This paper studies the sectoral and geographical dimensions of the response of bank lending to sectoral growth. We use several bank-level datasets provided by the Deutsche Bundesbank for the 1996-2002 period. Our results show that bank heterogeneity affects how lending responds to domestic...

We analyze the performance of firms in the German business-related services sector. A quarterly business survey provides the panel data base of our study. Firm performance is measured by the survey respondents? ordinal indication of their changes in total sales. We use a firstorder Markov chain...

Entwicklungspartner für innovative Fahrzeuge, Spezialist mit unverwechselbarem Produktions-Know-how oder austauschbarer Teilfertiger - welche dieser prognostizierten Entwicklungsoptionen trifft die aktuelle Situation der Zulieferindustrie am ehesten? Die Realität lässt sich wie so häufig...