ZEW Discussion Papers

Export is an important factor for growth and welfare for small, open economies. Since R&D and innovation are also key factors of growth for an industrialized economy, it is interesting to analyze the…

The paper provides new evidence on the factors that explain stock returns on the emerging markets. It focuses on the largest and most developed of the Central and Eastern European markets, the Polish stock…

In most Western industrialised countries the workforce is ageing rapidly. If the productivity contributions of old workers are low, dealing with increasing shares of old employees could be decisive for the…

Industrial Ecology is a relatively new, interdisciplinary field of research, analysing the interaction between industrial activity and nature. Within this field, a multitude of instruments has been developed.…

Technologically motivated firm acquisitions often fail in the sense that post-merger innovation performance declines. One reason has been identified as a temporary shift of managerial attention towards the firm…

It is widely agreed in the literature that environmental innovation is not only determined by market pull and technology push factors but also depends on regulatory incentives. There is an ongoing debate on how…

The empirical term structure literature shows that long-term interest rates are not merely a combination of expected short-term interest rates and a constant risk premium, as the so-called Expectation Hypothesis…

This paper examines the scope and value of targeted advertising in the German magazine industry. We use data on reader characteristics at individual media, in contrast to previous work that has needed to infer…

This paper studies the effects of a reference price reform in Denmark on price and demand for statins, products that reduce the blood cholesterol levels. Too high cholesterol levels may cause cardiovascular…