When analyzing economic aspects at regional levels, the spatial dimension of the data plays a crucial role. This is the case as spatial data and models are often characterized by two spatial effects, namely spatial dependence and spatial heterogeneity. The field of spatial econometrics is a separate field in econometrics that explicitly incorporates these spatial effects into econometric models. Following ...
Jobs offer different wages and different non-monetary working conditions. This paper investigates how the demand for non-monetary aspects evolves over changing wealth levels. Wages do not perfectly compensate individuals for differential utility of jobs in a labour market with informational frictions. Changes in wealth may then affect preferences for different jobs. Willingness to pay for non-monetary ...
Long-run restrictions have been used extensively for identifying structural shocks in vector autoregressive (VAR) analysis. Such restrictions are typically just-identifying but can be checked by utilizing changes in volatility. This paper reviews and contrasts the volatility models that have been used for this purpose. Three main approaches have been used, exogenously generated changes in the unconditional ...
This paper studies whether university tuition fees affect the intention to acquire a university degree among high school students and, if so, whether individuals from low-income households are affected in particular. We analyze the introduction and abolishment of tuition fees in Germany using data from the Socio-Economic Panel Study (SOEP). We find a negative effect of tuition fees on the...
Abstract: We use the German Socio-Economic Panel (GSOEP) to analyze household consumption spending reactions to the German 2009 car scrappage scheme. The subsidy meant a windfall gain to concerned households and a rational reaction would be to adjust the consumption path to the increase in permanent income. Applying regression methods, we model different categories of consumption spending ...
DIW Berlin and IMF cordially invite you to the Presentation on the forthcoming IMF book on "Jobs and Growth: Supporting the European Recovery" PresentersJesmin Rahman is Deputy Head of the Emerging Europe Unit in the IMF's European Department. Martin Schindler is Senior Economist in the IMF's European Department.Antonio Spilimbergo is Head of the Northeastern Unit in the IMF's European...
We analyze the role of public support in the financing pattern of R&D in German SMEs and their assessment of financing conditions in the context of other framework conditions for innovation. In Germany, there is a diversity of overall well-funded technology-neutral and technology-specific programs providing grants to R&D and innovation projects. Different types of SMEs access public funding for R&D ...
In impulse response analysis estimation uncertainty is typically displayed by constructing bands around estimated impulse response functions. These bands may be based on frequentist or Bayesian methods. If they are based on the joint distribution in the Bayesian framework or the joint asymptotic distribution possibly constructed with bootstrap methods in the frequentist framework often individual confidence ...
