ZEW Discussion Papers

Among the Member States of the European Union, Romania is considered to be a low tax country. This is mainly due to the fact that the Romanian corporate income tax rate of 16 per cent currently undercuts the…

Many modern macroeconomic models either adopt a representative agent setup or introduce heterogeneity among individuals that leads only to trade in assets, while excluding the possibility that agents gain from…

Economists study the intergenerational transmission of skills and optimal human capital investment. Recent research has examined intergenerational associations of cognitive skills, trust and risk attitudes,…

In this paper, we analyze if the integration of the European mutual funds industry has brought advantages to private and institutional investors. Moreover, we examine the possible determinants of fund fees as…

Analyzing the link between market structure and market performance is of central importance in the field of industrial organization. The aim is to understand the role of market structure, i.e., the number of…

Decomposing sources of growth in a growth accounting framework relies heavily on price measures as proxies for input productivity. We show how different price measures affect the contribution of investment to…

Dynamic market environments and consumer preferences demand firms to assure a high degree of flexibility. At the same time, competitive pressure from globalized markets leads to constantly raising efficiency…

In this paper we investigate whether local characteristics influence entrepreneurial activities. One local characteristic that may drive the decision to establish a firm in a specific region is the supply of…

This paper analyses Greek fiscal sustainability. This topic lies in the core of all discussions about a potential exit of the country from the euro area, and - more in general - about the design and long-run…