Wird das Wachstum der Bruttowertschöpfung des Finanzsektors auf herkömmliche Weise in seine Komponenten zerlegt, scheinen Investitionen in Informations- und Kommunikations-Technologien eine große Bedeutung zu haben. Bei einem umfassenderen Berechnungsansatz zeigt sich jedoch, dass Wachstum...

Deutschland hat nicht unerhebliche Mengen an unkonventionellen Erdgasreserven, die in tiefen Lagen in Schiefergestein gebunden sind. Die Diskussion um die Frage, ob diese beachtlichen Reserven durch moderne Bohr- und Fördertechniken (sogenanntes Hydraulic Fracturing (Fracking)) gehoben werden...

The growing importance of services has led to significant structural change in advancedeconomies, with the service sector now accounting for the largest share of employment indeveloped countries. In his seminal model of the so-called cost disease of services, WilliamBaumol noted that the prices...

The Baltic states experienced strong economic growth and a rapid closing of the income gap with developed economies until the onset of the global fi nancial crisis. Since then they have seen a marked slowdown of economic growth. This raises the issue of whether the Baltic states might become...

In environmental policymaking, the figurative cake that is wanted both to have and eat lies in achieving dematerialisation, i.e. reducing material resource use, and simultaneously pursuing a pathway lined with economic growth. Under such a scenario, we could have it all: increasing production...

In the early 1970s, hours worked per working-age person in Spain were higher than in the United States. Starting in 1975, however, hours worked in Spain fell by 40%. We find that 80% of the decline in hours worked can be accounted for by the evolution of taxes in an otherwise standard...

Productivity-enhancing structural reforms are crucial to the economic prospects of the EU. Indeed, such reforms are even more urgent in the current environment in which many economies are reaching the limits of the policy support they can provide to shore up demand. Moreover, even as some of the...

Das Produktivitätswachstum in der deutschen Industrie hat sich in den letzten Jahren verlangsamt. Zugleich ist die Heterogenität bei den Verläufen unter den Industriebranchen enorm. Was sind die ökonomischen Hintergründe, und lässt sich daraus eine tatsächliche Produktivitätsschwäche...