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Does Public Scientific Research Complement Industry R&D Investment? The Case of NIH Supported Basic and Clinical Research and Pharmaceutical Industry R&D

Toole, Andrew A. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005

This research investigates the hypothesis that publicly funded scientific research complements private R&D investment in the pharmaceutical industry. New microlevel data on public research investment by the U.S. National Institutes of Health allow measures of basic and clinical research in seven...

Persistent link: https://www.econbiz.de/10005097919

Are there financing constraints for R&D and investment in German manufacturing firms?

Harhoff, Dietmar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1996

Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to cash flow for relatively small firms. Much of this...

Persistent link: https://www.econbiz.de/10008567560

Intangible assets and firm-level productivity

Crass, Dirk; Peters, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

Firms invest huge amounts into intangible assets. This paper explores to which extent different kinds of intangible assets are conducive to firm-level productivity. Our study contributes to the literature by simultaneously comparing productivity effects of innovative capital, human capital,...

Persistent link: https://www.econbiz.de/10011122562

Direct democracy and local public finances under cooperative federalism

Asatryan, Zareh; Baskaran, Thushyanthan; Grigoriadis, … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

This paper exploits the introduction of the right of referenda at the local level in the German state of Bavaria in 1995 to study the fiscal effects of direct democracy. In the first part of the paper, we establish the relationship between referenda activity and fiscal performance by using a new...

Persistent link: https://www.econbiz.de/10010957619

The effect of direct democracy on the level and structure of local taxes

Asatryan, Zareh; Baskaran, Thushyanthan; Heinemann, … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

We study the effect of direct democracy on local taxation. Our setting is the German federal state of Bavaria, where in 1995 a state-wide referendum introduced the possibility to initiate direct democratic legislation into the local government code. Relying on a sample of all Bavarian...

Persistent link: https://www.econbiz.de/10010957669

The indirect effects of direct democracy: Local government size and non-budgetary voter initiatives

Asatryan, Zareh - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

Recently a wide and empirically-backed consensus has emerged arguing that direct democratic control over government's spending decisions through initiatives and referenda constrains government size. But what happens if budgetary matters are excluded from the voters' right of the initiative? I...

Persistent link: https://www.econbiz.de/10010957753

Institutions and unemployment: Do interactions matter?

Sachs, Andreas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

categories on unemployment have been extensively discussed in the empirical literature. However, interaction effects between … explanatory power of macroeconomic models explaining unemployment. The approach permits to tackle model specification problems …

Persistent link: https://www.econbiz.de/10009323188

Human capital creates insider power

Muysken, Joan; Zwick, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999

This paper demonstrates that insiders can erect barriers to entry and skim rents by sinking costs in human capital when labour markets are otherwise perfectly contestable. The sunk costs nature of human capital investments may result from the need to satisfy ever increasing specialised skill...

Persistent link: https://www.econbiz.de/10005097961

Skill wage premia, employment, and cohort effects: are workers in Germany all of the same type?

Fitzenberger, Bernd; Kohn, Karsten - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

-specific unemployment rates in 1997. The required nominal wage reductions range from 8.8 to 12.2% and are the higher the lower the employees …

Persistent link: https://www.econbiz.de/10005098021

Skill Biased Technological Change and Endogenous Benefits: The Dynamics of Unemployment and Wage Inequality

Weiss, Matthias; Garloff, Alfred - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005

In this paper, we study the effect of skill-biased technological change on unemployment when benefits are linked to the …, unemployment rises. More generally, we show that skill-biased technological change leads to increasing unemployment of the … inequality and unemployment under different social benefits regimes: Analyzing the social legislation in 14 countries, we find …

Persistent link: https://www.econbiz.de/10005098232