This paper investigates to what extent the R&D behavior of manufacturing companies was influenced by the 2008/09 crisis. Based on a broad official data set for German manufacturing companies, only a few companies that engaged in R&D during 2008 gave it up in the following year. Some companies...

This paper investigates to what extent the R&D behavior of manufacturing companies was influenced by the 2008/09 crisis. Based on a broad official data set for German manufacturing companies, only a few companies that engaged in R&D during 2008 gave it up in the following year. Some companies...

We analyze output growth risk with respect to financial conditions across U.S. manufacturing industries. Using a multi-level quantile regression approach, we find strong heterogeneity in growth risk, particularly between the more vulnerable durable goods sector and the more resilient nondurable...

This paper investigate the effects of the prolonged double-dip recession on the productive capacity of the Italian manufacturing sector, employing three methods: a production function approach, a survey-based methodology and a statistical filtering of the industrial production series. We...

Between 2008 and 2013 productive capacity was considerably downsized in the Italian manufacturing sector. This paper analyses the micro-data collected for the Bank of Italy surveys to identify the main drivers of the reduction in the whole 2008-13 period and in four sub-periods (pre-crisis...

In this paper, we present estimates of the mark-up of product price over marginal costs for the manufacturing industries of the US and the other G-5 countries. The paper extends the analysis used in previous studies based on nominal productivity residuals by considering intermediate inputs and...

This paper uses industry and firm data to look at price cost mark-ups and firm profit margins in U.K. manufacturing and services. In particular it examines how they behave over the business cycle. It has two main findings. First, the estimated average mark-ups and the profit margin results both...

Prognosen lassen erwarten, dass das deutsche Bruttoinlandsprodukt im Jahr 2013 um weniger als 1% wachsen wird. Die Industrie ist insgesamt zuversichtlicher, nur die Autoindustrie rechnet nicht mit überdurchschnittlichen Wachstumsraten. Trotz der europäischen Schuldenkrise und der nachfolgenden...

Die deutsche Gesamtwirtschaft hatte sich 2013 weniger dynamisch entwickelt als erwartet. Vor allem die Ausfuhren wuchsen nach hohen Wachstumsraten in den Vorjahren parallel zum gesamten Welthandel nur langsam. Davon waren auch die Industriebranchen Maschinenbau, Chemie und Elektrotechnik...

Das vergangene Jahr 2014 hat nicht den erwarteten überzeugenden Aufschwung gebracht, sondern tendenziell die Seitwärtsbewegung des Vorjahres fortgesetzt. Für 2015 sehen die einzelnen Branchen weiterhin Unsicherheiten. Auf der einen Seite wird die Entwicklung der Ausfuhren durch die anhaltende...