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countries around the world, including Canada, Japan, Korea, Mexico, Norway, Switzerland, Turkey and possibly the United States …
Persistent link: https://www.econbiz.de/10012619413
default. Due to a multitude of large scale events in its past, Germany is far from being an exception: In fact, Germany … Germany's public finances against the standard theoretical background using a unique database, retrieved from multiple sources … historical perception of Germany as the poster child of European public finance. Given these corresponding breaks in time series …
Persistent link: https://www.econbiz.de/10009709423
process. Our main finding is that city growth in western Germany did not follow a random walk, while city growth in eastern … Germany did follow a random walk. Different post-war economic systems are most likely responsible for this outcome. …
Persistent link: https://www.econbiz.de/10011514015
newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability …
Persistent link: https://www.econbiz.de/10010388585
Germany using an unprecedentedly comprehensive fiscal dataset for the time period from 1950 to 2011 for West German Laender …
Persistent link: https://www.econbiz.de/10010388609
-unification Germany. We find support for a spatial wage structure for German city-district wages, and hence indirectly for the relevance … of a new economic geography model for Germany. We also find that demand linkages in Germany are strongly localised and … that the old border still matters to the extent that economic interactions between western and eastern Germany are still …
Persistent link: https://www.econbiz.de/10009780204
In this paper, we extend Henning Bohn's (2008) fiscal sustainability test by allowing for slope heterogeneity and cross-sectional dependence (CD). In particular, our econometric approach is the first that allows fiscal reaction functions (FRF) to capture unobserved heterogeneous effects from...
Persistent link: https://www.econbiz.de/10011822075