1. ZEW-Finanzmarktreport // 2009

    Oktober 2009

    • Konjunkturerwartungen festigen sich
    • EZB: Straffere Geldpolitik wenig wahrscheinlich
    • USA: Konjunkturerwartungen stabiler
    • Japan: Unsicherheit über die Konjunkturentwicklung
    • Großbritannien: Bank of England bleibt bei…
  2. ZEW Discussion Paper No. 09-054 // 2009

    Testing the Predictability and Efficiency of Securitized Real Estate Markets

    Since the early 1970s and the seminal papers of Fama (1965, 1970), the efficient market hypothesis and its validity for several asset markets have been the topic of an uncountable number of publications in…

  3. ZEW Discussion Paper No. 09-053 // 2009

    The KfW/ZEW Start-up Panel: Design and Research Potential

    Existing data sets on firm formations in Germany suffer from various shortcomings that prohibit sound analyses of new firms’ development over time. Therefore, the Centre for European Economic Research (ZEW), KfW…

  4. ZEW Discussion Paper No. 09-052 // 2009

    Econometric Evaluation of EU Cohesion Policy – A Survey

    More than one third of the total EU budget is spent on so-called Cohesion Policy via the structural funds. Its main purpose is to reduce disparities among EU regions and to promote economic growth and…

  5. ZEW Discussion Paper No. 09-051 // 2009

    How Does EU Cohesion Policy Work? Evaluating its Effects on Fiscal Outcome Variables

    The impact of the EU Cohesion Policy has mainly been evaluated by analysing its growth effects. However, this perspective neglects that the EU support might affect other policy fields as well. There are at least…

  6. Contributions to Edited Volumes and Conference Proceedings // 2009

    Predictive Classification Trees

    CART (Breiman et al., Classification and Regression Trees, Chapman and Hall, New York, 1984) and (exhaustive) CHAID (Appl Stat 29:119–127, 1980) figure prominently among the procedures actually used in data…

  7. ZEW Discussion Paper No. 09-050 // 2009

    Employment Growth in Newly Established Firms – Is There Evidence for Academic Entrepreneur's Human Capital Depreciation?

    This paper contributes to the literature of academic entrepreneurship by investigating the effect of a possible depreciation of academic knowledge after leaving the university. The possibility of a person's…

  8. ZEW Discussion Paper No. 09-049 // 2009

    Industrial Research versus Development Investment: The Implications of Financial Constraints

    Industrial research and development (R&D) activities constitute an important driver of economic competitiveness. The impact of R&D on productivity at the firm level stems from the implementation of newly…

  9. ZEW Discussion Paper No. 09-047 // 2009

    What Determines Local Governments' Technical Efficiency? The Case of Road Maintenance

    While there are numerous studies on the measurement of the technical or cost efficiency of local governments, the analysis of the main drivers of this efficiency has attracted far less attention in this…

  10. ZEW Discussion Paper No. 09-046 // 2009

    Does Social Software Support Service Innovation?

    Social software serves in particular the communication, cooperation and information sharing between individuals and includes applications like blogs, wikis or online communities. Common to all of these…