This volume was prepared by Inga Heiland while she was working at the Ifo Institute. It was completed in July 2016 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It comprises five chapters addressing one or more aspects of international trade and...

This paper evaluates the impact of idiosyncratic productivity shocks to individual firms on aggregate output. Two sources of firm-level heterogeneity contribute to aggregate fluctuations: (i) asymmetries in supplier-buyer relationships and (ii) the skewed distribution of sales to final demand....

We provide an analysis of corporate governance networks implied by members of board of directors of 319 companies listed in Istanbul Stock Exchange (ISE) for the year 2007. Our configuration yields a bipartite network for which we provide small world statistics in addition to the usual measures...

Technologische Neuerungen versprechen die Lösung drängender technisch-sozialer Probleme, aber auch wirtschaftliches Wachstum und sozialen Wohlstand in den zunehmend wissensgetriebenen Ökonomien der OECD-Welt. Die beiden Fälle Biotechnologie (bzw. Gentechnik) und Elektromobilität...

This paper analyzes the emergence of systemic risk in a network model of interconnected bank balance sheets. Given a shock to asset values of one or several banks, systemic risk in the form of multiple bank defaults depends on the strength of balance sheets and asset market liquidity. The price...

Although the area of innovation economics dates back to the early twentieth century with the seminal contributions of Schumpeter (1911), it is only recently that governments have understood the role of a comprehensive approach towards public sector economics that puts innovation systems in the...

When managing information technology (IT) infrastructure investments, companies traditionally try to evaluate the monetary costs and benefits of this information system (IS) or seek to implement prudent IT governance structures. However, when collective, cooperation-specific investments in...

We identify the connections between financial institutions from different sectors of the financial industry based on joint extreme movements in credit default swap (CDS) spreads. First, we estimate pairwise co-crash probabilities (CCP) to identify significant connections among 193 international...

Dieses Paper fasst die ersten Ergebnisse des Forschungsprojektes Wissenstransfer in Deutsch-Türkischen Innovationsnetzwerke (TGIN) im Kontext der Europäischen Union zusammen. TGIN eröffnet eine neue Perspektive auf die deutsch-türkische Beziehungen, indem es die ökonomischen Win-Win...

Globalisation and the advent of information and communication technology (ICT) change the role of spatial distance in innovation activities. Geographical proximity used to be seen as a necessary condition to share tacit knowledge and to enhance trust between innovators; now this approach is...