Industrial policy is back on the agenda and the consensus is that it must be different "this time" from the past. We redefine industrial policy for industrialised countries as a strategy to promote "high-road competitiveness", understood as the ability of an economy to achieve "Beyond-GDP"'...

We combine information from a job-seeker survey and two sources of administrative data to shed light on the job search behaviour and job search success of the unemployed. Our particular focus is on the way the Public Employment Service (AMS) shapes job search effort and outcomes in terms of the...

To address the relationship between innovation and competition we jointly estimate the opportunity, production, and impact functions of innovation in a simultaneous system. Based on Swiss micro-data, we apply a 3-SLS system estimation. The findings confirm a robust inverted-U relationship, in...

The availability of affordable institutional child-care is increasingly discussed as an important determinant of the labour force participation of parents, particularly of mothers. This paper examines the impact of child-care costs on the employment rates of mothers with children younger than 15...

We ask how two reforms of migration law (EEA accession in 1994 and the integration agreement regulation in 2003) impacted on the education structure of migrants to Austria. To identify the effects of these reforms, we use the fact that EEA accession affected only migrants from EEA countries,...

The deepening of the debt crisis in the euro area is due to three systemic causes which national governments are not able to overcome on their own. First, being members of a monetary union euro states cannot reverse the rise in public debt (caused by the financial crisis 2008) through...

Nowadays, modelling long-term money demand is largely unambiguous. There is a vast amount of empirical evidence concerning a cointegrating relationship between money demand, some kind of interest rate and income. In contrast to this, short-run dynamics are still opaque. In the existing...

This paper aims to complement work done within the WIOD project (the "World Input Output Database" project financed by the EU's Seventh Framework Programme), which compiled supply and use tables for 40 countries, covering about 85 percent of the world economy. The paper describes the derivation...

This paper shows that applying simple employment-weighted OLS estimation to Davis – Haltiwanger – Schuh (1996) firm level job creation rates taking the values 2 and –2 for entering and exiting firms, respectively, provides biased and inconsistent parameter estimates. Consequently, we argue...

This paper proposes a cumulative error correction model where the summing weights follow a geometrically decreasing function of prior deviations from equilibrium and are estimated from the data. It is shown that this approach is located in between the traditional error correction model – where...