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Public Sector Centralization and Productivity Growth: Reviewing the German Experience
Stegarescu, Dan; Büttner, Thiess; Behnisch, Alexej - 2002
The paper examines the role of the vertical structure of the public sector for economic growth in Germany in a long?term perspective. A theoretical model shows that, due to spillover effects of public service provision across lower level governments, federal government activities could have...
Persistent link: https://www.econbiz.de/10010298118
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Words speak louder than actions: The impact of politics on economic performance
Osterloh, Steffen - 2010
In this paper, a new approach to disclose the impact of politics on economic growth is presented: we use data derived from content analysis of party manifestos as measures of party preferences. In a panel of 23 OECD countries, we detect a positive impact of party support for various...
Persistent link: https://www.econbiz.de/10010303002
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Environmental taxation and structural change in an open economy: a CGE analysis with imperfect competition and free entry
Böhringer, Christoph; Welsch, Heinz; Löschel, Andreas - 2001
The economic effects of environmental taxes depend on the market structure. Under imperfect competition with free entry and exit, environmental taxes have an impact on economies of scale by changing the number and size of firms. Whether economies of scale rise or fall in a particular industry...
Persistent link: https://www.econbiz.de/10010297742
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Loan availability and investment: Can innovative companies better cope with loan denials?
Mueller, Elisabeth; Reize, Frank - 2010
This study examines the consequences of loan denials for the investment performance of small and medium-sized German … investment than non-innovative companies. The non-randomness of loan denials is controlled for with a selection equation …
Persistent link: https://www.econbiz.de/10010300385
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Strategic complementarities between different types of ICT-expenditures
Kaiser, Ulrich - 2003
Multivariate Tobit models are estimated using German cross?sectional data to test whether strategic complementarities exist between expenditures in four different types of ICT?components. If two ICT?components are complements, they are correlated (provided that agents act rationally)....
Persistent link: https://www.econbiz.de/10010297297
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Comparing Investment and Employment Specialisation Patterns of EU Regions
Stirböck, Claudia - 2004
This study analyses relative sectoral specialisation of EU regions on the basis of investment and employment patterns …
Persistent link: https://www.econbiz.de/10010297368
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Underdiversification in Private Companies: Required Returns and Incentive Effects
Müller, Elisabeth - 2004
effort. The results have important consequences for investment decisions at private companies. …
Persistent link: https://www.econbiz.de/10010297370
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Konzernsteuerquote und Invesitionsverhalten
Becker, Johannes; Fuest, Clemens; Spengel, Christoph - 2005
Kapitalmarktorientierte Unternehmen in Deutschland orientieren sich in zunehmendem Maße an der Konzernsteuerquote. Diese unterscheidet sich in wesentlichen Aspekten von den in der Forschung gängigen Maßen der effektiven Besteuerung, die auf dem neoklassischen Investitionsmodell basieren. Dies...
Persistent link: https://www.econbiz.de/10010297439
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Does Public Scientific Research Complement Industry R&D Investment? The Case of NIH Supported Basic and Clinical Research and Pharmaceutical Industry R&D
Toole, Andrew A. - 2005
This research investigates the hypothesis that publicly funded scientific research complements private R&D investment … in the pharmaceutical industry. New microlevel data on public research investment by the U.S. National Institutes of … explaining pharmaceutical R&D investment. Using a panel of therapeutic classes observed over eighteen years, the analysis finds …
Persistent link: https://www.econbiz.de/10010297487
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Robust GMM Estimation of an Euler Equation Investment Model with German Firm Level Panel Data
Janz, Norbert - 1997
applied to an Euler equation model of firm investment behaviour with imperfectly competitive product markets for a small panel … constants are provided. Whereas the estimation results from the usual GMM estimator would contradict the theory, the empirical …
Persistent link: https://www.econbiz.de/10010297550