1. ZEW Discussion Paper No. 07-038 // 2007

    Developing Supra-European Emissions Trading Schemes: An Efficiency and International Trade Analysis

    Given the coexistent EU priorities concerning the competitiveness of European industries and international emissions regulation at the company level, this paper assesses the efficiency and competitiveness…

  2. ZEW Discussion Paper No. 07-037 // 2007

    The Effect of Relative Age in the First Grade of Primary School on Long-Term Scholastic Results: International Comparative Evidence using PISA 2003

    In this paper, we estimate the effect of pupil’s relative age within the first grade of primary school on math and reading test scores at age 15. The main objective is to evaluate the long-term causal effect of…

  3. ZEW Discussion Paper No. 07-036 // 2007

    Local Governments in the Wake of Demographic Change: Efficiency and Economies of Scale in German Municipalities

    German municipalities are expected to suffer from (often significant) population losses in the upcoming decades. We assess these local governments’ vulnerability to the fiscal consequences of this demographic…

  4. Refereed Journal // 2007

    Introducing Instruments of Central Bank Accountability in a Monetary Union

    With an increasing number of independent central banks, accountability of central banks is also getting more attention. This paper analyses the possibility of introducing instruments of central bank…

  5. Financial Market Report Switzerland // 2007

    June 2007

    • Economic Expectations Indicator Improves by 3.5 Points, Reaching a Neutral Level
    • Eurozone: Interest-Rate Hike on the Horizon
    • USA: Economic Recovery Anticipated
    • Japan: Moderate Economic Growth
    • Great Britain: Awaiting…
  6. ZEW-Wirtschaftsanalysen Vol. 83 // 2007

    Herausforderung Biotechnologie

    Das 20. Jahrhundert war im besonderen Maße von der Entstehung und rasanten Verbreitung neuer Technologien geprägt. Neben der Informations- und Kommunikationstechnologie wurde die Biotechnologie als zukünftige,…