In recent decades, Africa has received a large share of official development assistance compared to other regions of the world. Using AidData for 2000-13, this paper examines the effects of aid to productive sectors on manufacturing growth in Africa. Econometric results show that increased...

In the literature on the firm-industry debate to explain organizational performance the firm effect has been more supported than the industry effect by empirical studies, mainly focused on manufacturing firms and long time periods. Unfortunately, little attention has been paid to the service...

This paper examines the effect of tradable services growth on non-tradable services across Indian districts. The analysis uses a shift-share "Bartik-type” instrumental variable, which relies on changes in foreign demand shocks for tradable services, weighted by the initial district employment...

Die chemische Industrie ist eine der wichtigsten Branchen der deutschen Volkswirtschaft. Sie zeichnet sich durch eine hohe Kapitalintensität aus und steht als Grundstoffproduzent für viele andere Branchen am Anfang der Wertschöpfungskette. Jeder Euro direkte Wertschöpfung, der von...

Das italienische Bankensystem ist bislang recht gut durch die Coronakrise gekommen. Dazu haben umfangreiche staatliche Hilfsmaßnahmen ebenso beigetragen wie Vorkrisenreformen mit Blick auf Altlasten aus der Euro-Schuldenkrise. Dazu zählen der Abbau notleidender Kredite und der Aufbau von...

The study estimates the impact of COVID-19 on the labour market outcomes of major industrial sectors in Toronto, the largest urban centre in Canada. Using various economic data, we classify the sectors as distressed, stable, and those requiring ongoing monitoring. Furthermore, we estimate the...

Food and beverage industry is one of the prioritized manufacturing sectors that can support Indonesia's economic recovery and structural transformation post Covid-19 pandemic. In 2021, the sector contributed 6% of Indonesia's national Gross Domestic Product and 20% of total exports to a value of...

The EIF Business Angels Survey, together with the EIF VC Survey and the EIF Private Equity Mid-Market Survey (the largest combined regular survey exercises among GPs and Business Angels on a pan-European level) provide an opportunity to retrieve unique market insights. This publication is based...

This open access book considers the development of the sharing and collaborative economy with a European focus, mapping across economic sectors, and country-specific case studies. It looks at the roles the sharing economy plays in sharing and redistribution of goods and services across the...

Real GDP and industrial production in the US feature substantial tail risk. While this fact is well documented, several questions remain unanswered. Is this asymmetry driven by a specific structural shock? No. We show that the 10th percentile of the predictive growth distributions responds about...

India seems to have followed an idiosyncratic pattern of development, certainly compared to other fast-growing Asian economies. While the emphasis on services rather than manufacturing has been widely noted, within manufacturing India has emphasized skill-intensive rather than labor-intensive...

In 2019-20, the real gross value added (GVA) of Indian manufacturing declined by about three per cent over the previous year, which is rare because a negative growth rate in manufacturing in India has not occurred in the past 20 years. The growth rate of the Indian economy in 2019-20 was about...

The shrinking of the German manufacturing sector due to the new energy crisis is currently a hotly debated topic. The aim of this article is to contribute to this emotional debate by providing evidence on recent developments in the German manufacturing sector. The analysis of relevant data...

Die wirtschaftlichen Perspektiven haben sich in Deutschland in den letzten Monaten erheblich verbessert. Die dritte Infektionswelle vom Frühjahr 2021 konnte erfolgreich zurückgedrängt werden und die Impfung der Bevölkerung macht große Fortschritte. Die Ergebnisse der IW-Konjunkturumfrage...

The coronavirus pandemic has led to a deep worldwide economic crisis. In many countries, the construction industry has been impacted. In Germany, however, construction activity is one of the economic sectors that has remained largely stable: In 2020, the total construction volume in Germany is...

This paper examines industrialization trends in developing countries. It uses the GGDC/UNU-WIDER Economic Transformation Database, which provides time series of employment and real and nominal value added annually by 12 sectors in 51 countries for the period 1990-2018. Until the early 2000s...

In a seminal paper Graetz and Michaels (2018) find that robots increase labor productivity and TFP, lower output prices and adversely affect the employment share of low-skilled labor. We show that these effects hold only, when comparing hardly-robotizing with highly-robotizing sectors and...

A growing, but still small number of companies in Germany are supplying products and services based on the blockchain technology. Most of these are start-up companies and are headquartered in Berlin. Although a lot of them are focused on providing financial services, an increasing number of...

The economic and social crisis caused by the Covid-19 pandemic in Europe and around the world is without precedent since World War II if not before. With more than 40 million known cases in Europe in one year, and over 900 000 deaths (March 2020 to March 2021), governments have stepped up their...

Egypt has considerable potential to become a regional trade hub. A key challenge is how to leverage this potential to achieve inclusive and sustainable growth that benefits the country's population at large. In alignment with Egypt's decision to expand the Upper Egypt Local Development Program...

Der Fernbusverkehr ist zu Beginn der Pandemie fast vollständig zum Erliegen gekommen und nimmt seit Ende März 2021 seinen Betrieb wieder auf. Seit seiner Liberalisierung 2013 bietet der Fernbusverkehr nicht nur preiswerte Mobilität, sondern trägt auch zu Einkommen und Beschäftigung bei. Es...

This study explores the contrasting impacts of the COVID-19 pandemic on various industries in Australia. Considering all daily announced information, we analyzed the diverse impacts of COVID-19 on the sectoral stock returns from 26 January to 20 July 2020. Sixteen out of twenty examined stock...