New study: Digital transformation in business

Social media is a tool that allows consumers to interact with family, friends, and a wider social circle by sharing information and experiences in real time from their public and private lives. Massive reductions in the cost of information and communication technology and the proliferation of internet access have led social media to become an everyday tool for individuals and organisations across the globe.

In this study, we explore how digital tools contribute to society via impacts on business activity worldwide. There is significant evidence that digital technologies, like Facebook apps and technologies, facilitate business growth, trade, hiring and inclusion.

To explore these effects, we conducted a survey focusing on the role of social media, using Facebook apps and technologies as an example. Representatives from more than 15,000 businesses located in 30 countries and regions across six continents responded.

Learn more about the study
For further information, please contact Managing Economist Dr Bruno Basalisco

Join us at the State Aid virtual conference

Copenhagen Economics is proud to sponsor the State Aid virtual conference, organised by Informa Connect, which takes place 2 July 2020!

Gain insights into how State Aid is responding to the current COVID-19 crisis and other challenges including the Green Deal, Brexit, and the ongoing saga of tax and State Aid cases.

Our Director, Dr Adina Claici, will lead a session on State Aid in times of crisis – how to assess the damage? She will be joined by another 22 top decision makers from competition authorities.

We are pleased to offer our clients and business partners a 30% discount when signing up for the event via the link below.

Learn more and sign up for the event
For further information, please contact Adina Claici

New study: Changed Trading Behaviour in Long Term Power Trading

In our newest study, we assess the drivers behind the growing trend in Power Purchase Agreements (PPAs), what the differences between PPAs and more traditional hedging options are, and whether the growing trend in PPAs has affected the use of these more traditional hedging options.

The findings suggest that the recent development in use of PPAs is driven mainly by new market participants. Further, PPAs are a complementing hedging option to the financial future markets since it provides a hedging option which can be tailored to suit the specific project. As such, the financial future market is primarily used for shorter term hedges up to five years, whereas the PPA market is used for longer term hedges.

Learn more about the study
For further information, please contact Bjarke Modvig Lumby

Thanks to all the speakers and participants of yesterday’s postal web-conference!

Yesterday, we hosted a web-conference on postal, delivery and e-commerce economics and policy. We were very pleased to see more than 300 participants joining from 42 different countries.

We had some interesting discussions around themes on the postal reform, the impact of COVID-19 and State Aid.

Please find the speaker’s presentations and a short summary
For further information, please contact Managing Economist Dr Bruno Basalisco

New study: Trade barriers after Brexit will hurt Danish services exports to the UK, but an EU-UK agreement can limit the negative impacts

In 2018, the value of Danish exports of services to the UK surpassed the exports of goods. This was primarily driven by a surge in Danish installations of offshore wind turbines in UK waters in recent years. The UK is one of the largest trading partners for Danish services trade. In 2019, the UK imported 9% of Denmark’s total exports of services, and the UK represented 11% of Denmark’s total imports of services.

Brexit will lead to an increase in barriers to trade between Denmark and the UK. Some barriers will appear in the short term while others are likely to build up over time, as the UK leaves the EU Single Market which ensures the free movement of goods, services, capital and persons. Increased trade barriers will have a negative impact on Danish services exports to the UK, both from direct barriers to services trade, and indirectly from decreased goods trade which lowers the demand for e.g. shipping and after-sales services.

However, negotiations are ongoing between the EU and the UK to reach an agreement on the future relations. In our report, we analyse the impacts on the Danish service sector’s trade and output in four different scenarios for the future relationship between the EU and UK after Brexit. We find that a far-reaching agreement based on the revised political declaration will limit the negative impact on Denmark’s long-term GDP by 50-75 percent, compared to a “no deal” scenario.

Learn more about the study (in Danish)

For further information, please contact Erik Dahlberg