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What ever happened to Germany? Is the decline of the former European key currency country caused by structural sclerosis or by macroeconomic mismanagement?

Hein, Eckhard; Truger, Achim - EconWPA - 2005

accepted empirical findings. In particular, the explanation is unconvincing, because in international comparison Germany … generous welfare state institutions have driven Germany into its position as „Europe’s sick man“. In general, the view is not … indicators for structural rigidities Germany is not worse than the average OECD or EU country. Moreover, there is a macroeconomic …

Persistent link: https://www.econbiz.de/10005076737

Do probit models help in forecasting turning points of German business cycles?

Fritsche, Ulrich - EconWPA - 2001

In this paper we used a data set constructed for a companion paper (Fritsche/Stephan, 2000) where we explored the leading indicator properties of different time series for the German business cycle. Now we test for the ability of different indicator series to forecast recessions by using a...

Persistent link: https://www.econbiz.de/10005076772

Nascent Necessity and Opportunity Entrepreneurs in Germany. Evidence from the Regional Entrepreneurship Monitor (REM)

Wagner, Joachim - EconWPA - 2005

Using a large recent representative sample of the adult German population this paper demonstrates that nascent necessity and nascent opportunity entrepreneurs are different with respect to some of the characteristics and attitudes considered to be important for becoming a nascent entrepreneur,...

Persistent link: https://www.econbiz.de/10005125730

Transferring Rhineland Capitalism to the Polish-German Border: Perceptions of Bank Governance and Practice in Zgorzelec-Görlitz

Batiz-Lazo, Bernardo; Locke, Robert; Müller, Kristine - EconWPA - 2005

This article looks at the past development and potential of the Rhenish capitalist model. We discuss the origins and nature of the model and the model in crisis. Because, we contend, Rhineland capitalism’s future will be decided in East-Central Europe, we focus – using a survey questionnaire...

Persistent link: https://www.econbiz.de/10005125829

A Heliocentric Journey into Germany's Great Depression

Weder, Mark - EconWPA - 2005

The paper finds empirical evidence on the ripple effect of sunspots on the interwar German economy. It identifies a sequence of negative shocks to expectations for the 1927 to 1932 period. The artificial economy predicts the 1928-1932 depression and a long boom from 1933 onwards. Overall, a...

Persistent link: https://www.econbiz.de/10005125857

Germany's broadband networks - innovation on hold

Heng, Stefan - EconWPA - 2004

The market for information and communication technologies is changing rapidly. Products and applications that used to be completely separate are becoming almost interchangeable. Sweeping change lies ahead in voice and data telephony: the fixed-line telephone network faces new competition from...

Persistent link: https://www.econbiz.de/10005126023

Macroeconomic policies, wage developments, and Germany’s stagnation

Hein, Eckhard; Truger, Achim - EconWPA - 2005

restrictive and sometimes pro- cyclical fiscal policies and overly moderate wage policies in Germany since the mid 1990s. This … Germany urgently needs more expansive fiscal and monetary policies in the short run, and that in the medium run the conditions … for nominal wage growth in Germany according to the sum of long run national productivity growth and the ECB’s inflation …

Persistent link: https://www.econbiz.de/10005126250

Inequality of the Distribution of Personal Wealth in Germany 1973-1998

Hauser, Richard; Stein, Holger - EconWPA - 2004

This paper attempts to define financial globalization as a process whereby financial markets internationally are integrated so closely that they can be considered as a single market. The process, viewed as a by- product of financial liberalization, is only a necessary condition for financial...

Persistent link: https://www.econbiz.de/10005135053

Exports, Foreign Direct Investment, and Productivity: Evidence from German Firm Level Data

Wagner, Joachim - EconWPA - 2005

This paper presents the first empirical test with German establishment level data of a hypothesis derived by Helpman, Melitz and Yeaple in a model that explains the decision of heterogeneous firms to serve foreign markets either trough exports or foreign direct investment: only the more...

Persistent link: https://www.econbiz.de/10005408061

Incumbency Effects in German and British Elections: A Quasi- Experimental Approach

Hainmueller, Jens; Kern, Holger Lutz - EconWPA - 2005

Following the recent turn towards quasi-experimental approaches in the US literature on the incumbency advantage (Lee, 2001; Lee, forthcoming), we employ a Regression Discontinuity Design (RDD) to identify the causal effects of party incumbency in British and German post-World War II elections. The...

Persistent link: https://www.econbiz.de/10005412454