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Referierte Aufsätze Web of Science
We investigate the impact of measures of uncertainty on firms' capital investment behavior using a panel of U.S. firms. Increases in firm-specific and CAPM-based measures have a significant negative effect on investment spending, while market-based uncertainty has a positive impact
In:
Economics Letters
98 (2008), 3, S. 282-287
| Christopher F. Baum, Mustafa Caglayan, Oleksandr Talavera
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Referierte Aufsätze Web of Science
Using probabilistic expectations data from the German Socio-Economic Panel, we establish a link between self-reported expectations of occupational mobility and preferences for redistribution. Our results provide new evidence on the validity of the "prospect of upward mobility" hypothesis. (
In:
Economics Letters
99 (2008), 3, S. 449-453
| Helmut Rainer, Thomas Siedler
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Referierte Aufsätze Web of Science
During the two decades between 1980 and 2000, there was no clear overall trend of economic convergence or divergence among West German regions. However, a number of regions that were already rich - generally large agglomerations - had succeeded in further distancing themselves from the rest. At the same time, knowledge-intensive services are identified as industries whose geographical concentration ...
In:
Regional Studies
42 (2008), 3, S. 413-421
| Kurt Geppert, Martin Gornig, Axel Werwatz
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Referierte Aufsätze Web of Science
This paper models voters' preferences over central versus local education policies when there are private alternatives. Education is financed by income taxes and individuals are mobile between communities. Public education levels are chosen by majority vote. Contrary to conventional wisdom, centralisation may benefit the rich and poor, while the middle class prefer decentralised education. The model ...
In:
International Tax and Public Finance
15 (2008), 3, 338-352
| Rainald Borck
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Referierte Aufsätze Web of Science
This paper empirically investigates the link between political patronage and bank performance for Ukraine during 2003Q3-2005Q2. We find significant differences between politically affiliated and non-affiliated banks. The data suggest that affiliated banks have significantly lower interest rate margins and increase their capitalization. Furthermore, we show that the level of activity of affiliated deputies ...
In:
Economics of Transition
16 (2008), 3, S. 537-557
| Christopher F. Baum, Mustafa Caglayan, Dorothea Schäfer, Oleksandr Talavera
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Referierte Aufsätze Web of Science
The paper tests for the existence of human capital externalities using a micro-level approach: the Mincerian wage regression augmented with the average level of education in cities. To solve identification problems arising from the endogeneity of average education, the study exploits a natural experiment provided by the process of economic transition: average education at the end of communism can be ...
In:
Economics of Transition
16 (2008), 3, S. 415-443
| Alexander Muravyev
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Referierte Aufsätze Web of Science
Though information about jobs passed through personal networks has been central to the labor market integration of immigrants in the United States, its role in the economic absorption of immigrants in Germany, where jobs are scarcer and employers more likely to demand formal qualifications, is less clear. Through analysis of German Socio-Economic Panel data, we discovered that nearly half of all immigrant-origin ...
In:
International Migration Review
42 (2008), 2, S. 425-448
| Anita I. Drever, Onno Hoffmeister
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Referierte Aufsätze Web of Science
In this paper, we test the hypothesis that the economic transition toward a market economy increases the efficiency of firms. We study 32 Polish electricity distribution companies between 1997 and 2002, by applying common benchmarking methods to the panel: the non-parametric data envelopment analysis (DEA), the free disposal hull (FDH), and, as a parametric approach, the stochastic frontier analysis ...
In:
Economics of Transition
16 (2008), 2, S. 335-357
| Astrid Cullmann, Christian von Hirschhausen
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Referierte Aufsätze Web of Science
This paper discusses long-term contracts as a particular organizational form situated somewhere between full vertical integration and short-term, market-based trading in the natural gas industry. We focus on the determinants of the duration of contracts under changing technical, economic, and institutional conditions. Using 311 long-term contracts we find that duration decreases as international market ...
In:
Review of Industrial Organization
32 (2008), 2, S. 131-143
| Christian von Hirschhausen, Anne Neumann
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Referierte Aufsätze Web of Science
This paper provides a cross-country efficiency analysis of electricity distribution companies in the East European transition countries of Poland, the Czech Republic, Slovakia and Hungary. We use common nonparametric efficiency measurement such as Data Envelopment Analysis (DEA) and Free Disposal Hull (FDH) under different assumptions and apply recent developments of statistical inference in nonparametric ...
In:
Journal of Productivity Analysis
29 (2008), 2, S. 155-167
| Astrid Cullmann, Christian von Hirschhausen