Am 17. und 18. März 2005 findet in der britischen Botschaft in Berlin die diesjährige "CESifo International Spring Conference" statt. Am ersten Tag werden die wirtschaftlichen Perspektiven wichtiger Weltregionen behandelt. Im Mittelpunkt des zweiten Tages steht die konjunkturelle Entwicklung...

Bereits in den ersten Jahren dieses Jahrzehnts hat sich der Tiefbau gut entwickelt. Nach den Prognosen der Euroconstruct-Institute sind die Aussichten für die Jahre 2006 bis 2008 sogar noch besser: Der gesamte europäische Tiefbaumarkt wuchs 2005 um 1,7%. In diesem Jahr gehen die Schätzungen...

Seit der Jahrtausendwende wird in Deutschland die im internationalen Vergleich schwache Investitionsentwicklung beklagt. Allerdings wird in der Diskussion häufig nur die nominale Investitionsquote betrachtet, d.h. der Anteil der nominalen Investitionen am nominalen Bruttoinlandsprodukt. Hierin...

Principle-agent theory suggests managers might under-invest into R&D for reasons of risk tied to project failure, such as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying higher remuneration, power and prestige. Using a sample...

This paper analyses the level of relative specialisation in terms of gross fixed capital formation in EU regions for the period between 1985 and 1994. Controlling for heteroscedasticity and potential endogeneity problems, we get consistent econometric results. Larger market and regional sizes...

Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mobility in the sense of Feldstein and Horioka (FH) can limit the negative consequences of shocks affecting the saving capacity of an economy in the Eurozone. It is the aim of this paper to assess...

In this paper the impact of the corporate tax systems of the 15 EU-member states on the investment and the financing decision of an US multinational corporation is analysed. The calculation of the resulting effective marginal tax rates (EMTR) closely follow the model of King and Fullerton. There...

This paper employs firm-level panel data of 57 incumbent and entrant firms for 23 European countries in the decade from 2003 to 2012. We examine the impact of service- and facility-based competition on firm-level investment as well as the strategic effects underlying infrastructure investment...