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The political economy of public investment when population is aging : a panel cointegration analysis

Jäger, Philipp; Schmidt, Torsten - 2015

aging on public investment. Moreover, the estimation of an error correction model reveals long-run Granger causality running … exclusively from aging to investment. Our results are robust to the inclusion of additional control variables typically considered …

Persistent link: https://www.econbiz.de/10010519083

Quasi-experimental methods in empirical regional science and policy analysis : is there a scope for application?

Mitze, Timo; Paloyo, Alfredo R.; Alecke, Björn - 2012

revolution has yet to fully propagate to the field of regional science. We examine the scope for application of the matching … the matching approach is very appealing due to its methodological rigor and didactical clarity, we faced difficulties in … structural characteristics. Thus, results have to be interpreted with some caution. The matching approach nevertheless can be of …

Persistent link: https://www.econbiz.de/10009669444

Practice and prospects of medium-term economic forecasting

Hofer, Helmut; Schmidt, Torsten; Weyerstrass, Klaus - 2010

Government agencies and other national and international institutions are asked to perform forecasts over the medium term. In particular, the EU Stability and Growth Pact contains the obligation to formulate stability programmes over four years, covering a general economic outlook as well as the...

Persistent link: https://www.econbiz.de/10003950892

Trade-FDI linkages in a system of gravity equations for German regional data

Mitze, Timo (contributor); Alecke, Björn (contributor); … - 2009

We analyse the nature of German trade-FDI linkages within the EU27 based on a simultaneous equation gravity approach for imports, exports, in- and outward FDI stocks. We adopt both a Hausman-Taylor (1981) IV approach (3SLS-GMM) and rival non-IV estimation (the system extension to the Fixed...

Persistent link: https://www.econbiz.de/10003811780

Demographic change and the labour share of income

Schmidt, Torsten; Vosen, Simeon - 2010

Despite similar levels of per capita income, education, and technology the development of labour shares in OECD countries has displayed different patterns since 1960. The paper examines the role of demography in this regard. Employing an overlapping generations model we first examine the...

Persistent link: https://www.econbiz.de/10003929142

Long-run trends or short-run fluctuations : what establishes the correlation between oil and food prices?

Krätschell, Karoline; Schmidt, Torsten - 2012

In this paper we use the frequency domain Granger causality test of Breitung/Candelon (2006) to analyse short- and long-run causality between energy prices and prices of food commodities. We find that the oil price Granger causes all the considered food prices. However, when controlling for...

Persistent link: https://www.econbiz.de/10009580087

Oil price effects on land use competition : an empirical analysis

Diermeier, Matthias; Schmidt, Torsten - 2012

The increasing use of food commodities for biofuel production has substantial impact on prices and quantities of these and other food commodities. It is therefore likely that this trend also intensifies the competition for arable land. However, evidence for this hypothesis is generated by...

Persistent link: https://www.econbiz.de/10009580156

It's the debt-growth nexus again : evidence from a long panel of regional-government liabilities

Mitze, Timo; Matz, Florian - 2013

In this paper, we study the long- and short-run relationship between regional public debt and economic performance for a sample of German federal states over the period of four decades (1970-2010). By choosing a sample of regional entities with comparable institutional settings, we complement...

Persistent link: https://www.econbiz.de/10009722453

EU structural funds and regional income convergence : a sobering experience

Breidenbach, Philipp; Mitze, Timo; Schmidt, Christoph M. - 2016

The European Structural and Investment Funds (ESIF) are the prime instrument of EU regional policy. European policy makers place considerable hope into their growth stimulating funding measures to overcome current economic stagnation. Consequently, there is a strong need for credible evidence...

Persistent link: https://www.econbiz.de/10011440788

Network dependency in migration flows : a space-time analysis for Germany since re-unification

Mitze, Timo - 2010

The contribution of this paper is to analyse the role of network interdependencies in a dynamic panel data model for German internal migration flows since re-unification. So far, a capacious account of spatial patterns in German migration data is still missing in the empirical literature. In the...

Persistent link: https://www.econbiz.de/10008933287