The notion of the output gap is crucial in understanding underlying economic trends. The macroeconomic stabilization policy can only be effective for all sectors or regions of the economy if regional or sectoral output gaps are sufficiently coherent. This study proposes a new microeconometric...

Firm ownership is a major determinant for the economic performance of firms, and emissions of pollutants are often by-products of industrial production. We investigate the impact of ownership on pollutant emissions of firms and their industrial facilities in Europe jointly with their output,...

This research investigates the repercussions of the global COVID-19 pandemic on the secondary sector of Côte d'Ivoire during the period 2020-2022. Using two-stage generalized random effects (G2SLS) instrumental variable (IV) models is a statistical method used in econometrics, particularly in...

Q4 2022 saw trend component growth in the industrial production index driven by extractive industries and manufacturing of goods substituting foreign brands which left the Russian market, as well as a pickup in demand for intermediate goods for the state defense order

In Q2 2022, the industrial production volume decreased. Slow growth was observed only in the mining industry on the back of the extraction of minerals (except for fuel and energy) and industries related to the provision of services in the extractive sector. Manufacturing industries began to feel...

Recent experiences of the COVID pandemic, geo-political tension primarily inflicted by the Russia-Ukraine war, soaring fuel prices and macroeconomic policy puzzles have posed unprecedented challenges for various economies including a net oil exporting emerging economy such as Brazil. In this...

In this paper, we will try to understand what the industrial production index does and what it means as a concept. Then, we will try to explain the situation of the industrial production index in certain years and what it means for the economy and society. In the statements we will make, we will...

In January-October 2022 industrial production demonstrated sluggish growth. The main contribution was made by the food industry, textile and garment production, metallurgy, and machine-building. The growth, among other things, was due to the replacement of foreign brands with domestic products...

Using data on Indian manufacturing firms for 1999-2019, the paper examines whether participation in global value chains (GVCs) by manufacturing firms in India raises their productivity. GVC participation by industrial firms involves exporting products along with importing intermediate inputs,...

In this paper, the impact of monetary policy on industrial production is investigated for Malawi. Using the ARDL bounds testing approach, and VAR models, it is shown that tight monetary conditions negatively affect industrial production both in the short run and in the long run. This is the case...

This paper discusses the experiences resulting from EU's adoption and implementation of a wide variety of policy measures in response to the COVID-19 crisis. These measures included stimulating the relocation and expansion of manufacturing to reduce vulnerability, depending on imports, ensuring...

Firm ownership is a major determinant for the economic performance of firms, and emissions of pollutants are often by-products of industrial production. We investigate the impact of ownership on pollutant emissions of firms and their in- dustrial facilities in Europe jointly with their output,...

Government subsidies play a crucial role in optimizing industrial structures, eliminating outdated production capacities, and facilitating industrial transformation and upgrading in traditional industries. This paper is based on data collected from 112 sources, including 26 listed companies in...

We estimate sectoral spillovers around the Great Moderation with the help of forecast error variance decomposition tables. Obtaining such tables in high dimensions is challenging because they are functions of the estimated vector autoregressive coefficients and the residual covariance matrix. In...