, our estimation also takes into account the “treatment effects on the untreated”. This estimation enables us to assess …, sowie Daten des „Panel de Innovación Tecnológica (PITEC)“ aus Spanien. Insgesamt umfasst die Stichprobe 9790 Beobachtungen …

case of ARGARCH models, the approximation process chosen in this paper shows a better estimation of the stock price … development based on autoregressive models and, thus, more robust estimation results for the reaction to a regulatory change … because of the national process of governments’ adjustments. Thus, the estimation results provide evidence that companies …

to initiate adequate investment incentives. Using a two-equation estimation approach, a direct competition effect (more … still found, the estimation results confirm the idea of asymmetric substitutability between telecommunication …

of petrol price changes in Austria, Germany, France and Spain can be explained by changes in allowances prices (between …