Using the 2007 Mannheim innovation survey, we investigate whether family firms are more financially constrained than other firms and how this affects both innovation input as well as innovation outcomes such as market and firm novelties or process innovations. Based on the CDM framework, estimation of the recursive system of equations shows that family businesses are more likely to be constrained and ...
Crowding on public transport (PT) is a major issue for commuters around the world. Nevertheless, economists have rarely investigated the causes of crowding discomfort. Furthermore, most evidence on the costs of PT crowding is based on contingent valuation studies. First, this paper assesses discomfort with PT crowding over different density levels, trip durations and across different individuals using ...
DIW Berlin’s economic forecast: GDP growth will remain stable over the next two years – domestic economy benefiting from favorable labor market situation and expenditure on asylum seekers – public sector has surpluses, but margins are tightening The German economy is expected to continue in its upward growth over the next two years: According to the latest economic forecasts from ...
The construction industry has been a key pillar of the German economy in recent years. New residential construction played a major part in this with the volume of new construction growing nominally by over 60 percent between 2010 and 2014. The development of construction work on existing residential buildings was less dynamic, however, with just under ten-percent growth between 2010 and 2014. A key ...
Sören Radde sucessfully defended his dissertation on November 27th at TU Berlin. Prof. Dr. Gerd G. Wagner and Prof. Dr. Helmut Lütkepohl congratulate him on his success!
Veronika Bertram-Hümmer sucessfully defended her dissertation on November 25th at Leibniz University of Hannover. Prof. Dr. Gerd G. Wagner and Prof. Dr. Helmut Lütkepohl congratulate her on her success!
Despite expansionary central bank action, inflation remains low in the euro area. How much can we expect from the additional stimulus in face of anaemic global growth and declining oil prices? More generally, have central banks lost the ability to steer inflation in a globalised world where external factors have powerful effects on domestic inflation? This roundup summarises the evidence in the literature ...
The wage curve introduced by Blanchflower and Oswald (1990, 1994) postulates a negative correlation between wages and unemployment. Empirical results focus on particular theoretical channels establishing the relationship. Panel models mostly draw on unionized bargaining or the efficiency wage hypothesis. Spatial econometric approaches can be rationalized by monopsonistic competition. However, the approaches ...
