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Productivity and the product scope of multi-product firms : a test of Feenstra-Ma

Raff, Horst; Wagner, Joachim - 2012 - This version: December 7, 2012

firms always have a higher market share, there is no monotonic relationship between firms' productivity level and their … effect". Therefore, the incentive to add more products weakens as productivity rises. This leads to Lemma 3 in Feenstra and … evidence is in line with the results from the theoretical model. -- multi-product firms ; productivity ; optimal product scope …

Persistent link: https://www.econbiz.de/10009672241

(Un-)Sustinability of public finances in German Laender : a panel time series approach

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2015

This paper provides evidence that most German states (Laender) have unsustainable public finances by exploiting a newly compiled database covering the years 1950‐2011. Although the Laender are closely intertwined we are the first to apply “second generation” panel techniques that control...

Persistent link: https://www.econbiz.de/10011404634

The German "debt brake" : success factors and challenges

Feld, Lars P.; Reuter, Wolf Heinrich - 2021 - Final draft, Version: 16 June 2021

Germany introduced a new fiscal rule, the ‘debt brake’, after the Global Financial Crisis and since then experienced a strong decline in its public debt to GDP ratio until the coronavirus pandemic struck. The past ten years and the reaction to the current crisis in Germany illustrate the...

Persistent link: https://www.econbiz.de/10012549653

Share of exports to low-income countries, productivity, and innovation : a replication study with firm-level data from six European countries

Wagner, Joachim - 2015 - This version: July 21, 2015

manufacturing firms. First, there is a negative correlation between firms' productivity and their export share to low … found between the share of exports to lowincome countries and either productivity or R&D intensity is never in line with the …

Persistent link: https://www.econbiz.de/10011298736

Low-productive exporters are high-quality exporters : evidence from Germany

Wagner, Joachim - 2014 - This version: February 6, 2014

-exporters. However, many firms from the lower end of the productivity distribution are exporters. Germany is a case in point. A recent … study reports that these low-productivity exporters are not marginal exporters defined according to the share of exports in … exports is much higher among exporters from the lower end of the productivity distribution than among highly productive …

Persistent link: https://www.econbiz.de/10010239335

Do party ties increase transfer receipts in cooperative federalism? : evidence from Germany

Bury, Yannick; Feld, Lars P.; Köhler, Ekkehard A. - 2022 - This version: 22nd August 2022

Cooperative fiscal federalism needs a multi-level consent to decide on the allocation of intergovernmental transfers. We study how parliamentary representation of municipalities on the federal level influences the allocation of federal transfers to municipal governments under this type of...

Persistent link: https://www.econbiz.de/10013399870

Ordoliberalism, pragmatism and the eurozone crisis : how the German tradition shaped economic policy in Europe

Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2015

German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper analysis of ordoliberal thinking reveals that the...

Persistent link: https://www.econbiz.de/10011280050

Fiscal sustainability of the German Laender : time series evidence

Burret, Heiko T.; Feld, Lars P.; Köhler, Ekkehard A. - 2015

We analyze the sustainability of public finances in the 16 states (Laender) of the Federal Republic of Germany using an unprecedentedly comprehensive fiscal dataset covering the period from 1950 to 2011 for West German Laender and from 1991 to 2011 for East German Laender. As we apply unit root...

Persistent link: https://www.econbiz.de/10011404648

Freiheitliche Wirtschaftspolitik ist Ordnungspolitik : 15. Berliner Rede zur Freiheit

Feld, Lars P. - 2021 - Überarbeitete schriftliche Fassung der 15. Berliner Rede zur Freiheit, gehalten am 19. April 2021, diese Fassung: 24. Mai 2021

Die Corona-Krise wirkt wie ein Brandbeschleuniger in der Diskussion um das Ausmaß staatlichen Einflusses in der Sozialen Marktwirtschaft. Soll sich der Staat in Deutschland und Europa stärker steuernd in das Wirtschaftsgeschehen einmischen oder wird es vielmehr Zeit, den Marktmechanismen...

Persistent link: https://www.econbiz.de/10012516300

Modeling fiscal sustainability in dynamic macro-panels with heterogeneous effects : evidence from German federal states

Feld, Lars P.; Köhler, Ekkehard A.; Wolfinger, Julia - 2018

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/10011811360