How Does Chinese Innovation Affect German Companies?
20.09.2021 · ZEW (pbo/lra/ybr)
Questions & Answers
As the coronavirus pandemic continues to slow sown global markets, China’s economy is booming like the crisis never happened. More importantly, China is making massive investments in innovation in a bid to become the global leader in technology.
How is creative destruction connected to innovation? Can competition policy stimulate industrial dynamics? How to solve Europe’s ‘unicorn problem’? On 14 September 2021, ZEW President Professor Achim Wambach and Professor Philippe Aghion, Collège de France INSEAD and London School of Economics, have discussed these questions. The French economist also presented his book “The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations” at the seventh #ZEWBookTalk.
Electricity from solar or wind power is increasingly substituting electricity from conventional coal and gas-fired power plants in Germany. This reduces both emissions and wholesale prices on the energy market. Both effects benefit not only Germany, but – via the transnational electricity market – also its neighbouring countries. However, the costs of promoting renewable energies are mainly borne by German consumers, as they pay the EEG surcharge levied on them. This is the result of a study by ZEW Mannheim and the Potsdam Institute for Climate Impact Research (PIK) based on generation and wholesale market price data for ten Central European countries between 2015 and 2020.
Wildcard for the Final of the YES! – Young Economic Summit
14.09.2021 · ZEW (dhr/ksd/ybr)
Dates and News
The school team of the Albert-Einstein-Gymnasium from Frankenthal has secured its place in the national final of the school competition YES! – Young Economic Summit in September 2021. The team convinced the organisers with their idea and received the wildcard for the best scientific approach. Katia Gallegos Torres and Paul Berbée from the ZEW Research Department “Labour Markets and Human Resources” are mentoring and supporting the school team in the competition.
For years, a decline in productivity growth and a slowdown in industrial dynamics have been clearly visible in almost all sectors in Germany. Policymakers fear that this will have long-term effects on economic growth and employment. What is needed are significantly stronger business and productivity dynamics. But how can this be achieved? Especially companies in the low-tech sector are important drivers of productivity growth. So far, however, they have not been given enough attention by policymakers, as a recent study by ZEW Mannheim on behalf of the Bertelsmann Stiftung shows.
Xiaohua Yu (Georg August University of Göttingen),
Tobias Wenzel (ZEW),
Qingxin Lan (University of International Business and Economics, China),
Soo Jin Kim (ShanghaiTech University, China),
Jun Yang (University of International Business and Economics, China)