1. Refereed Journal // 2018

    Concentration on the few: mechanisms behind a falling share of innovative firms in Germany

    Innovation activities in the German business sector showed two opposing trends over the past two decades: While total innovation expenditures grew substantially, the number of firms conducting innovation…

  2. Refereed Journal // 2018

    ICT and Economic Growth - Comparing Developing, Emerging and Developed Countries

    This paper analyzes the impact of information and communication technologies (ICT) on economic growth in developing, emerging and developed countries. The main question is whether the gains from investments in…

  3. Refereed Journal // 2018

    How different policy instruments affect green product innovation: A differentiated perspective

    Based on representative firm-level data for the three countries Austria, Germany, and Switzerland, we investigate the effects of energy-related regulations, taxes, voluntary agreements, and subsidies on the…

  4. Refereed Journal // 2018

    Comparison of parametric and semiparametric representations of unobserved preference heterogeneity in logit models

    The logit-mixed logit (LML) model is a very recent advancement in semiparametric discrete choice models. LML represents the mixing distribution of a logit kernel as a sieve function (polynomials, step…

  5. Refereed Journal // 2018

    Extending the logit-mixed logit model for a combination of random and fixed parameters

    The logit-mixed logit (LML) model, which allows the analyst to semi-parametrically specify the mixing distribution of preference heterogeneity, is a very recent advancement in logit-type choice models. In…

  6. Refereed Journal // 2018

    Public Subsidies and New Ventures’ Use of Bank Loans

    Access to financial resources is crucial for young firms to strive. To foster innovation and growth in these firms, governments address financing constraints by initiating public support programs. For such…

  7. Refereed Journal // 2018

    Electricity Market Integration and the Impact of Unilateral Policy Reforms

    We investigate the impact that two German energy reforms—phase-out of nuclear power plants after the Fukushima incident and expansion of renewables due to fixed feed-in tariffs—had on neighbouring countries’…