The changes in the financial structures of West German industrial enterprises have been investigated in Größl/Stahlecker/Wohlers (2001). The empirical analysis confirmed the hypothesis that small and medium-sized enterprises are confronted with higher - and even rising - financial risks than...

In this study, we suggest an explanation for the low growth rates of real housing prices in Canada and Germany in comparison to other OECD countries over the period 1975–2005. We show that the long-run development of housing markets is determined by real disposable percapita income, the real...

In empirical studies often the values of some variables for some observations are much larger or smaller than the values for the other observations in the sample. These extreme observations, or outliers, often have a large impact on the results of statistical analyses. Conclusions based on a...

The paper analyses the relationship between health and education in a two period human capital framework. The resulting substitution and investment effects between health and advanced training work in opposite direction and leave open questions for the empirical part. As econometric model we use...

Our paper presents new estimates of matching functions on partial labor markets. We used extensive data, ranging from 1982 to 2003, which results in new insights, extending the knowledge obtained by former empirical studies. We also used the extended time series data to validate model...

In this paper, unique data from the Swiss National Bank on foreign direct investment (FD1) of Swiss firms, disaggregated according to recipient country and industrial sector for the years 1985 to 1997 are analysed for the first time. The analysis is performed on an aggregate, country-wide level...

International financial integration has become an important factor for economic performance in the globalisation process. Access to international capital markets is crucial for a country’s ability to meet its financial needs and to keep up with the challenges of a changing global landscape. In...

Mirror data are observations of bilateral variables such as trade from one country to another, reported by both countries. The efficient estimation of a bilateral variable from its mirror data, for example when compiling consistent international trade statistics, requires information about the...

The traditional Gross Domestic Product (GDP) reflects the money value of the annual economic output produced by the domestic industries' employees. Thus, the GDP fully accounts for paid work. In contrast, unpaid work remains unconsidered. However, measured in time units, unpaid work clearly...