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 … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …

model is used to assess this development. In particular, estimation results for investment and employment adjustment after … this paper to cover also unified Germany. The results reveal that the adjustment of investment and employment can be … a breakdown of production and employment followed by a slow recovery starting in 1992. In this paper, a macroeconometric …

There is a growing concern about collective wage agreement and employment dynamics in Germany. In this paper, evidence … is provided on the way collective wage agreements affect the adjustment of working hours, employment and other production … factors when firms from the service sector are faced with demand shocks. The estimation results indicate that collective wage …

Total employment in Germany is supposed to increase if people could realize their desired working hours. However, this …