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This paper suggests a quantifiable multi-sector-multi-country economic model of goods and services production and consumption. It calibrates overall (variable and fixed) costs to market-specific sales by sector and decomposes these costs into observable and unobservable components. In an...
Persistent link: https://www.econbiz.de/10011945050
Recent innovation literature has documented the benefits of cross-pollination of ideas across a wide set of industries …
Persistent link: https://www.econbiz.de/10012150167
capital for firms worldwide on three particularly export-oriented industry sectors in Germany. Second, the impact of this …
Persistent link: https://www.econbiz.de/10009509091
Patent renewal studies reveal a highly rightward-skewed distribution of patent values. Our approach elicits valuations approximating those of the patented invention. This paper focuses on the full-term patents of the application year 1977 held by West German and U.S. residents. The tail of...
Persistent link: https://www.econbiz.de/10011417839
We draw on two decades of historical data to analyze how regional labor markets in West Germany adjusted to one of the …, similar in magnitude to the refugee inflow that Germany is experiencing today, also reduce native income losses markedly but …
Persistent link: https://www.econbiz.de/10011452756
Persistent link: https://www.econbiz.de/10010464925
Persistent link: https://www.econbiz.de/10001646494
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012215285
How does a negative labor demand shock impact fertility? I analyze this question in the context of the East German fertility decline after the fall of the Berlin Wall in 1989. I exploit differential pressure for restructuring across East German industries which led to unexpected, exogenous, and...
Persistent link: https://www.econbiz.de/10011899160
first few quarters. This combination resulted in a major increase of imports from the main trading partners of West Germany … in other countries leading to a feedback on Germany. The paper provides a short overview over the basic model. The … modelling approach and estimation results for the trade submodels are presented in some detail and simmulation results for the …
Persistent link: https://www.econbiz.de/10013428333