Despite high economic growth during the last decades, China is still vulnerable to shocks arising from industrial states. The advanced economies determine Chinese export performance, with subsequent effects on output growth. Using a production function approach, this paper examines to which...

This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...

Ifo-Indikatoren werden auf ihre Vorlaufeigenschaften, auf Granger-Kausalität, die Stabilität der Vorlaufbeziehung und einen Strukturbruch untersucht. Da die Ifo-Reihen noch nicht auf die neue Gliederung der amtlichen Statistik (WZ 93) umgestellt wurden, wird erstmals die Eignung der...

There is a vast empirical literature investigating the effects of child care costs on female employment. Day care costs are usually treated as a reduction in female wages, which is supposed to negatively affect a woman's propensity to participate in the labor market. In this paper, we argue that...

In 1997 GDP per capita in East Germany was 57% of that of West Germany, wage rates were 75% of western levels, and the unemployment rate was at least double the western rate of 7.8%. One would expect that if capital flows and trade in goods failed to bring convergence, labor flows would respond,...

Empirical evidence from several countries reveals that self-rated health is a valid predictor of mortality. So far, there have been no studies conducted for Germany. Using data from the German Socio-Economic Panel Study (GSOEP) we confirm the relationship between self-rated health and mortality...

The conditions under which European monetary policy is likely to be conducted are investigated by means of multi-variate time series modelling using aggregated data of all eleven European Monetary Union member states. A cointegration analysis identifies two stable long-run relationships, one of...