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There is a large literature on the role infrastructure plays in economic development, but few papers document the causal effect of infrastructure on the sustainability of natural resources. We examine the effect of the arrival of two new national highways on ground water levels in a small...
Persistent link: https://www.econbiz.de/10014340125
Achieving compatibility between economies and planetary boundaries poses a momentous challenge. It requires a fundamental restructuring of current industrial systems, with a dual focus on the creation and protection of green technologies and firms, as well as the redirection of workers and...
Persistent link: https://www.econbiz.de/10014382585
This paper investigates a unique policy designed to maintain employment during the privatization of East German firms after the fall of the Iron Curtain. The policy required new owners of the firms to commit to employment targets, with penalties for non-compliance. Using a dynamic model, we...
Persistent link: https://www.econbiz.de/10014384451
Persistent link: https://www.econbiz.de/10014434133
This paper analyses economic developments in the Eurozone since its inception in 1999. In doing so, we document a process of economic divergence and polarization among those countries that joined the Eurozone during its first two years, which fits a typical 'core - periphery' pattern. We show...
Persistent link: https://www.econbiz.de/10011714694
This paper analyses economic developments in the Eurozone over the period 1999-2016 by developing a theoretical framework that traces divergent path developments across Eurozone countries to the times before the financial crisis. We argue that macroeconomic divergence between core and periphery...
Persistent link: https://www.econbiz.de/10011779943
We develop a labor demand model that encompasses pre‑match hiring cost arising from tight labor markets. Through the lens of the model, we study the effect of labor market tightness on firms' labor demand by applying novel Bartik instruments to the universe of administrative employment data on...
Persistent link: https://www.econbiz.de/10014462148
Persistent link: https://www.econbiz.de/10014248323
Persistent link: https://www.econbiz.de/10014281505
This paper investigates a unique policy designed to maintain employment during the privatization of East German firms after the fall of the Iron Curtain. The policy required new owners of the firms to commit to employment targets, with penalties for non-compliance. Using a dynamic model, we...
Persistent link: https://www.econbiz.de/10014334573