KCG Seminar on Aug. 18: Full-scale Russia’s Trade Sanctions and their Welfare Outcomes

17th August 2023
KCG Secretary
News
News
© Presidential Office of Ukraine
Since 2014 the EU has imposed a number of sanctions and restrictive measures against Russia in response to the illegal annexation of Crimea. Alone in the past two years as response to Russia’s invasion of Ukraine, the EU has adopted eleven sanction packages against Russia, including individual sanctions, economic sanctions and diplomatic restrictive measures. [...]

KCG Working Paper No. 26: Special Economic Zones in Ghana: A Case Study of Enclaves in Tema, Dawa and Sekondi

6th June 2023
KCG Secretary
Publications
Publications
Authors: Vera Acheampong, Nana Yaw Agyeman Owusu and Nina Kupzig

Many countries introduced concepts related to Special Economic Zones (SEZs) to promote export-led economic growth. However, the concepts and implementation of SEZs vastly differ, resulting in large differences between and within countries. Therefore, this study seeks to assess the current state of Ghana’s Special Economic Zones while identifying challenges to SEZ enclave development in Ghana[...]

KCG Working Paper No. 25: Special Economic Zones and Household Welfare: New Evidence from Ghana

5th June 2023
KCG Secretary
Publications
Publications
Authors: Charles G. Ackah, Robert D. Osei, Nana Y.A. Owusu and Vera Acheampong

The study evaluates the impact of Special Economic Zones (SEZs) on household welfare (per capita consumption expenditure (PCE) and poverty status) in Ghana using the Ghana Socioeconomic Panel Survey Dataset. SEZs spillover effect on household welfare within a binary treatment condition may lead to finding inadequacy for policy[...]

Africa’s Female Entrepreneurs – Underfunded or Underperforming?

23rd May 2023
KCG Secretary
Authors: Charles Ackah, Holger Görg, Aoife Hanley and Cecília Hornok (Small Business Economics, 2024, 62:1051–1074)

We explore the export performance of Africa’s underperforming female entrepreneurs, using the Ghanaian ISSER-IGC panel, a comprehensive dataset of manufacturing firms for 2011–2015. Uniquely, the data provides information about the severity of key business constraints, across both male and female entrepreneurs[...]

Podcast Interviews on Globalization, Global Value Chains and Friendshoring

11th May 2023
KCG Secretary
Public Contributions
Public Contributions
The development of the global economy faces great challenges nowadays including the US-China trade war, the COVID-19 pandemic, Russia’s invasion in Ukraine and the rising geopolitical tensions, just to name a few. All these lead to question the future of globalization.
Against this background, Prof. Holger Görg, Ph.D. (Acting President of the Kiel Institute and Managing Director of KCG) gave two Podcast interviews, in which he discusses several key aspects of globalization, particularly of global value chains[...]

Görg warns that throwing around subsidies will not change long-term investment decisions

21st March 2023
KCG Secretary
Public Contributions
Public Contributions
Last August, United States President Biden signed the Inflation Reduction Act (IRA), with ensuring the US’s role as the global leader in clean energy technology, manufacturing and innovation as one of its main goals. The IRA’S tax incentives and investment programs supported by massive US government subsidies may increase the attractiveness of the US to many more multinationals, including those from Europe[...]

State Aid can Produce Unintended Losers

23rd February 2023
KCG Secretary
Publications
Publications
Earlier this month, the European Commission proposed to transform the State Aid Temporary Crisis Framework to facilitate the green transition in Europe. One main policy focus of the proposed Temporary Crisis and Transition Framework is to relax the strict state aid rules in the EU, in order to facilitate “the roll-out of renewable energies and to support the decarbonisation of the industry”[...]

A New Study with KCG Involvement on Trade Impact of Floods in China

8th February 2023
KCG Secretary
News
News
Floods can impact international trade through a variety of different channels. They can destroy crucial transport infrastructure such as roads or ports, directly reducing the capacity of a firm to export. The export capacity of a firm may also be affected by the destruction of public and private assets which are crucial for production. Established trading relationships with customers may be severed by negative flooding shocks, and supply chains for intermediate inputs and services can be affected[...]