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Reducing institutional rigidities in product and labour markets is key to lowering unemployment. The impact of such labour and product market reforms, however, depends crucially on the country-specific regulatory framework. In this paper, we estimate the country-specific impact of changes in six...
Persistent link: https://www.econbiz.de/10009762785
This paper analyzes the relationship of ownership concentration and firm performance in the context of different institutional environments in 28 Central and Eastern European transition economies. Using the BEEPS data for the period from 2002 to 2009 we find an inverted u-shaped relation of...
Persistent link: https://www.econbiz.de/10008746140
We focus on the influence of institutional variables on business cycle synchronisation for 20 OECD countries from 1979 to 2003. More precisely, this paper derives measures for similarity of institutions and structural reforms, and investigates direct and delayed reform effects on synchronisation...
Persistent link: https://www.econbiz.de/10003813977
The aim of this paper is to construct an indicator of potential growth for developed countries using the insights of the theoretical and empirical growth literature. The Pooled Mean Group Estimator of Pesaran, Shin and Smith (1999) that employs a panel data technique is used. This estimator is...
Persistent link: https://www.econbiz.de/10002590847
Labor and product market regulations affect the unemployment rate of a country without doubt. Econometricians, however, have yet to establish an unequivocal significance of this impact. Model mis-specification, one of the main underlying problems, is overcome by adopting a Bayesian Model...
Persistent link: https://www.econbiz.de/10008652532
This paper analyzes the role of labor market institutions for youth unemployment, as contrasted to total unemployment. The empirical results are basically consistent with an insider view of labor market institutions. Labor market institutions tend to protect (older) employees but might harm...
Persistent link: https://www.econbiz.de/10010416202
analysis by juxtaposing the "economic" view inherent in Gene Grossman's work on "Japan's Innovation and Trade" with the …
Persistent link: https://www.econbiz.de/10011447859
Isolated effects of labor and product market institutions as well as the interaction between both aforementioned categories on unemployment have been extensively discussed in the empirical literature. However, interaction effects between individual labor market institutions have been widely...
Persistent link: https://www.econbiz.de/10009298928
This paper aims to shed light on the role of technological opportunities for green innovation by studying the case of … Green ICT innovation. We test two hypotheses: (1) Firms active in low-opportunity technological areas are less innovative … do so, we construct a firm-level panel data set for the years 1992-2009 combining patent data from the European Patent …
Persistent link: https://www.econbiz.de/10011436068
This paper analyzes externalities of patent box regimes in Europe. Tax reductions in foreign affiliates of a firm that … specific characteristics of patent box regimes, we show that patent box regimes without nexus requirements for tax …-efficient reallocation of patent profits induce positive spillovers within multinational groups. The implementation of a patent box in a …
Persistent link: https://www.econbiz.de/10011558129