This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and...

The economic and health crisis triggered by the Covid‑19 pandemic leaves the European Union facing the steepest decline in production and employment since the Second World War, on top of economic fundamentals that are already fragile as a result of the disastrous effects of the double fall...

The twin digital and green transition will have far-reaching labour market consequences in the manufacturing sector as regards the quantity, character and quality of employment. The effects of transition will be uneven between countries and regions, different industries and different categories...

This paper represents an empirical investigation of the "weak" and "strong" Porter Hypothesis (PH) focusing on the manufacturing sectors of European countries between 1997 and 2009. By and large, the literature has analyzed the impact of environmental regulation on innovation and on productivity...

This paper provides a quantitative evaluation of the macroeconomic, distributional, and fiscal effects of three reform proposals for Germany: i) a reduction in the social security tax in the low-wage sector, ii) a publicly financed expansion of full-day child care and full-day schooling, and...