Die nachfolgende Analyse zeigt, in welchem Sinne und in welchen Bereichen die Investitionsentwicklung in Deutschland als "schwach" eingestuft werden kann. Dabei werden die unterschiedlichen Trends auf verschiedenen staatlichen Ebenen und in einzelnen Wirtschaftsbereichen näher herausgearbeitet....

We use a panel of European firms to investigate the relationship between intangible assets and productivity. We disentangle between tfp and technology adoption, while available studies so far have considered only a notion of productivity conflating the two effects. To this aim, we estimate...

This paper tests the Purchasing Power Parity Theory of Exchange Rates dealing with Argentinean data for the period 1900-2006. This is equivalent to testing if the Real Exchange Rate is a stationary variable or if its components (the nominal exchange rate and the relative prices) are...

Risk averse investors have to be compensated in higher expected returns when facing investments with higher risk. Education is an important investment therefore we use the results for 16 countries to test the positive relationship between return to education and the risk involved in this...

This paper assesses the potential of "workplace training" with reference to German Apprenticeship. When occupational matching is important, we derive conditions under which firms provide "optimal" training packages. Since the German system broadly meets these conditions, we evaluate the...

This paper explores the connection between education and wage inequality in nine European countries. We exploit the quantile regression technique to calculate returns to lower secondary, upper secondary and tertiary education at different points of the wage distribution. We find that returns to...

Este estudio estimó la forma funcional de producción cafetera en Colombia mediante fronteras estocásticas (FEP). Con esto, se analizó la importancia de los principales insumos empleados en la producción de café (cantidad de hectáreas cultivadas, mano de obra utilizada, maquinaria...

In this paper I examine the Okun–Friedman hypothesis of the link between inflation and inflation uncertainty using historical international data on the monthly CPI. An indicator of inflation uncertainty at the two-years-ahead horizon is derived from a time-series model of inflation with...

This paper looks at potential implications emerging from including shares as a control variable in fixed effect estimations. By shares I refer to the ratio of a sum of units over another, such as the share of immigrants in a city or school. As will be shown in this paper, a logarithmic...

We investigate the case for Bordeaux and Rhone wine as an investment. The raw data analysed comprises of approx. 335,000 observations of wine sales prices and is analysed using the repeat sales regression method. General Red Bordeaux and Rhone wine indices are constructed for the period January...