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Referierte Aufsätze Web of Science
The effects of intergovernmental fiscal arrangements on variation in regional economic growth are analyzed for Russia, a country with large cross-regional differences and considerable fiscal redistribution. Moreover, fiscal reforms implemented in the first half of the 2000s, which to some extent followed scientific advice, make analysis of this case particularly interesting. We observe that postreform ...
In:
Eastern European Economics
49 (2011), 2, S. 5-29
| Lev Freinkman, Konstantin A. Kholodilin,Ulrich Thießen
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Referierte Aufsätze Web of Science
In this paper we investigate the causal effect of years of schooling on health and health-related behavior in West Germany. We apply an instrumental variables approach using as natural experiments several changes in compulsory schooling laws between 1949 and 1969. These law changes generate exogenous variation in years of schooling both across states and over time. We find evidence for a strong and ...
In:
Journal of Health Economics
30 (2011), 2, S. 340-354
| Daniel Kemptner, Hendrik Jürges, Steffen Reinhold
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Referierte Aufsätze Web of Science
We examined measurement invariance and age-related robustness of a short 15-item Big Five Inventory (BFI-S) of personality dimensions, which is well suited for applications in large-scale multidisciplinary surveys. The BFI-S was assessed in three different interviewing conditions: computer-assisted or paper-assisted face-to-face interviewing, computer-assisted telephone interviewing, and a self-administered ...
In:
Behavior Research Methods
43 (2011), 2, S. 548-567
| Frieder R. Lang, Dennis John, Oliver Lüdtke, Jürgen Schupp, Gert G. Wagner
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Referierte Aufsätze Web of Science
This paper examines the importance of different economic sentiments for the Central and Eastern European countries (CEECs) during the transition process. We first analyze the importance of economic confidence with respect to the CEECs' financial markets. Since the integration of formerly strongly-regulated markets into global markets can also lead to an increase in the dependence of the CEECs' economies ...
In:
Review of International Economics
19 (2011), 1, S. 137-157
| Joscha Beckmann, Ansgar Belke, Michael Kühl
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Referierte Aufsätze Web of Science
This paper estimates a trivariate VAR-GARCH(1,1)-in-mean model to examine linkages between the stock markets of three Central and Eastern European countries (CEECs), specifically the Czech Republic, Hungary, and Poland, and both the UK and Russia. The adopted framework allows to analyze interdependence by estimating volatility spillovers, and also contagion by testing for possible shifts in the transmission ...
In:
Review of International Economics
19 (2011), 1, S. 158-169
| Guglielmo Maria Caporale, Nicola Spagnolo
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Referierte Aufsätze Web of Science
We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our aim is to assess whether "old" and "new" EU countries are rated differently and to determine whether "new" ones areassigned lower ratings, ceteris paribus, than "old" ones. We find that country-specific factors (in the form of heterogeneous intercepts) are a crucial determinant of ratings. ...
In:
Review of International Economics
19 (2011), 1, S. 189-206
| Guglielmo Maria Caporale, Roman Matousek, Chris Stewart
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Referierte Aufsätze Web of Science
We develop a duopoly model with advertising supported platforms and analyze incentives of a superior firm to license its advanced technologies to an inferior rival. We highlight the role of two technologies characteristic for media platforms: the technology to produce content and to place advertisements. Licensing incentives are driven solely by indirect network effects arising from the aversion of ...
In:
The B.E. Journal of Economic Analysis & Policy
11 (2011), 1, S. 1-49
| Geza Sapi, Irina Suleymanova
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Referierte Aufsätze Web of Science
We use a quantitative electricity market model to analyze the welfare effects of refunding a share of the emission trading proceeds to support renewable energy technologies that are subject to experience effects. We compare effects of supporting renewable energies under both perfect and oligopolistic competition with competitive fringe firms and emission trading regimes that achieve 70 and 80% emission ...
In:
Utilities Policy
19 (2011), 1, S. 33-41
| Thure Traber, Claudia Kemfert
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Referierte Aufsätze Web of Science
In this paper I evaluate the effect of student aid on the success of academic studies. I focus on two dimensions, the duration of study and the probability of actually graduating with a degree. To determine the impact of financial student aid, I estimate a discrete-time duration model allowing for competing risks to account for different exit states (graduation and dropout) using individual level panel ...
In:
Economics of Education Review
30 (2011), 1, S. 177-190
| Daniela Glocker
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Referierte Aufsätze Web of Science
This paper provides an overview of the existing systems of natural hazard insurance in Europe, their structural characteristics and peculiarities. It also discusses the difficulties of adaptation of these systems to climate change and the growing number of natural disasters. Using Germany, Austria and Switzerland as examples, the paper demonstrates that based on the status quo, the Swiss monopoly insurance ...
In:
Environmental Policy and Governance
21 (2011), 1, S. 14-30
| Reimund Schwarze, Manijeh Schwindt, Hannelore Weck-Hannemann, Paul Raschky, Ferdinand Zahn, Gert G. Wagner