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In this paper we used a data set constructed for a companion paper (Fritsche/Stephan, 2000) where we explored the leading indicator properties of different time series for the German business cycle. Now we test for the ability of different indicator series to forecast recessions by using a...
Persistent link: https://www.econbiz.de/10011434014
-use in newly constructed buildings and how it induces innovation in the residential-building industry. The data used consists …
Persistent link: https://www.econbiz.de/10010259531
The introduction of a common monetary policy in eleven European countries increased the need for leading indicators for that area. A reliable leading indicator should possess the following properties: (1) The movements in the indicator series should resemble those in the business cycle reference...
Persistent link: https://www.econbiz.de/10011433997
Using a binary reference series based on the dating procedure of Artis, Kontolemis and Osborn (1997) different procedures for predicting turning points of the German business cycles were tested. Specifically, a probit model as proposed by Estrella and Mishkin (1997) as well as Markov-switching...
Persistent link: https://www.econbiz.de/10011437017
In this paper R2-type measures of the explanatory power of multivariate linear and categorical probit models proposed in the literature are reviewed and their deficiencies are discussed. It is argued that a measure of the explanatory power should take into account the components which are...
Persistent link: https://www.econbiz.de/10011436274
A simulation study designed to evaluate the pseudo-R2 proposed by Spiess and Keller (1999) suggests that this measure represents the goodness-of-fit not only of the systematic part, but also of the assumed correlation structure in binary panel probit models.
Persistent link: https://www.econbiz.de/10011433609
In a carbon constrained world, at least four classes of greenhouse gas mitigation options are available: Energy efficiency, fuel switching, introduction of carbon dioxide capture and storage along with renewable generating technologies, and reductions in emissions of non-CO2 greenhouse gases....
Persistent link: https://www.econbiz.de/10003779187
Persistent link: https://www.econbiz.de/10002151395
technology affects the efficiency and productivity in innovation of technology acquiring firms. Using the stochastic frontier … analysis combined with a difference-in-difference matching approach and firm-level panel from the German Innovation Survey for … external R&D in innovation production, which is attributed by increasing returns to R&D scale and increasing technical …
Persistent link: https://www.econbiz.de/10009260253
We analyze the link between R&D, innovation, and productivity in MSMEs with a special focus on micro firms with fewer … the probability of reporting innovation, with a larger effect size for product than for process innovations. Moreover …, micro firms benefit in a comparable way from innovation processes as larger firms, as they are similarly able to increase …
Persistent link: https://www.econbiz.de/10011421890