Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and...

COVID-19 leads to a substantial decrease in the Chinese economy in early 2020. More importantly, the economy's recovery is not immediate; even new COVID-19 cases drop (close) to zero for a few months. I develop a nonseparable production function model to show productivity channel is a resolution...

This article argues that carbon reduction goals in the transport sector should be achieved through the management of policy making and implementation processes, based on a transport-sector carbon emissions identity and the DIRECT approach. Based on the above identity, it is argued that carbon...

The aim of the paper is to present the ways in which entrepreneurs in the food service industry react to the pandemic, evaluate the efficiency of their actions, and suggest the most effective solutions to the market disruptions caused by the COVID-19 pandemic in Poland. The study used the...

Lockdowns imposed around the world to contain the spread of the COVID-19 pandemic arehaving a differential impact on economic activity and jobs. This paper presents a new indexof the feasibility to work from home to investigate what types of jobs are most at risk. Weestimate that over 97.3...

Zahlreiche Märkte sind durch die Coronavirus-Pandemie von Unternehmensaufgaben und Insolvenzen, Unternehmenszusammenschlüssen und verminderten Gründungsanreizen betroffen. Durch den Digitalisierungsschub infolge der Kontaktbeschränkungen ist zudem zu erwarten, dass Digitalmärkte mit...

The COVID-19 crisis has affected economic sectors very heterogeneously, with possible risks for permanent losses in some sectors. This paper presents a sectoral-level, bottom- up method to estimate euro area potential outputin order to assess the impact of the crisis on it. The estimates are...