ZEW Discussion Papers

The aim of this paper is to provide an empirical backbone to the debate about the macroeconomic effects of large upward exchange rate adjustments of tightly managed or pegged exchange rate regimes. Using a…

The goal of clustering is to partition the objects (here: persons) into groups which ideally should be homogenous and well-separated (i.e. low within-group and high between-groups heterogeneity). In the context…

Our paper analyzes the corporate financing behavior of German residential property companies. The German residential property industry is characterized by a predominance of nonlisted companies with different…

The education variable in the IAB datasets suffers from problems like missing and misclassified values. The data problems do not occur randomly, but are highly associated with other variables from the dataset.…

Do investments in international securitized real estate markets make a statistically significant contribution to an internationally diversified mixed-asset portfolio, and does currency risk exposure have an…

The theoretical literature suggests that upper-tier governments have an incentive to strategically allocate regional transfers in order to affect the electorate's opinion. This implies that citizens in targeted…

Research and development (R&D) collaborations allow firms to combine their resources, exploit complementary know-how and internalize R&D externalities. Hence, R&D collaborations may spur innovation activities in…

It has almost become conventional wisdom that the viability of modern open science norms and practices depends on public disclosure of new knowledge, methods, and materials. At the same time, long-run trends…

Mortality rates among prime-age adults are dramatically high in many sub-Saharan African countries, and, as a consequence, the number of orphaned children is high and increasing. In this paper, we identify the…