This study examines the lack of convergence among EU countries from a structural perspective. We apply the tradable-non-tradable framework (T-NT) to evaluate the heterogeneity in labour productivity before and after the great recession. We find that, across all countries, non-tradables were less...

We propose the so-called domestic "embodied unit labor costs" (EULC) at the country-sector level as a new cost-related basis for measures of international competitiveness. EULC take into account that a sector's labor costs constitute only a small share of its total cost which to a large extent...

Der Artikel schlägt eine alternative Methode zur Berechnung der verwendungsseitigen Wachstumsbeiträge vor, bei der die Einfuhr von Waren und Dienstleistungen auf die einzelnen Verwendungskomponenten gemäß ihrer Importanteile verteilt wird. Demnach spielen die deutschen Ausfuhren eine weit...

Eine wesentliche Grundlage für makroökonomische Analysen sind die Volkswirtschaftlichen Gesamtrechnungen (VGR). Für Deutschland werden diese vom Statistischen Bundesamt vierteljährlich veröffentlicht. Die erste Veröffentlichung basiert noch auf unvollständigen Daten, so dass die Angaben...

Die gegenwärtige konjunkturelle Robustheit der deutschen Wirtschaft hat auch eine Diskussion über eine potenzielle Überhitzungsgefahr ausgelöst. Eine hohe Auslastung der gesamtwirtschaftlichen Produktionskapazitäten stellt nicht notwendigerweise eine Überhitzung dar. Um dies zu...

As the pace of digitalization and automation accelerates globally, and more disruptive innovations in machine learning, artificial intelligence and robotics are expected, new data sources and measurement tools are needed to complement existing valuable statistics and administrative data. This is...

In this paper, first, the MIMIC estimation method is described and criticized and due to a double counting problem a correction is suggested. Second, the measurement methods used for National Accounts Statistics - the discrepancy method and two new micro survey methods - are described and a...

Macroeconomic aggregates on households' wealth have a long tradition and are widely used to analyse and compare economies, yet they do not provide any information about the distribution of assets and liabilities within the population. The Household Finance and Consumption Survey (HFCS)...

This study uses new data on Swedish national wealth over the last two hundred years to examine whether the patterns in wealth-income ratios found by Piketty and Zucman (2014) extend to small and less developed economies. The findings reveal both similarities and differences. During the...

Innovation is widely considered as the main determinant of long-term economic growth. Despite this consensus, it is arduous to measure its economic effect at the firm and aggregate level. The objective of the present paper is to propose a critical examination of innovation indicators and...