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29.11.2024|12. Financial Markets Conference

Fit for the future? - How efficient are the European capital markets?

Under the title “Fit for the future? – How efficient are the European capital markets?”, the twelfth Capital Markets Conference took place on November 29, 2024. The outstanding conference with speakers from academia and business was organized by the head office of the Deutsche Bundesbank in Hamburg, Mecklenburg-Western Pomerania and Schleswig-Holstein, Finanzplatz Hamburg e. V.,... Read more

Under the title “Fit for the future? – How efficient are the European capital markets?”, the twelfth Capital Markets Conference took place on November 29, 2024. The outstanding conference with speakers from academia and business was organized by the head office of the Deutsche Bundesbank in Hamburg, Mecklenburg-Western Pomerania and Schleswig-Holstein, Finanzplatz Hamburg e. V., the Hamburg Chamber of Commerce and the Hamburg Institute of International Economics (HWWI) at the Hamburg Chamber of Commerce.

 

Fit for the future? - How efficient are the European capital markets?
Dr. Jan Wedemeier becomes Managing Director of JHS
14.01.2025|Farewell to the Institute

Dr. Jan Wedemeier becomes Managing Director of JHS

On 15 January, Dr. Jan Wedemeier, a long-standing employee at the HWWI and head of the HWWI site in Bremen, will take over the management of the newly founded JHS innovate! Center MaTeNa at the University of Bremen. We wish him every success in his... Read more

On 15 January, Dr. Jan Wedemeier, a long-standing employee at the HWWI and head of the HWWI site in Bremen, will take over the management of the newly founded JHS innovate! Center MaTeNa at the University of Bremen. We wish him every success in his new role and remain in good contact.

On Bremen's Industrial Transformation: The Role of Hydrogen in Production
06.01.2025|New HWWI-Working Paper

On Bremen's Industrial Transformation: The Role of Hydrogen in Production

Hydrogen serves as an important cornerstone for achieving the goal of maintaining a level of zero-carbon-dioxide emissions in industry production processes. Our analysis is based on the computable general equilibrium (CGE) framework and focuses on a partial switch to hydrogen used in production in northern... Read more

Hydrogen serves as an important cornerstone for achieving the goal of maintaining a level of zero-carbon-dioxide emissions in industry production processes. Our analysis is based on the computable general equilibrium (CGE) framework and focuses on a partial switch to hydrogen used in production in northern Germany, particularly in the Bremen region. The simulation results indicate that Bremen’s chemical, steel, and copper industries could replace up to 1.5, 15, and 35%, respectively, of petroleum and natural gas with hydrogen, without negative effects on overall production, until 2032.

Empirical Evidence of the Effects of Climate Change on NCDs: A Literature Review
02.01.2025|New publication in Review of Economics

Empirical Evidence of the Effects of Climate Change on NCDs: A Literature Review

Research on climate change and health has surged, underscoring its urgency as extreme weather events (EWEs) intensify. This review of 152 studies highlights links between EWEs and non-communicable diseases (NCDs). Heatwaves increase mortality from stroke, cardiovascular, and respiratory diseases. Wildfires and floods worsen respiratory and... Read more

Research on climate change and health has surged, underscoring its urgency as extreme weather events (EWEs) intensify. This review of 152 studies highlights links between EWEs and non-communicable diseases (NCDs). Heatwaves increase mortality from stroke, cardiovascular, and respiratory diseases. Wildfires and floods worsen respiratory and mental health, while droughts contribute to stress and heat-related illnesses. Vulnerable groups, including older adults and disadvantaged populations, are disproportionately affected.

The Impact of the More Economic Approach on EU Merger Decisions
20.12.2024|New publication in Stanford Computational Antitrust

The Impact of the More Economic Approach on EU Merger Decisions

This study analyses 6245 merger cases decided by the European Commission between 1990 and 2019, covering all economic sectors and decision types. Text analysis reveals increasing use of terms linked to the More Economic Approach (MEA) and a decline in dominance-related concepts since 2004. The... Read more

This study analyses 6245 merger cases decided by the European Commission between 1990 and 2019, covering all economic sectors and decision types. Text analysis reveals increasing use of terms linked to the More Economic Approach (MEA) and a decline in dominance-related concepts since 2004. The tonality of decisions is mostly positive and varies under different regulatory frameworks. Key legislative changes, including the 2004 merger regulation, have influenced the duration of investigations and procedural outcomes, with minor effects on prohibition probabilities.

Make it Burn? Wildfires, Disaster Aid and Presidential Approval
19.12.2024|New Working Paper

Make it Burn? Wildfires, Disaster Aid and Presidential Approval

For governments, the occurrence of natural disasters creates the opportunity to demonstrate their willingness and competence in providing prompt and efficient disaster aid. A number of studies has investigated the political consequences of providing disaster aid by analyzing the effects of such aid on subsequent... Read more

For governments, the occurrence of natural disasters creates the opportunity to demonstrate their willingness and competence in providing prompt and efficient disaster aid. A number of studies has investigated the political consequences of providing disaster aid by analyzing the effects of such aid on subsequent election results. However, the findings of these studies have not yielded a coherent picture. This paper makes a contribution to the existing literature by employing high-frequency survey data on presidential approval. The combination of this data with wildfire data and information on Federal Emergency Management Agency (FEMA) aid approvals and denials reveals that Barack Obama gained in support among (potential) voters for whom FEMA aid was approved by the president, while he was not punished for denials of FEMA assistance. We show that this effect is exclusively driven by voters without party affiliation and the that the effect is temporary.

New HWWI Buisiness Cycle Forecast
09.12.2024|HWWI forecast

New HWWI Buisiness Cycle Forecast

With the quarrels in the traffic light coalition and its eventual end, uncertainties have increased further in the second half of 2024. Private consumers and above all investors continue to hold back. Following the Federal Statistical Office’s revisions of its first estimates for real gross... Read more

With the quarrels in the traffic light coalition and its eventual end, uncertainties have increased further in the second half of 2024. Private consumers and above all investors continue to hold back. Following the Federal Statistical Office’s revisions of its first estimates for real gross domestic product (GDP) in the 2nd and 3rd quarters by a total of 0.3 percentage points downwards, the GDP level for 2024 has also declined, so that the Hamburg Institute of International Economics (HWWI) has lowered its growth forecast for 2024 from +0.2% to -0.2%.

New Publication on CO₂ Emissions from Fishing in the North Sea
28.10.2024|New Publication in Nature Geoscience

New Publication on CO₂ Emissions from Fishing in the North Sea

The HWWI, in collaboration with other research institutions, has contributed to a study analyzing the impact of bottom trawl fishing on carbon release from the seabed. The findings show that bottom trawling disrupts carbon storage in sediment—CO₂ that is normally bound within the seabed is... Read more

The HWWI, in collaboration with other research institutions, has contributed to a study analyzing the impact of bottom trawl fishing on carbon release from the seabed. The findings show that bottom trawling disrupts carbon storage in sediment—CO₂ that is normally bound within the seabed is thereby released into the atmosphere. The study underscores the importance of sustainable fishery management to protect the CO₂ storage capacity of our coastal seas, thereby making a significant contribution to climate protection.

For the study, HWWI researcher Dr. Lea Bernhardt conducted the multivariate statistical analysis to investigate the relationship between bottom trawl fishing and the seabed’s carbon storage capacity. Through regression analyses, the effect of fishing activity on the sediment’s carbon content is estimated.

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On the HWWI

Hamburg World Economic Institute (HWWI) is an independent, privately financed economic research institute. In addition to the headquarters in Hamburg, the HWWI has a branch in Bremen. It is organized as a non-profit GmbH; the only shareholder is the Hamburg Chamber of Commerce. HWWI closely cooperates with Helmut Schmidt University/University of the Armed Forces Hamburg (HSU).