Research
The Future Working World | Computer-Aided Manufacturing | Technological change | Digitisation
The use of drones in warehouses is no longer a utopian vision in the course of digital transformation.

Technological change brings about permanent changes in the working world. The Centre for European Economic Research (ZEW), Mannheim, conducted comprehensive research on the challenges of digitalisation for labour markets in Germany, Europe and in 21 countries of the OECD (Organisation for Economic Co-operation and Development). A recent policy brief summarises key findings from related ZEW studies.

ZEW Indicator of Economic Sentiment
ZEW Indicator of Economic Sentiment | Cyclical indicator | Short-term forecast | Business Cycle | Germany | Business survey
ZEW Indicator of Economic Sentiment for Germany, November 20

The ZEW Indicator of Economic Sentiment for Germany has increased substantially in November 2016. The index has improved by 7.6 points compared to October, now standing at 13.8 points (long-term average: 24.0 points). "The ZEW Indicator of Economic Sentiment has increased for the fourth consecutive time – not least due to the positive economic figures seen in the US and China. The renewed increase is indicative of a stronger economic growth in the coming six months. The election of Donald Trump as US President and the resulting political and economic uncertainties, however, have made an impact. After the election, the economic sentiment has been less positive than before," comments ZEW President Professor Achim Wambach.

Research
Digitisation | In-house training | Corporate performance | Further training
According to the study, companies see the greatest need for further training in the field of data security.

One in two businesses in the German business economy expects job and task profiles to change as a result of the progressing digitisation in the next two years. Against this backdrop, around 67 per cent of the businesses consider further training on topics relevant for digitisation as very important or important for the company. The share of companies giving a high or very high priority to further training is particularly large in the highly digitalised ICT sector. These are the findings of the Monitoring Report DIGITAL Economy 2016, conducted by the Centre for European Economic Research (ZEW), Mannheim, in collaboration with TNS Infratest, on behalf of the Federal Ministry for Economic Affairs and Energy.

Research
Europe | Consumers | Broadband telecommunications | Internet | Demand
The EU has committed to expanding fast, fibre-based broadband coverage across Europe.

The increase in prices for the last mile causes a demand increase for high-speed, fibre-based technologies among households. Such price increases prompt customers to replace slower, copper-based wire technologies with high-speed fibre-optic cables. Nevertheless, it is not enough for policy-makers to make price adjustments so as to accelerate the expansion of fibre-based broadband technologies and to increase demand for broadband services on a national and EU level. Instead, new instruments need to be introduced, particularly on the customer side. These are the findings of a study by the Centre for European Economic Research (ZEW), which analysed EU-wide pricing policies for the last mile.

Comment
U.S. presidential election | International Economic Policy | United States | Elections
The USA have voted: Republican Party nominee Donald Trump will be the next president of the United States.

Republican Party nominee Donald Trump has won the election of the 45th President of the United States. The President of the Centre for European Economic Research (ZEW), Professor Achim Wambach, PhD, comments on the result of the U.S. Presidential Election.

China Economic Panel
China Economic Panel | Business survey | Greater China | Short-term forecast | Cyclical indicator | China
The CEP Indicator has increased by 4.0 points in October 2016 to a current total of minus 0.1 points.

The latest survey carried out between 17 October – 2 November 2016 indicates that expectations for the Chinese economy have slightly recovered from the declines seen in August and September. The CEP Indicator, which reflects the expectations of international financial market experts regarding China's macroeconomic development over the coming twelve months, has increased by 4.0 points to a current total of minus 0.1 points. However, the Indicator still lies significantly below its long-term average of 5.4 points, seen in the period from mid-2013 to October 2016.

Research
Young firms | Minimum wage | KfW/ZEW Start-up Panel
Young companies are subject to additional bureaucratic burdens due to the statutory minimum wage.

The statutory minimum wage, which became binding in Germany on a national level in 2015, has proved to be a greater burden on young companies than previously expected. Besides the necessary wage adjustments, start-ups have also been struggling with additional bureaucratic requirements, such as time sheets and less flexibility regarding compensation schemes. As a result, young companies may suffer from negative effects. These are the findings of a survey among start-ups conducted by the Centre for European Economic Research (ZEW) within the framework of the Mannheim Start-up Panel.

M&A Index
M&A activity | Information technology | United States | M&A | M&A report
Plenty less fish in the sea: The IT sector recently saw a significant decline in global M&A particularly in the USA, the most important market for both IT giants and Internet start-ups.

In the past few years the IT sector saw a significant decline in global mergers and acquisitions (M&A). This trend is particularly pronounced in the USA, the most important market for both IT giants and Internet start-ups. This is the result of recent calculations by the Centre for European Economic Research (ZEW) based on the Zephyr database of Bureau van Dijk.

M&A Index
M&A activity | ZEW-ZEPHYR M&A-Index | Takeover | Merger | Germany | M&A | M&A report
The twelve-month moving average reached a level of 96 index points in August 2016. A comparable reading was last seen in 2009.

According to the twelve-month moving average of the ZEW-ZEPHYR M&A Index, mergers and acquisitions (M&A) with or by German businesses continue on the path to new highs. Besides a minor downward trend in 2015, the twelve-month average, which is based on the number of M&As, has grown continually since the beginning of the merger wave back in 2011. In August 2016, the twelve-month average reached a level of 96 index points, which is the highest value observed since 2009. These are the findings of a study carried out by the Centre for European Economic Research (ZEW) on the basis of the Zephyr database of Bureau van Dijk.

Research
U.S. presidential election | Political education | United States | Political Culture and Participation | Participation
Individuals which are less privileged in terms of family background and childhood experiences are practically excluded from certain forms of political participation in the USA.

While from a legal perspective, the US population does have several ways to get involved in politics, the opportunity to exercise these rights mostly depends on factors which are beyond individual control. Individuals which are less privileged in terms of family background and childhood experiences are practically excluded from certain forms of political participation, particularly when it comes to membership in political organisations, participation in rallies and marches, and the direct contact to officials. This is the result of a recent study carried out by the Centre for European Economic Research (ZEW), which for the first time analysed the equality of opportunity in political participation in the USA.

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