The swift and thorough privatization of eastern Germany did not emanate solely from the West German Federal Republic. This book explores actors from abroad – mainly from western Europe – in four functions: as investors, as advisors and capital providers, and as co-decisionmakers on...

The answer is yes to both. For decades, research on entrepreneurship culture has relied on two competing theoretical foundations for the important concept of entrepreneurship culture. One camp views entrepreneurship culture as an aggregate of personality traits conducive for entrepreneurship....

This paper investigates the long-run nexus between wealth inequality and aggregate output using a DSGE model in which wealth inequality endogenously affects individual entrepreneurship incentives, thereby influencing aggregate output. Our model passes the indirect inference test against the UK...

Migration can stimulate economic growth when managed strategically. Heterogeneous impacts require targeted and redistributive policies. Narratives of migration as purely a supply-side issue are overly reductive. Migration can serve as a deficit-financing alternative to tax hikes or spending...

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...

Scaling up energy efficiency is critical to the energy transition-and the public sector is a good place to start. Programs in public buildings, in particular, can introduce new models and thus help shape markets. Given the limits of public financing against huge investment needs, countries must...

This report presents Europe's economically viable onshore wind energy potential at high geographical resolution (the JRC ENSPRESO 2 data set). It finds that in some scenarios, installable capacity and annual electricity generation are approximately double those previously estimated, indicating...

This report presents Europe's economically viable onshore wind energy potential at high geographical resolution (the JRC ENSPRESO 2 data set). It finds that in some scenarios, installable capacity and annual electricity generation are approximately double those previously estimated, indicating...

This report outlines the threat of pharmaceutical crime in the EU and beyond, as assessed by Europol. It aims to raise awareness of the ways criminal networks exploit consumers and industry in generating illegal revenue through producing and selling counterfeit medicines.

Europe needs to take more responsibility for its own security. While EU Member States have made substantial new resources available for European defence, and European defence companies are thriving, more needs to be done. National defence spending will likely continue to rise but there is also...

Europe needs to take more responsibility for its own security. While EU Member States have made substantial new resources available for European defence, and European defence companies are thriving, more needs to be done. National defence spending will likely continue to rise but there is also...

This study explores the European Union's role in Europe's housing crisis. While much attention has been given to the EU's impact on other welfare state sectors, housing remains underexplored. Using Aalbers' theory of housing financialisation and Scharpf's theory of positive and negative EU...

Did the COVID-19 pandemic zombify the economy? Commentators have pointed to the pandemic and related business support measures potentially fueling zombification. Using administrative data covering the universe of Canadian firms, we find a broad-based decline in the share of zombie firms across...