We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR...

This paper applies component-wise boosting to the topic of regional economic forecasting. Component-wise boosting is a pre-selection algorithm of indicators for forecasting. By using unique quarterly real gross domestic product data for two German states (the Free State of Saxony and...

This paper investigates whether localization economies as brought forward by Marshall (1890) or urbanization economies as mentioned by Jacobs (1970) are more decisive for regional gross value added per capita. Our novel approach is to explicitly allow for interdependencies between these two...

In this paper, we assess the accuracy of macroeconomic forecasts at the regional level using a large data set at quarterly frequency. We forecast gross domestic product (GDP) for two German states (Free State of Saxony and Baden-Württemberg) and Eastern Germany. We overcome the problem of a...

In this paper, we assess the accuracy of macroeconomic forecasts at the regional level using a unique data set at quarterly frequency. We forecast gross domestic product (GDP) for two German states (Free State of Saxony and Baden-Württemberg) and Eastern Germany. We overcome the problem of a...

This paper investigates whether localization economies as brought forward by Marshall(1890) or urbanization economies as mentioned by Jacobs (1970) are more decisive forregional gross value added per capita. Our novel approach is to explicitly allow forinterdependencies between these two...

Prognosen der wirtschaftlichen Entwicklung auf regionaler Ebene sind bisher eher selten in der wissenschaftlichen Literatur und in der Praxis vorzufinden. Dies ist vor allem auf das Fehlen von Quartalsdaten und der nur wenigen potenziellen Indikatoren auf regionaler Ebene zurückzuführen. Der...

A key goal of politicians is to ensure a sustainable and stable economic growth path for their domestic economy. Economic forecasts are powerful tools for reducing uncertainty about future economic growth. While most of the research conducted to date has focused on nation states, this thesis by...

Der Freistaat Sachsen und die weiteren ostdeutschen Bundesländer haben sich in den vergangenen 20 Jahren auf vielen Feldern positiv entwickelt. Dazu gehören insbesondere die wirtschaftliche Entwicklung, die Verbesserung der Umweltsituation, der Ausbau der Infrastrukturen (u. a. in den...