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A Panel Data Analysis on China's Intra-Industry Trade in the Capital Goods Sector
Zhu, Yiping - 2009
exist between the estimation results of TIIT and VIIT. …
Persistent link: https://www.econbiz.de/10010271398
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A Control Group Study of Incubators’ Impact to Promote Firm Survival
Schwartz, Michael - 2010
It is widely unclear as to whether start-up firms supported by publicly-initiated incubator initiatives have higher survival rates than comparable start-up firms that have not received support by such initiatives. This paper contributes to the underlying discussion by performing an empirical...
Persistent link: https://www.econbiz.de/10010271399
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Did the Crisis Affect Potential Output?
El-Shagi, Makram - 2010
Conventional Phillips-curve models that are used to estimate the output gap detect a substantial decline in potential output due to the present crisis. Using a multivariate state space model, we show that this result does not hold if the long run role of excess liquidity (that we estimate...
Persistent link: https://www.econbiz.de/10010271405
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Inflation Expectations: Does the Market Beat Professional Forecasts?
El-Shagi, Makram - 2009
The present paper compares expected inflation to (econometric) inflation forecasts based on a number of forecasting techniques from the literature using a panel of ten industrialized countries during the period of 1988 to 2007. To capture expected inflation we develop a recursive filtering...
Persistent link: https://www.econbiz.de/10010271410
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Money and Inflation: The Role of Persistent Velocity Movements
El-Shagi, Makram; Giesen, Sebastian - 2010
While the long run relation between money and inflation is well established, empirical evidence on the adjustment to the long run equilibrium is very heterogeneous. In the present paper we use a multivariate state space framework, that substantially expands the traditional vector error...
Persistent link: https://www.econbiz.de/10010271412
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Entrepreneurial human Capital, complementary assets, and takeover probability
Braun, Thorsten V.; Krispin, Sebastian; Lehmann, Erik E. - 2009
Gaining access to technologies, competencies, and knowledge is observed as one of the major motives for corporate mergers and acquisitions. In this paper we show that a knowledge-based firm's probability of being a takeover target is influenced by whether relevant specific human capital aimed...
Persistent link: https://www.econbiz.de/10010271448
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Public provision, commodity demand and hours of work: An empirical analysis
Pirttilä, Jukka; Suoniemi, Ilpo - 2010
Atkinson and Stiglitz (Journal of Public Economics 1976) show that when the government has access to non-linear income … information on commodity demand, the use of public services and hours of work. When labour income is controlled for in a semi …-parametric way, we find that capital income and housing expenses are negatively associated with hours of work, whereas the use of …
Persistent link: https://www.econbiz.de/10010271453
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Does size matter? Economies of scale in the German mutual fund industry
Mauerer, Raimond; Schaefer, Alexander - 2009
In this paper, we analyze economies of scale for German mutual fund complexes. Using 2002-2005 data of 41 investment management companies, we specify a hedonic translog cost function. Applying a fixed effects regression on a one-way error component model there is clear evidence of significant...
Persistent link: https://www.econbiz.de/10010271457
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The responses of taxable income induced by tax cuts: Empirical evidence from the German taxpayer panel
Gottfried, Peter; Witczak, Daniela - 2009
The elasticity of taxable income has gained increasing attention as a fiscal policy parameter. This paper provides … panel data set to analyze the taxable income response to tax rate changes in 2004 which were part of an extensive reform … income effects however are mostly small or insignificant. The results vary when dividing taxpayers by income type and group. …
Persistent link: https://www.econbiz.de/10010271463
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The impact of horizontal and vertical FDI on labor demand for different skill groups
Mattes, Anselm - 2009
This paper analyzes the determinants and effects of firm-level FDI flows on the basis of German micro-level data. Concering the determinants of FDI, I differentiate between different target regions and motivations for FDI (market seeking/horizontal FDI versus cost reducing/vertical FDI). The...
Persistent link: https://www.econbiz.de/10010271468