We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage points. An endogenous growth model with finance and...

The industrial sector is responsible for roughly one quarter of global greenhouse-gas (GHG) emissions. To align sector pathway developments with overarching net-zero transition goals in different industries, governments are required to understand sectoral reduction potentials to efficiently...

In der Diskussion um die Wettbewerbsfähigkeit der Bundesrepublik plädieren immer mehr Unternehmensführer dafür, die deutsche Volkswirtschaft wie einen Konzern zu führen und dabei insbesondere unternehmerische Steuerungsansätze auf die Wettbewerbspolitik zu übertragen. Werden bei diesem...

Vor 50 Jahren, am 3. Juli 1957, wurde das Gesetz gegen Wettbewerbsbeschränkungen vom Bundestag verabschiedet. Wie wurde das Gesetz zu Beginn beurteilt und welche Wandlungen hat es bis heute erfahren? Wie sehen die Beziehungen zur europäischen Wettbewerbspolitik aus? Welche Aufgaben müssen...

A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...

The debate on trade and growth increasingly focuses on the composition of exports. Exports of more “sophisticated” products appear to be positively correlated with growth, and upgrading the quality of exports is high on the policy agenda of many countries. This study presents evidence...

Carbon pricing is a central instrument of a market-based climate policy. However, the different international price levels vary greatly, thereby creating new distortions of competition. To compensate for this, state aid for transformation efforts becomes relevant. Industrial policy therefore has...