The economic and financial crisis has generated a significant amount of adverse effects in all European economies, although with substantial differences by countries. For Spain the effects have been severe. From the last third of the last century until the middle of 2008 the economy experienced...

We propose to construct factor models based on disaggregate survey data to forecast national aggregate macroeconomic variables. We apply our methodology to Norges Bank's regional survey, which allows to construct regional and sectoral factor models, and to the Swedish Business Tendency survey,...

Eine starke Spezialisierung auf bestimmte Branchen kann zweifellos wirtschaftliche Vorteile mit sich bringen. Viele Regionen in Deutschland profitieren zum Beispiel von ihrer Einbettung in starke Cluster, z. B. in der Automobilindustrie. Wenn diese Branchen jedoch in Schwierigkeiten geraten,...

This paper explores the impact of industrial clusters on regional growth at level of German labour market regions within a regional convergence model. It focuses on vertically connected industrial sectors, which can emerge parallel to horizontal interconnections. Based on works of Schnabl (2000)...