Most micro, small, and medium-sized enterprises (MSMEs) operate informally. While informal sectors are thought to contribute less to national economic development, MSMEs are a driving force behind national economic growth. Thus, formalizing informal MSMEs is critical to boosting national...

The European Commission has proposed a new regulatory tool for the governance of digital markets. The Digital Markets Act (DMA) intents to limit the market behavior of socalled gatekeeper companies to ensure contestable and fair digital markets. We review the provisions of the DMA both from a...

We develop a model of misinformation wherein users' decisions to verify and share news of unknown truthfulness interact with producers' choices to generate fake content as two sides of a market that balance to deliver an equilibrium prevalence and pass-through of fake news. We leverage the...

Die aktuelle Covid‐19-Pandemie offenbart einmal mehr die Vulnerabilität hoch entwickelter Ökonomien in Bezug auf unerwartete exogene Schocks. Vor diesem Hintergrund analysiert der vorliegende Beitrag am Beispiel der Europäischen Union, unter welchen Voraussetzungen kleine und mittlere...

The automotive industry in the European Union (EU) and Germany faces major challenges including decarbonisation, digitalisation and global competition. While the automotive industry has a significant economic role in terms of income and employment, it has immense ecological damages. The green...

Debates on industrial policy surged in the wake of the current crises. Policymakers, however, should not lapse into conserving old structures which too often prove obsolete. Instead, key industries with high-quality jobs and future growth prospects must be identifi ed. These are...

Prices for cryptocurrencies have undergone multiple boom-bust cycles, together with ongoing entry by retail investors. To investigate the drivers of crypto adoption, we assemble a novel database (made available with this paper) on retail use of crypto exchange apps at daily frequency for 95...

The mounting economic and technological conflict with the U.S. is hitting China’s economy at a difficult time. Harsh retaliation by China against U.S. economic sanctions would further exacerbate its internal economic problems. During the 2023 National People’s Congress, the Chinese...

This paper is part of a comparative project on the Varieties of Covid-19 Reactions and Changing Modes of Globalization in the Global South. The project employs a comparative analysis of two industries-automobiles and clothing/textiles-across four countries in order to analyze the impacts of the...