is evaluated using several metrics (returns and...