1. 29.06.2021 · ZEW (awh)
    Comment
    Monopoly | Competition | Facebook | Technology-based company
    Image of the ZEW President Achim Wambach.

    A US court has dismissed the lawsuits against Facebook. The Federal Trade Commission and 40 US states had accused Facebook of having monopoly power in the social media market and wanted to force Facebook to reverse its acquisition of the image and video platform Instagram and the messenger service WhatsApp. Professor Achim Wambach, president of ZEW Mannheim and member of the German Monopolies Commission, comments as follows:

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  2. 28.06.2021 · ZEW (awh/rha)
    Comment
    China | Economic area | Competition
    ZEW President Achim Wambach comments on China

    On 1 July 2021, the Communist Party of the People’s Republic of China celebrates its 100th birthday. It governs a country whose importance for the global economy has grown enormously over the years. For Germany, the People’s Republic is a key export market. However, European companies are increasingly facing competition from Chinese companies.

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  3. 21.06.2021 · ZEW (awh)
    Comment
    Industrial Policy | Germany | Europe | Industrial change
    Professor Achim Wambach on the Day of German Industry.

    Shaping structural change poses a myriad of challenges for the industrial landscape and is the central topic at this year’s Day of German Industry (21 to 23 June 2021). ZEW President Professor Achim Wambach commented on this matter:

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  4. 18.06.2021 · ZEW (csp/clu)
    Comment
    Double taxation | Minimum level of taxation | OECD | Enterprise | corporate profit

    Support is growing for the introduction of a global minimum tax on corporate profits. This was clearly demonstrated at the recent meeting of the G7 finance ministers. The Federation of German Industries (BDI) took this as an opportunity to organise a panel discussion on “Global Minimum Tax – Consequences for the German Economy” on 18 June 2021, including Christopher Ludwig, a member of the team of tax experts led by Professor Christoph Spengel at ZEW Mannheim and the University of Mannheim. In recent months, the tax experts have closely examined and evaluated the OECD’s reform proposals. Spengel, who worked on a BDI paper on this topic, comments on the global minimum tax:

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  5. 17.06.2021 · ZEW (ibe/sel)
    Research
    Digitisation | Digital Economy | Coronavirus | Artificial intelligence
    Rural areas, where the majority of companies are located, still have some catching up to do in terms of bandwidths.

    The digital transformation continues to be a much-discussed topic that occupies business, politics and society. But how well are the federal states managing to keep up with this rapid development? An evaluation of the digitalisation level in Baden-Württemberg shows that the state has made great progress since the adoption of its digitalisation strategy “digital@bw” in 2017. The COVID-19 pandemic has accelerated this transformation considerably, but at the same time it has also revealed existing shortcomings. This is the result of a meta-study conducted by ZEW Mannheim on behalf of the state of Baden-Württemberg.

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  6. 16.06.2021 · ZEW (fbr/sel)
    Research
    Stock Market | cryptocurrencies | Public bond | ZEW Financial Market Survey | Stockholding behaviour | ZEW survey | Financial market experts
    Kyptocurrencies have lost considerable attractiveness.

    Against the background of rising inflation expectations and low interest rates, financial market experts have assessed the attractiveness of various asset classes for the next six months: While investments in stocks, commodities and real estate are currently considered attractive, the outlook for cryptocurrencies and conventional government bonds is clearly negative. Inflation-indexed bonds and green bonds are rated slightly positively by the financial analysts. This is the result of a question included in the ZEW Financial Market Survey, which was conducted among around 160 financial market experts in June 2021.

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  7. 15.06.2021 · ZEW (mar/cli/ebr/sel)
    Research
    Highly skilled labour | Low income | Quality of life
    Low- and high-income earners do not differ regarding their preference on urban amenities.

    Given a shortage of skilled labour, cities are increasingly vying for qualified workers. A higher quality of life is often said to give cities an advantage in this battle for talent. In fact, the amenities a city offers in terms of family friendliness, infrastructure, cultural offerings and regional economic dynamics play a major role in employees’ decision to move to a particular city. A study by ZEW Mannheim comes to the conclusion that high- and low-skilled workers prefer very similar cities. The lower share of low-skilled workers in attractive urban areas thus mainly reflects the fact that low-wage earners are less able to afford to move to attractive cities due to the high cost of living.

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  8. 09.06.2021 · ZEW (sru/deg)
    Comment
    Climate protection | CO2 | CO2 reduction | Climate policy
    ZEW Economist Sebastian Rausch.

    On 10 June, the German Bundestag will discuss an amendment to the Federal Climate Change Act. The amendment had become necessary after a ruling by the Federal Constitutional Court. Professor Sebastian Rausch, head of the Research Department “Environmental and Resource Economics, Environmental Management” at ZEW Mannheim, comments on this matter.

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  9. 08.06.2021 · ZEW (msc/fbr/jrr/sel)
    ZEW Indicator of Economic Sentiment
    ZEW Indicator of Economic Sentiment | ZEW Financial Market Survey | Business cycle research | Short-term forecast | Cyclical indicator | Business survey | Germany | Europe
    ZEW Indicator of Economic Sentiment declines to 79.8 points

    The ZEW Indicator of Economic Sentiment for Germany decreased in the current June 2021 survey, falling 4.6 points to a new reading of 79.8 points. By contrast, the assessment of the economic situation in Germany improved very significantly, with the corresponding indicator currently standing at minus 9.1 points, 31.0 points higher than in the previous month. The assessment of the economic situation in Germany is now back to the pre-pandemic level of August 2019. Due to the very high economic expectations, the outlook is now much more positive than in summer 2019.

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  10. 07.06.2021 · ZEW (csp)
    Comment
    Tax Policy | Corporate taxation | Minimum level of taxation
     Prof. Christoph Spengel welcomes uniform, international standards in tax policy.

    At their meeting in London, the finance leaders from the Group of 7 countries agreed on backing the creation of a global minimum tax rate of at least 15 per cent for large companies. In addition, the agreement envisages forcing the largest and most profitable companies to pay taxes on part of their turnover to countries based on where they sell their services and goods. Until now, multinational companies have been able to shift profits and thus avoid taxation in countries with higher tax rates. Professor Christoph Spengel, tax expert at ZEW Mannheim and the University of Mannheim, comments on these plans:

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