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Product Policy and the East-West Productivity Gap: Evidence from German Manufacturing Firms
Görzig, Bernd; Gornig, Martin; Voshage, Ramona; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
international division of labour. We concentrate on the question, to what extent they have caught up with the productivity level of … their Western counterparts of similar size and sector and how this productivity difference is related to changes in their … policy and productivity information for individual manufacturers from both parts of the country. Using a decomposition …
Persistent link: https://www.econbiz.de/10008527282
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The Private Equity Premium Puzzle Revisited: New Evidence on the Role of Heterogeneous Risk Attitudes
Fossen, Frank M. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
The empirical finding that entrepreneurs tend to invest a large share of their wealth in their own firms despite comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence supporting the hypothesis that lower risk aversion of...
Persistent link: https://www.econbiz.de/10005068887
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Understanding the Contributions of Reallocation to Productivity Growth: Lessons from a Comparative Firm-Level Analysis
Brown, J. David; Earle, John S. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
aggregate productivity growth during the socialist and reform periods in six transition economies. Modifying a standard … decomposition technique to better reflect the role of firm entry, we find that reallocation rates and productivity contributions are … very low under socialism. After reforms, they rise dramatically, and productivity contributions greatly exceed those …
Persistent link: https://www.econbiz.de/10005071141
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Employment Generation in Rural Africa: Mid-Term Results from an Experimental Evaluation of the Youth Opportunities Program in Northern Uganda
Blattman, Christopher; Fiala, Nathan; Martinez, Sebastian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012
Can cash transfers promote employment and reduce poverty in rural Africa? Will lower youth unemployment and poverty reduce the risk of social instability? We experimentally evaluate one of Uganda's largest development programs, which provided thousands of young people nearly unconditional,...
Persistent link: https://www.econbiz.de/10010538865
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Foreign Bank Presence and Its Effect on Firm Entry and Exit in Transition Economies
Havrylchyk, Olena - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
This study investigates the impact of foreign bank penetration in Central and Eastern Europe on firm entry. We demonstrate that the acquisition of domestic banks by foreign investors has led to reduced firm creation, smaller average size of entrants and increased firm exit in opaque industries...
Persistent link: https://www.econbiz.de/10010783951
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Mortgage Market Maturity and Homeownership Inequality among Young Households: A Five-Country Perspective
Bicakova, Alena; Sierminska, Eva - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
This paper uses the newly constructed Luxembourg Wealth Study data to document cross-country variation in homeownership rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and relate it to cross-country differences in mortgage...
Persistent link: https://www.econbiz.de/10005069036
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Foreign Bank Presence and Its Effect on Firm Entry and Exit in Transition Economies
Havrylchyk, Olena - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
This study investigates the impact of foreign bank penetration in Central and Eastern Europe on firm entry. We demonstrate that the acquisition of domestic banks by foreign investors has led to reduced firm creation, smaller average size of entrants and increased firm exit in opaque industries...
Persistent link: https://www.econbiz.de/10010661281
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Intangibles, Can They Explain the Dispersion in Return Rates?
Görzig, Bernd; Gornig, Martin - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
It is argued that the observed return rates on capital at firm-level have an upward bias if firms are producing with unobserved intangible capital. Using EUKLEED, a comprehensive firm level data base for Germany, this theoretical preposition is proved empirically. Furthermore, making unobserved...
Persistent link: https://www.econbiz.de/10008530631
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Regional Patterns of Intangible Capital, Agglomeration Effects and Localised Spillovers in Germany
Geppert, Kurt; Neumann, Anne - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
We use a large micro-dataset to assess the importance of intangible capital - organisation, R&D and ICT capital - for the economic performance of establishments and regions in Germany. In 2003 self-produced intangible capital accounted for more than one fifth of the total capital stock of...
Persistent link: https://www.econbiz.de/10008869170
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Intellectual Property Rights and Innovation around the World: Evidence from Panel Data
Léger, Andréanne - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007
This article contributes to the literature on innovation and development by identifying the determinants of innovation, and the role of intellectual property rights, in industrialized and developing countries. Controlling for sample selection, I find that, in general, the level of intellectual...
Persistent link: https://www.econbiz.de/10005068675