ZEW Discussion Papers

In the debate on the phase-out of nuclear power generation in Germany, there is an intense dispute on the effective operating time for the existing nuclear power plants. This paper addresses the question of how…

No other area of the German economy has developed so emphatically in the past ten years as has that of business-related services. Regardless of its growing overall economic importance, official statistics fail…

After the end of communism enterprises in Central and Eastern Europe (CEE) weremarked by low levels of labor productivity, mainly because of too high employment levels. According to economic theory, the…

Declining inflation rates might have negative consequences for tax revenues. Phenomena like the inflationary bracket creep in a progressive income tax system do not work any longer. With this background the…

The economic analysis of corporate governance is en vogue. In addition to a host of theoretical papers, an increasing number of empirical studies analyze how ownership structure, capital structure, the structure…

This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries…