This paper revisits the role of the manufacturing sector during the middle-income stage. By exploiting a large dataset that covers internationally comparable sectoral information, we prove that the manufacturing sector is imbued with three important characteristics. First, for middle-income...

The COVID-19 crisis has hit Italy severely: by mid-2020, GDP had returned to the level observed in 1993. This is the result not only of its sharp collapse in the first half of 2020, but also of its weak growth since the 1990s. Addressing the problems that have restrained the economy for 30 years...

Bis heute weisen die westdeutschen Bundesländer persistente Unterschiede in ihrem Lebensstandard und ihrer Produktivität auf. Die Arbeit untersucht, ob es im Zeitraum von 1950 bis 1990 zu einer Konvergenz der Einkommens- und Produktivitätsniveaus zwischen den westdeutschen Bundesländern...