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Referierte Aufsätze Web of Science
This letter provides a textbook example of an econometric analysis of the integration between two commodity markets and the subsequent price convergence or absence thereof. Price relations between spot markets are analysed for natural gas in Europe. The European market for natural gas is currently undergoing a liberalization process with the aim of creating a single, unified market. Time-varying coefficient ...
In:
Applied Economics Letters
13 (2006), 11, S. 727-732
| Anne Neumann, Boriss Siliverstovs, Christian von Hirschhausen
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Referierte Aufsätze Web of Science
Using a Mincer-type wage function, we estimate cohort effects in the returns to education for West German workers born between 1925 and 1974. The main problem to be tackled in the specification is to separately identify cohort, experience, and possibly also age and year effects in the returns. For women, we find a large and robust decline in schooling premia: In the private sector, the returns to a ...
In:
Applied Economics
38 (2006), 10, S. 1135-1152
| Bernhard Boockmann, Viktor Steiner
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Referierte Aufsätze Web of Science
The paper analyses the determinants of household work contracted in the German shadow economy. The German socio-economic household panel, which enumerates casual domestic employment, is used to estimate the demand for such household work. The regressors include regional wage rates, household income and several control variables for household composition. It is found that the demand for household work ...
In:
Applied Economics
38 (2006), 8, S. 899-911
| Tilman Brück, John P. Haisken-DeNew, Klaus F. Zimmermann
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Referierte Aufsätze Web of Science
Recent studies suggest that US and other developed economies have become considerably stabilized in terms of volatility since the mid-1980s (Stock and Watson, 2002). This study models the structural break in volatility using a dynamic factor model with two state variables: one capturing cyclical fluctuations and another reflecting volatility decline. The new model confirms a one-time volatility reduction ...
In:
Applied Economics Letters
13 (2006), 7, S. 417-422
| Konstantin A. Kholodilin, Vincent Wenxiong Yao
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Referierte Aufsätze Web of Science
The present study tests for the existence of multicointegration between real per capita private consumption expenditure and real per capita disposable personal income in the USA. In doing so, the study exploits the fact that the flows of disposable income and consumption expenditure on the one hand, and the stock of consumers' wealth, which can be considered as cumulative past discrepancies between ...
In:
Applied Economics
38 (2006), 7, S. 819-833
| Boriss Siliverstovs
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Referierte Aufsätze Web of Science
This paper investigates regional convergence of labour productivity and income per capita in the period 1992-2000 for the unified Germany using spatial econometric techniques. Up to now only first-order spatial models have been employed in investigating convergence across regions and countries. An exploratory data analysis reveals, however, that the fundamental variables of the convergence equation ...
In:
Regional Studies
40 (2006), 7, S. 755-767
| Reinhold Kosfeld, Hans-Friedrich Eckey, Christian Dreger
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Referierte Aufsätze Web of Science
Im Zuge des GKV-Modernisierungsgesetzes wird seit dem 1. 1. 2004 eine sog. Praxisgebühr von 10 Euro pro Quartal für ambulante Arzt- und Zahnarztbesuche erhoben. Neben einem Beitrag zur Konsolidierung der Finanzlage der GKV sollte die Praxisgebühr auch eine Verhaltensänderung der Versicherten bewirken. Der Beitrag zeigt auf, dass die Zahl der Arztbesuche im Jahre 2004 im Vergleich zum Jahr 2003 signifikant ...
In:
Medizinische Klinik
101 (2006), 6, S. 476-483
| Markus M. Grabka, Jonas Schreyögg, Reinhard Busse
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Referierte Aufsätze Web of Science
probability and severity of punishment - results in a reduction of crime due to deterrence. What appears to be a simple and straightforward hypothesis turns out to be a demanding task for empirical examination because "crime" is composed of many different offence categories and expected punishment is influenced by the actions and decisions of different institutions such as police, public prosecutor's ...
In:
Jahrbücher für Nationalökonomie und Statistik
226 (2006), 6, S. 687-714
| Hannes Spengler
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Referierte Aufsätze Web of Science
This study examines the export-led growth hypothesis using annual time series data from Chile. It addresses the problem of specification bias under which previous studies have suffered and focuses on the impact of manufactured and primary exports on the economic growth. In order to investigate if and how manufactured and primary exports affect economic growth via increases in productivity, the study ...
In:
Applied Economics Letters
13 (2006), 5, S. 319-324
| Boriss Siliverstovs, Dierk Herzer
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Referierte Aufsätze Web of Science
This paper applies Verdoorn's and Okun's law to derive efficient estimates of the employment and unemployment threshold in the Unified Germany. The analysis is built on a disaggregated dataset of regional labour markets, where spatial dependencies are taken into account. Especially, a spatial SUR model is proposed utilising the eigenfunction decomposition approach suggested by Griffith (1996, 2000). ...
In:
Papers in Regional Science
85 (2006), 4, S. 523-542
| Reinhold Kosfeld, Christian Dreger