ZEW Discussion Papers

Do financial market analysts use structural economic models whenforecasting exchange rates? This is the leading question analysedin this paper. In contrast to other studies we use expectations datainstead of…

In April 1995, 5.3 million people in Germany were on the lookout for a new job opportunity. 177,000 or nearly 3% of those were searching for an opportunity to get self-employed. In this study the determinants of…

This paper analyses the effects of the creation or removal ofborders on firms' profits and their optimal location in an autarkicregion. A firm chooses a position close to a border if a crucialdegree of openness…

Productivity growth has been slow in many continental European countries overthe last few decades, especially in comparison with the United States. It has been argued thatlack of product market competition and…

Unification fundamentally changed the terms of quantitative macroeconomic analysis for Germany. Two main areas concerned are data availability for the eastern part of Germany and structural changes within the…

Ownership structures are an important element of the theory explaining corporate governance. This study presents detailed descriptive evidence on the ownership structures of German manufacturing firms. It…

AbstractThis paper analyses the link between technological product and processes innovations and expectations about future employment for different types of labour in manufacturing. The empirical model allows…

This paper examines critically the system of industry-level wage bargaining in Germany. More specifically, it shows that the importance of industry-level wage bargaining declines in Germany and that one major…

AbstractThe macroeconomic development in West Germany in the aftermath of unification was characterized by a boom period in 1990/1991, a deep recession in 1992/1993 and a slow recovery since then. In East…