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Comparison of Methods for Constructing Joint Confidence Bands for Impulse Response Functions

In vector autoregressive analyses, confidence intervals for individual impulse responses are typically reported in order to indicate the sampling uncertainty in the estimation results. Various methods are reviewed, and a new method for the construction of joint confidence bands, given a prespecified coverage level, for the impulse responses at all horizons considered simultaneously, is proposed. The ...

A Solution Concept for Network Games: The Role of Multilateral Interactions

We propose an allocation rule that takes into account the importance of both players and their links and characterize it for a fixed network. Our characterization is along the lines of the characterization of the Position value for Network games by van den Nouweland and Slikker (2012). The allocation rule so defined admits multilateral interactions among the players through their links which distinguishes ...

Local Day Care Quality and Maternal Employment: Evidence from East and West Germany

By investigating how locally available early childhood education and care quality relates to maternal employment choices, this study extends the literature, which mostly has focused on the importance of day care availability or costs. The authors provide differentiated analyses by the youngest child's age and for West and East Germany to examine moderating influences, such as work-care cultures, in ...

Chinese Renewable Energy Technology Exports: The Role of Policy, Innovation and Markets

Chinese companies have become major technology producers, with the largest shares of their output exported. This paper examines the development of solar PV and wind energy technology component (WETC) exports from China and the competitive position of the country‘s renewable energy industry. We also describe the government’s renewable energy policy and its success in renewable electricity generation ...

Business Cycles, Unemployment and Entrepreneurial Entry: Evidence from Germany

We investigate whether people are more willing to become self-employed during boom periods or during recessions and to what extent business cycles and unemployment levels influence entries into entrepreneurship. Our analysis for Germany reveals that there is a positive relationship between unemployment rates and start-up activities. Moreover, new business formation is higher during recessions than ...

Evaluating Renewable Portfolio Standards for In-State Renewable Deployment: Accounting for Policy Heterogeneity

Renewable portfolio standards (RPS) are the most common state-level policies for promoting renewable electricity in the United States. State RPS policies are heterogeneously designed, particularly with respect to their use of flexibility mechanisms that allow obligations to be met with renewable energy generated in other states. However, the renewable energy that is produced within an RPS-enacting ...

Unbundling the Incumbent: Evidence from UK Broadband

We consider the impact of a regulatory process forcing an incumbent telecom operator to make its local broadband network available to other companies (local loop unbundling, or LLU). Entrants are then able to upgrade their individual lines and offer Internet services directly to customers. Employing a very detailed data set covering the whole of the United Kingdom, we find that, over the course of ...

Qualifikationsspezifische Übergänge aus befristeter Beschäftigung am Erwerbsanfang - zwischen Screening und Flexibilisierung

In der vorliegenden Studie werden die Folgen befristeter Beschäftigung am Anfang der Erwerbskarriere für unterschiedliche Qualifikationsgruppen in Deutschland zwischen 1984 und 2010 untersucht. Dazu werden auf Basis der 8. Etappe des Nationalen Bildungspanels (NEPS-E8) Übergänge aus befristeten Erstbeschäftigungen mittels ereignisdatenanalytischer Methoden untersucht. Wie sich zeigt, hängen die Chancen ...

Why Did Self-Employment Increase so Strongly in Germany?

Secular Changes in Late-Life Cognition and Well-Being: Towards a Long Bright Future with a Short Brisk Ending?

How sociocultural contexts shape individual functioning is of prime interest for psychological inquiry. Secular increases favoring later-born cohorts in fluid intelligence measures are widely documented for young adults. In the current study, we quantified such trends in old age using data from highly comparable participants living in a narrowly defined geographical area and examined whether these ...