ZEW Discussion Papers

This paper studies popular macroeconomic factors based on the gross domestic product (GDP) in a unified framework. Based on theoretical reasons, aggregate GDP as a measure of fundamental risk is an obvious risk…

In some cases, linking of policies for the provision of international public goods can increase welfare on a global scale. One example is the international linking of national policies for the reduction of…

This paper investigates the extent to which the Fukushima Daiichi nuclear disaster of March 2011 has had an impact on the private demand for climate protection in Germany. On March 11, 2011 the Tohoku earthquake…

Germany has a lower fertility rate than many other Western countries. The difference in fertility rates is likely to be driven by both socio-economic and institutional factors (e.g., access to childcare) as well…

This paper analyzes the domiciliation decision in the mutual fund market. The intensified competition among fund companies in the EU has provided incentives to relocate companies' activities and to domicile…

The paper studies the power of educational investments in relation to transfers for fostering lifetime income and for reducing income inequality in Germany and contributes to the discussion of sustainability in…

Contractual and regulatory provisions for access affect incentives to invest in an upgraded network and, in particular, a next-generation access network. Investment decisions are made under uncertainty and have…

Subsidiaries of foreign multinational enterprises (MNEs) are among the top performers of research, development and innovation in many EU and non-EU countries. In some small European countries - examples are…

Building up close main-bank relationships can be beneficial to small and medium sized firms for several reasons. For mature firms, relationship lending eases access to bank finance and positively affects firm…