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We scrutinize the role of capital flows for competitiveness in seven euro-area countries in the context of real convergence and crisis with a specific focus on Greece. The paper extends the seminal Balassa-Samuelson model to include international capital markets. Capital flows are assumed to be...
Persistent link: https://www.econbiz.de/10011350203
The recent process of political and economic transformation in eastern European countries has not only contributed to the decentralisation of political structure but also significantly enhanced the fiscal autonomy of municipalities in these countries. In this context many similar types of public...
Persistent link: https://www.econbiz.de/10011398112
and also for exchange rates of the Czech Republic, Hungary, Poland and Slovakia from 1999 to 2004. Our results confirm the …
Persistent link: https://www.econbiz.de/10003113302
management team's age has a significant negative effect on innovation. The General Manager's tenure plays a significant positive …Understanding the factors that may produce a sustained rate of innovation is important for promoting economic … development and growth. In this paper, we examine the role of human capital in firms' innovation by using a large sample of …
Persistent link: https://www.econbiz.de/10011615502
satisfaction, though only for some time, whereas the impact of exogenously triggered job changes is ambiguous. Risk aversion … interacts negatively with this effect in life satisfaction. Analysing time-use data and well-being indicators for various areas … of life, we find evidence that involuntary job mobility turns out to be harmful for satisfaction with family life. By …
Persistent link: https://www.econbiz.de/10011482693
Germany. We examine two subdimensions of subjective well-being - life satisfaction and emotional well-being - separately to … obtain a more comprehensive view of the subjective impact of workfare jobs. Our results show that the life satisfaction of …
Persistent link: https://www.econbiz.de/10011280847
higher satisfaction with free time, while time spent on hobbies increases to a lesser extent than home production …. Additionally, satisfaction with family life increases, which may be a hidden benefit of being unemployed. In contrast, satisfaction …
Persistent link: https://www.econbiz.de/10011688216
the satisfaction differences between work-linked and non-work-linked partners. Using data from the German Socio …-Economic Panel (SOEP, 2019), we estimate the effect of working in the same occupation and/or industry on life satisfaction as well as … satisfaction with four areas of life: income, work, family and leisure. In the process, we employ pooled OLS estimations and …
Persistent link: https://www.econbiz.de/10012499522
We study the causal impact of invalidating marginally valid patents during post-grant opposition at the European Patent Office on affected inventors' subsequent patenting. We exploit exogenous variation in invalidation by leveraging the participation of a patent's original examiner in the...
Persistent link: https://www.econbiz.de/10011996418
and decay of clusters of creativity? We match data on notable individuals born in Europe between the XIth and the XIXth …
Persistent link: https://www.econbiz.de/10012495140