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Referierte Aufsätze Web of Science
This paper empirically analyzes whether the character-based approach, which focuses on the personality structure and the human capital of business founders, allows prediction of entrepreneurial success. A unique data set is used consisting of 414 persons whose personal characteristics were analyzed by different methods, namely an one-day assessment center (AC) and a standardized questionnaire, before ...
In:
Kyklos
61 (2008), 2, S. 189-214
| Marco Caliendo, Alexander S. Kritikos
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Referierte Aufsätze Web of Science
The positive impacts of an increasing share of renewable energy on the mitigation of climate change as well as on the decrease of the dependency of energy imports are indisputable. However, one persistent problem for the German economy has been its high level of unemployment in the recent past. Therefore, any policy strategy will be measured also by its net impact on the labor market. The paper describes ...
In:
Energy Policy
36 (2008), 1, S. 108-117
| Ulrike Lehr, Joachim Nitsch, Marlene Kratzat, Christian Lutz, Dietmar Edler
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Referierte Aufsätze Web of Science
A.F. Siegel (1995) has developed a technique with which the systematic risk of a security (beta) can be estimated without recourse to historical capital market data. Instead, beta is estimated implicity from the current market prices of exchange options that enable the exchange of a security against shares on the market index. Because this type of exchange options is not currently traded on the capital ...
In:
The Journal of Futures Markets
27 (2007), 10, S. 961-979
| Sven Husmann, Andreas Stephan
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Referierte Aufsätze Web of Science
We use nonparametric production-frontier methods to decompose the growth of labor productivity of Chinese provinces in the post-reform period. These techniques, combined with kernel density estimates, allow us to decompose the shift in the distribution of labor productivity without the need for many assumptions common in the empirical growth literature. We find that (1) the distribution of output per ...
In:
Journal of Macroeconomics
29 (2007), 3, S. 569-594
| Daniel J. Henderson, Kiril Tochkov, Oleg Badunenko
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Referierte Aufsätze Web of Science
In the aftermath of Germany's reunification, redesigning their product range was a major challenge for East-German enterprises. At the same time, there were growing signs that Western enterprises reacted to globalization and European integration by increasingly pursuing strategies of specialization. Using representative micro data from Germany's system of register based, official firm surveys, this ...
In:
Jahrbücher für Nationalökonomie und Statistik
227 (2007), 2, S. 168-186
| Bernd Görzig, Martin Gornig, Axel Werwatz
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Referierte Aufsätze Web of Science
We present a new estimate of Anglo-German manufacturing productivity levels for 1935/36. It is based on archival data on German manufacturing and published British census data. We calculate comparative levels of value added, correcting for differences in prices for outputs and inputs. This so-called double deflation procedure provides new insights into productivity comparisons because output- and input ...
In:
The Journal of Economic History
67 (2007), 2, S. 350-378
| Rainer Fremdling, Herman De Jong, Marcel P. Timmer
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Referierte Aufsätze Web of Science
A new method for constructing R&D capital stocks is proposed and tested. Following Schumpeter, the development of R&D capital stocks is modelled as a process of creative destruction. Newly generated knowledge is assumed not only to add to the existing R&D capital stocks but also, by displacing old knowledge, to destroy part of that capital. This is in stark contrast to the perpetual inventory method, ...
In:
Applied Economics
39 (2007), 2, S.179-189
| Jürgen Bitzer, Andreas Stephan
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Referierte Aufsätze Web of Science
This paper allows for endogenous costs in the estimation of price cost margins. In particular, we estimate price-cost margins when firms bargain over wages. We extent the standard two-equation set-up (demand and first-order condition in the product market) to include a third equation, which is derived from bargaining over wages. In this way, price-cost margins are determined by wages and vice versa. ...
In:
The Journal of Industrial Economics
54 (2006), 3, S. 351-368
| Damien J. Neven, Lars-Hendrik Röller, Zhentang Zhang
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Referierte Aufsätze Web of Science
This paper presents results from a field study on voluntary contributions for an information public good provided via the Internet (an electronic newsletter for authors). Whereas the standard private provision model predicts that individuals contribute less if other individuals contribute more, we find that readers are more likely to pay the more they expect others to give. This result is consistent ...
In:
Information Economics and Policy
18 (2006), 2, S. 229-239
| Rainald Borck, Björn Frank, Julio R. Robledo
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Referierte Aufsätze Web of Science
The authors assess the political economy determinants of budget deficit forecast errors. Their econometric analysis indicates that Eurozone governments have manipulated deficit forecasts before elections since the introduction of the Stability and Growth Pact. The left-right position and the institutional design of governments also affect the quality of deficit forecasts.
In:
Kyklos
59 (2006), 1, S. 3-15
| Tilman Brück, Andreas Stephan