ZEW Discussion Papers

This paper presents and compares several time-series models for returns of broadbased stock indices. These models nest a nonlinear asymmetric GARCH(NGARCH) model as a special case. Some of these models are…

This paper is concerned with the question as to what extent population size and density affect the cost of providing public services at the subnational level. Empirical estimates of cost functions are obtained…

The purpose of this article is to evaluate the importance of social class, migration background and command of national languages for the PISA school performance of teenagers living in European countries…

In this paper, we analyze the investment and divestment patterns of different types of venture capitalists. Using a data set embracing all venture-backed IPOs that occurred on Germany's Neuer Markt we…

This paper advocates computable general equilibrium models as a methodological tool that is particularly suitable for measuring the impacts of policy interference on the three dimensions of sustainable…

In diesem Beitrag werden Ausmaß und Konsequenzen von nominalen und tariflichen Lohnrigiditäten mikroökonomisch und mikroökonometrisch untersucht. Die Analyse verdeutlicht, dass in Deutschland Lohnrigiditäten…

Using panel data for German and Dutch firms from the services sector, this paper analyses the importance of ICT capital deepening and innovation for productivity. We employ a model that takes into account that…

In Deutschland stellen Personen, die ihre Berufsausbildung im Rahmen des dualen Systems oder durch den Besuch einer Berufsfachschule erworben haben, das Rückgrat der Beschäftigung dar. Trotz seiner Bedeutung…

The huge difference in the level and variance of student performance in the 2000 PISA study between Finland and Germany motivates this paper. It analyses why Finnish students performed so much better by…