The present paper embarks on an analysis of interactions between the US and Euroland in the capital, foreign exchange, money and stock markets from 1994 until 2006. Estimating multivariate EGARCH processes for the structural financial innovations determines causality-in-variance effects and...

The subject of this paper tackles macroeconomic integration of the South-East Asian countries South Korea, Singapore and Taiwan. Economically, the analysis is based on notions of stochastic long-run convergence and business cycle synchrony in the GDPs. According tests for cointegration and...

This paper embarks to analyse the role of exports and investment supposed to be major sources of economic growth in Asia Pacific. Therefore at first, the cointegration properties of exports, capital formation and GDP are examined in vector error correction models (VECMs). The results confirm the...

This comment discusses the consequences of a potential fourth industrial-digital revolution (“Industry 4.0”) from a labour market perspective. In particular, we look at the development through the lens of a comprehensive macroeconomic modelling approach for Germany. Additionally, the...

In den entwickelten Volkswirtschaften ist das Produktivitätswachstum seit den 1970er Jahren tendenziell gesunken, zeigen die Statistiken–eine Beobachtung, die angesichts der weitreichenden Digitalisierung der Wirtschaft erstaunt. Sie könnte auf Messfehlern beruhen, ist sie aber realistisch,...