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The impact of monetary instruments on shock absorption in EU-countries
Müller, Claudia; Buscher, Herbert S. - 1999
The main characteristic of the implementation of the European Monetary Union (EMU) is the transition from various national currencies to the Euro, the common European currency. A final fixing of the individual bilateral exchange rates of all European countries involved in the Monetary Union...
Persistent link: https://www.econbiz.de/10011442518
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The use of SME tax incentives in the European Union
Bergner, Sören Martin; Bräutigam, Rainer; Evers, … - 2017
This paper discusses the impact and the appropriateness of tax incentives for small and medium-sized enterprises (SMEs …) in the European Union. First, we provide a survey of implemented tax incentives specifically targeted at SMEs in the 28 … regimes, however, only marginally reduce the tax liability of SMEs. If major reliefs are available, they mostly stem from …
Persistent link: https://www.econbiz.de/10011591958
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Employment effects of innovations over the business cycle : firm-level evidence from European countries
Dachs, Bernhard; Hud, Martin; Koehler, Christian; … - 2016
losses are significantly lower in recessions than those of non-product innovators. Third, we only find resilience for SMEs …
Persistent link: https://www.econbiz.de/10011563081
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Innovation, creative destruction and structural change : firm-level evidence from European Countries
Dachs, Bernhard; Hud, Martin; Köhler, Christian; … - 2016
The shift of employment from lower to higher productive firms is an important driver for structural change and industry dynamics. We investigate this reallocation in terms of employment gains and losses from innovation. New employment created by product innovation may be offset by employment...
Persistent link: https://www.econbiz.de/10011563084
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The fall and rise of market power in Europe
Weche, John P.; Wambach, Achim - 2018
This paper presents an analysis of the recent developments of average market power in Europe by using a broad firm-level database for EU member states. To indicate competitive pressure at the firm-level, markups are estimated following De Loecker (2011), and De Loecker and Warzynski (2012). The...
Persistent link: https://www.econbiz.de/10011782951
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Rejecting capital-skill complementarity at all costs
Frondel, Manuel; Schmidt, Christoph M. - 2001
Any serious empirical study of factor substitutability has to allow the data to display complementarity as well as substitutability. The standard approach reflecting this idea is a translog specification - this is also the approach used by numerous studies analyzing the relative capital-skill...
Persistent link: https://www.econbiz.de/10011446167
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The empirical assessment of technology differences : comparing the comparable
Frondel, Manuel; Schmidt, Christoph M. - 2002
This paper compares technologies across space and time on the basis of factual and counterfactual substitution elasticities and argues that differences in estimated substitution elasticities should be decomposed into two counterfactual components. While the first component is designed to...
Persistent link: https://www.econbiz.de/10011447707
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Assessing voluntary commitments : monitoring is not enough!
Böhringer, Christoph; Frondel, Manuel - 2002
This paper deals with a special type of voluntary approach to protect the environment, for example, that we would like to term voluntary commitment. Its major characteristic is that it represents a unilateral declaration without a decisively active role of regulators. In other words, voluntary...
Persistent link: https://www.econbiz.de/10011447631
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Readdressing the trade effect of the Euro : allowing for currency misalignment
Hogrefe, Jan; Jung, Benjamin; Kohler, Wilhelm - 2010
We know that euro-area member countries have absorbed asymmetric shocks in ways that are inconsistent with a common nominal anchor. Based on a reformulation of the gravity model that allows for such bilateral misalignment, we disentangle the conventional trade cost channel and trade effects...
Persistent link: https://www.econbiz.de/10003961504
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European Monetary Union reform preferences of French and German parliamentarians
Blesse, Sebastian; Boyer, Pierre C.; Heinemann, Friedrich; … - 2017
This study analyzes results from an original survey of members of the French and German parliaments (Assemblée Nationale, Sénat and Bundestag) on economic policies and institutions of the Eurozone. We find that French politicians are significantly more supportive of Eurobonds, a European...
Persistent link: https://www.econbiz.de/10011754032