1. China Economic Panel (CEP) // 2017

    December 2017

    • Economic Expectations Continue to Sink as End of Year Approaches
    • 26 analysts participated in the December survey, which was conducted during the period 4 till 13 December 2017
  2. Discussion and Working Paper // 2017

    Credit Constraints, Energy Management Practices, and Investments in Energy Saving Technologies: German Manufacturing in Close-up

    We analyze the drivers and barriers that influence investments increasing the energy efficiency of firms' production processes or buildings in the German manufacturing sector based on microdata. In particular,…

  3. Discussion and Working Paper // 2017

    Drivers of Energy Efficiency in German Manufacturing: A Firm-level Stochastic Frontier Analysis

    Increasing energy efficiency is one of the main goals in current German energy and climate policies. We study the determinants of energy efficiency in the German manufacturing sector based on official firm-level…

  4. ZEW Discussion Paper No. 17-065 // 2017

    Natural Disasters and Governmental Aid: Is there a Charity Hazard?

    In the aftermath of natural disasters, governments frequently provide financial aid for affected households. This policy can have adverse effects if individuals anticipate it and forgo private precaution…

  5. ZEW Discussion Paper No. 17-064 // 2017

    External Financing Constraints and Firm’s Innovative Activities During the Financial Crisis

    We investigate the effect of individual banks’ liquidity shocks during the recent financial crisis of 2008/2009 on the innovation activities of their business customers. Individual banks’ liquidity shocks are…

  6. German Real Estate Finance Index (DIFI Report) // 2017

    Fourth Quarter - 2017

    • Stable Business Environment at Year-End
    • Positive Financing Situation and Improved Prospects for 2018
    • Robust Financing Environment for the Logistics, Residential and Office Sectors
    • Virtually Unchanged Refinancing…
  7. ZEW Discussion Paper No. 17-063 // 2017

    Analysing and Predicting Micro-Location Patterns of Software Firms

    While the effects of non-geographic aggregation on inference are well studied in economics, research on geographic aggregation is rather scarce. This knowledge gap together with the use of aggregated spatial…

  8. ZEW Discussion Paper No. 17-062 // 2017

    Impact of Controlled Foreign Corporation Rules on Post-acquisition Investment and Profit Shifting in Targets

    We investigate real investment, financial revenues and profits in formerly domestic firms once they enter a multinational entity (MNE) through an acquisition. We argue that following the acquisition, those…

  9. ZEW Discussion Paper No. 17-061 // 2017

    Ursachen von Stromsperren in Privathaushalten: Empirische Ergebnisse aus der Allgemeinen Sozialberatung

    This article investigates factors correlated with the suspension of electricity supply in German households because of utility arrears. Utility arrears and power cut-offs occur frequently in households which…