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The Phillips Curve: (In)stability, the role of credit, and implications for potential output measurement
Schleer, Frauke; Kappler, Marcus - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
The path of output prior to the financial and economic crisis turned out to be not sustainable and lower than previously estimated in some European crisis countries. Specifically, the output gaps have been underestimated (and inversely potential output overestimated) before the recent crisis. It...
Persistent link: https://www.econbiz.de/10010957684
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The Impact of Trust on Reforms
Heinemann, Friedrich; Tanz, Benjamin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
In a constantly changing economic environment a country's ability to undertake institutional reforms is crucial to maintain economic growth and to promote the welfare of its citizens. A wide range of determinants for institutional reforms have been identified. However, the impact of trust on...
Persistent link: https://www.econbiz.de/10005098067
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A macroeconomic model for the evaluation of labor market reforms
Krebs, Tom; Scheffel, Martin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
We develop a tractable macroeconomic model with employment risk and labor market search in order evaluate the effects of labor market reform on unemployment, growth, and welfare. The model has a large number of risk-averse households who can invest in risk-free physical capital and risky human...
Persistent link: https://www.econbiz.de/10008646450
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Economic Development and CO2 Emissions: A Nonparametric Panel Approach
Azomahou, Théophile; Laisney, François; van Phu, Nguyen - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
We examine the empirical relation between CO2 emissions per capita and GDP per capita during the period 1960-1996, using a panel of 100 countries. Relying on the nonparametric poolability test of Baltagi et al. (1996), we find evidence of structural stability of the relationship. We then specify...
Persistent link: https://www.econbiz.de/10005097768
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Institutional investment in Central and Eastern Europe: investment criteria of Western portfolio managers
Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999
This study provides detailed evidence on the transistion state of Central and Eastern Europe (CEE) countries. It draws on data from a survey conducted among portfolio managers of Western investment funds thereby making use of the knowledge of experts in CEE markets. The approach of the study is...
Persistent link: https://www.econbiz.de/10005098367
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Vote buying or (political) business (cycles) as usual?
Aidt, Toke; Asatryan, Zareh; Badalyan, Lusine; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2015
We provide new evidence on the short-run effect of elections on monetary aggregates. We study month-to-month fluctuations in the growth rate of M1 in a sample of 85 low and middle income democracies from 1975 to 2009. The evidence shows an increase in the growth rate of M1 during election months...
Persistent link: https://www.econbiz.de/10011203169
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Innovationsindikatoren Chemie 2016: Studie im Auftrag des Verbands der Chemischen Industrie e.V.
2016
[Innovation in Chemistry & the Chemical Industry in Germany] The chemical industry is one of the key sectors in the … German innovation system. Being devoted to research and innovation, the chemical industry is leading the development and … industries build their innovative efforts. The innovation performance of the chemical industry in Germany can be demonstrated by …
Persistent link: https://www.econbiz.de/10011564726
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Intermediate input markets, ICT and innovation in Germany: A firm level analysis
Cerquera, Daniel; Klein, Gordon J. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
This paper studies the impact of the adoption of ICT on the economic performance at the firm level, considering explicitly the interaction of adopting firms within the intermediate input market in Germany. The paper identifies and quantifies the importance of adoption externalities and knowledge...
Persistent link: https://www.econbiz.de/10010957582
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The impact on innovation off-shoring on organizational adaptability
Baier, Elisabeth; Rammer, Christian; Schuber, Torben - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
We analyze the effects of captive off-shoring of innovation activities on the firms' ability to adapt their … Community Innovation Survey to test our hypotheses. We find an inverted u-shape of innovation off-shoring on the effectiveness … of organizational adaptability, implying an optimal threshold value of innovation off-shoring. This value is 11% for …
Persistent link: https://www.econbiz.de/10010957583
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Do trademarks diminish the substitutability of products in innovative knowledge-intensive services?
Crass, Dirk; Schwiebacher, Franz - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
Trademarks are often supposed to reduce substitutability and imitability of product innovations. Using German CIS data for 2010, we provide empirical evidence that trademarking firms assess easy product substitutability as less characteristic for their competitive environment. This is...
Persistent link: https://www.econbiz.de/10010957593