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Subsidization and Structural Change in Eastern German Transition: Did Economic Policy Meet Its Objectives?
Gerling, Katja - Institut für Weltwirtschaft (IfW) - 2000
Economic policy interventions of a scale as effected in eastern Germany can be expected to have a significant impact on the economy, which may be in accordance with the objectives of the policy measures or manifest itself in distortions of several kinds. This paper analyzes the structural...
Persistent link: https://www.econbiz.de/10005755271
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Working-week flexibility: Implications for employment and productivity
Osuna, Victoria - Institut für Weltwirtschaft (IfW) - 2013
This paper evaluates the implications for employment, productivity and wages of allowing for more flexibility in weekly …
Persistent link: https://www.econbiz.de/10010956138
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Whodunnit? Changes in the Relative Demand for Unskilled and Skilled Labor
Schimmelpfennig, Axel - Institut für Weltwirtschaft (IfW) - 1999
. Production is more skill-intensive in the luxury good and the service branch. Consumption expenditure shifts towards the luxury …
Persistent link: https://www.econbiz.de/10005755135
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Evaluating the performance of the search and matching model with sticky wages
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2010
Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … a series of estimated shocks from US data into a search and matching model with sticky prices and wages. I compare the … implications of how the sticky wages enter into the hiring decision, and there seems to be a tradeoff between generating business …
Persistent link: https://www.econbiz.de/10009021626
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On the power and weakness of rational expectations: Logical fallacies, periodic bubbles and business cycles
Gracia, Eduard - Institut für Weltwirtschaft (IfW) - 2012
statistically significant. The aggregate production function in Gracia (Uncertainty and Capacity Constraints: Reconsidering the … Aggregate Production Function, 2011) is then put forward to show how financial fluctuations can drive the business cycle by …
Persistent link: https://www.econbiz.de/10010956093
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The granular nature of the great export collapse in German manufacturing industries, 2008/2009
Wagner, Joachim - Institut für Weltwirtschaft (IfW) - 2012
This paper uses comprehensive high-quality panel data from official statistics for exporting enterprises to investigate the micro-structure of the recent export collapse in manufacturing industries in Germany during the crisis of 2008/2009. Almost all of the decline in exports was due to...
Persistent link: https://www.econbiz.de/10010956149
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A new method for measuring tail exponents of firm size distributions
Fujimoto, Shouji; Ishikawa, Atushi; Mizuno, Takayuki; … - Institut für Weltwirtschaft (IfW) - 2011
We propose a new method for estimating the power-law exponent of a firm size variable, such as annual sales. Our focus is on how to empirically identify a range in which a firm size variable follows a power-law distribution. As is well known, a firm size variable follows a power-law distribution...
Persistent link: https://www.econbiz.de/10009246868
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Distribution of Labour Productivity in Japan over the Period 1996-2006
Souma, Wataru; Ikeda, Yuichi; Iyetomi, Hiroshi; … - Institut für Weltwirtschaft (IfW) - 2009
The distribution of labour productivity is investigated by analyzing the longitudinal micro-level data set which contains detailed financial condition of large numbers of Japanese companies over the period 1996-2006. The generalized beta function of the second kind is applied to explain the...
Persistent link: https://www.econbiz.de/10005059045
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Uncertainty and capacity constraints: reconsidering the aggregate production function
Gracia, Eduard - Institut für Weltwirtschaft (IfW) - 2011
theoretical and empirical basis have long been under question. The purpose of this paper is to build an alternative production … using valueweighted capital aggregates to explain production simply made no sense, and also strengthens the model in this …
Persistent link: https://www.econbiz.de/10009018211
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The endogeneity of the natural rate of growth: An alternative approach
Senay, Acikgöz; Mert, Merter - Institut für Weltwirtschaft (IfW) - 2015
This study estimates and tests the endogeneity of the natural rate of growth using the balance-of-payments consistent rate of growth (BPCRG) instead of the actual rate of growth. Our approach is also theoretically compatible with the one proposed by Thirlwall (2001). Following this idea, we...
Persistent link: https://www.econbiz.de/10011122551