exogenous to firms export performance. We find that innovation attributable to this variation leads to an increase of roughly 7 … percentage points in the export share of German manufacturing firms. The evidence is robust to several alternative specifications …

first clarify the logic of applying cointegration methods to the RERI and propose an alternative way of testing the …

Germany using an unprecedentedly comprehensive fiscal dataset for the time period from 1950 to 2011 for West German Laender …-run relation between expenditures and revenues in a cointegration analysis within each Land. The results provide evidence against …

The view that high unemployment in West Germany and other European countries is caused by a path dependence effect - or … is argued that in a cointegration framework it is reasonable to define hysteresis as the absence of weak exogeneity of … the explanatory variables. Building on a cointeg ration model of the employment rate in West Germany, I find only weak …

between the capitalization of the banking sector and bank loans using panel cointegration models. We study the evolution of …. -- bank capital ; business loans ; cointegration …

, the adjusted data offer a weaker evidence on the cointegration relationship between a) the sectoral output indexes, b …

default. Due to a multitude of large scale events in its past, Germany is far from being an exception: In fact, Germany … Germany's public finances against the standard theoretical background using a unique database, retrieved from multiple sources … historical perception of Germany as the poster child of European public finance. Given these corresponding breaks in time series …

newly compiled database covering the years 1950 - 2011. Unlike previous studies on Germany, we analyze fiscal sustainability … by applying "gsecond generation" panel cointegration techniques. A unique identification strategy for the selection of … sub-panels improves the robustness of panel cointegration tests and reveals that Laender finances are hardly sustainable. …