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In this paper, substitutional relationships between capital, labour, material, electricity, and fossil fuels in German … the Morishima elasticity of substitution, labour and capital are substitutes in all sectors. Labour is generally a …
Persistent link: https://www.econbiz.de/10011444715
This paper examines the effects that purchased services and imported intermediate materials have on the labour demand … output and capital growth are more important in explaining the demand for heterogeneous labour than substitution effects … between labour and non-labour inputs. Similarly, the increasing use of both imported materials and purchased services is …
Persistent link: https://www.econbiz.de/10011445002
This paper suggests that exchange rates are related to economic fundamentals over medium-term horizons, such as a month or longer. We find from a large panel of individual professionals' forecasts that good exchange rate forecasts benefit from the proper understanding of fundamentals,...
Persistent link: https://www.econbiz.de/10009374424
(MIV) für verschiedene Technologien, Fahrsituationen und alle Regionen in Deutschland berechnet. Dabei ist das Ziel der …) generiert. Die wichtigsten Faktoren für diese hohen regionalen Unterschiede sind der vorherrschende Südwestwind in Deutschland … Bevölkerungsdichte in der Fläche über Deutschland und weite Teile Europas. Die Untersuchung wird abgerundet durch die Abschätzung der …
Persistent link: https://www.econbiz.de/10011445161
-term forecasting the production function approachin terms of predictive performance. For this purpose, a forecast evaluation for the … three to five years ahead predictions of GDP growth for the individual G7 countries is conducted. To carry out the forecast …
Persistent link: https://www.econbiz.de/10003582516
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...
Persistent link: https://www.econbiz.de/10009424712
realizations. Moderate filters based on forecast accuracy over short rolling windows are somewhat successful in improving …
Persistent link: https://www.econbiz.de/10010511233
employees are lower even six years after the unemployment spell. If those with non-employment spells re-enter the labour market …
Persistent link: https://www.econbiz.de/10003728393
Labour market reforms that are designed to stimulate labour supply at the lower end of the wage distribution can never … be precisely restricted to affect only the target group. Spillovers to and feedback from other segments of the labour … labour markets becomes therefore an important issue for the assessment of reforms. We analyse the possible interactions …
Persistent link: https://www.econbiz.de/10003728424
Using data from the German Socio-Economic Panel for the years 2000 to 2006 we analyze the determinants and labor market effects of educational dropout. In addition to classical variables like family background and occupation, we examine noncognitive skills and Internet use. Noncognitive skills...
Persistent link: https://www.econbiz.de/10003728547