uncertainty. Workers are afraid in those periods of losing their sunk and necessary human capital investments. They weigh the …

ignoring a potential national perspective may lead to a serious bias in the estimation of ECB reaction functions. The paper …

occurrence of shocks and hysteresis effects, the (mis-)measurement of important variables such as in ation expectations …, cointegration issues, and a time variability of the NAIRU and its confidence intervals. Despite many serious caveats a new attempt …

The relationship between individual firms’ export behaviour and firm performance has been studied extensively in the …-exporting companies, using the firms’ export status as a binary treatment variable and comparing the performance of exporting and non … individual firms’ export behaviour. Instead of a binary treatment variable, the GPS method allows for continuous treatment, that …

In this paper we analyse the relationship between export and innovation activities of German service sector companies … Schumpeterian hypothesis of export activities being mainly driven by innovation activities. Factor endowment theories are only … partially supported. While human capital significantly improves export performance, labour costs hamper it only in selected …

between the two sales modes most frequently used by the sampled exporters: direct exports and exporting via an intermediary …. The estimation results confirm the importance of the firm’s physical and intangible resources as well as the influence of …