In this paper, the application of two different unobserved factor models to a data set from Estonia is presented. The small-scale state-space model used by Stock and Watson (1991) and the large-scale static principal components model used by Stock and Watson (2002) are employed to derive common...

The ‘greening’ of manufacturing firms has created new markets for environmental producer services. Environmental service providers from industrialised countries are more and more forced to internationalise, often due to the international activities of their client firms or to an insufficient...

Territoriality is mostly discussed as the political competence to exert control on a certain space, in particular with regard to the nation state. Globalization and European Integration have initiated some debate on this understanding, but cross-cross-border cooperation has rarely been linked to...

Das im Herbst 2010 vorgestellte Klimakonzept der Bundesregierung hat eine heftige Kontroverse über die Wirtschaftlichkeit energetischer Gebäudesanierungen nach sich gezogen. Der vorliegende Beitrag greift den Aspekt unterschiedlicher Eigentümerstrukturen im Mehrfamilienhausbereich auf und...

The paper presents an analysis of the trade-offs of participants of different type between payment delay and liquidity requirement on the basis of synthetically generated data. The generation of the synthetic transaction data set for a simple RTGS system is described and calibrated using real...

This paper investigates the effect of housing companiesí firm size on the outcome of energetic refurbishment. We argue that economies of scale, economies of scope and effects of learning should have an impact on the production of energy efficient housing services. To test our hypothesis, we use...