1. ZEW Discussion Paper No. 16-047 // 2016

    The Long-run Effect of Fiscal Consolidation on Economic Growth: Evidence from Quantitative Case Studies

    We contribute to the literature on the long-run effect of fiscal consolidation on economic growth by applying a novel method for quantitative case studies. Relying on a qualitative (narrative) definition of…

  2. Financial Market Report Switzerland // 2016

    July 2016

    • International Financial Market Data — Assessments and Expectations
    • Equity Markets Expected to Recover
    • Analysts Expect the Franc to Weaken
    • Inflation Expectations Unchanged
    • Interest Rate Expectations Unchanged
    • Long-Te…
  3. Refereed Journal // 2016

    Testing under a special form of heteroscedasticity

    In the presence of heteroscedasticity, conventional standard errors (which assume homoscedasticity) can be biased up or down. The most common form of heteroscedasticity leads to conventional standard errors that…

  4. ZEW-Finanzmarktreport // 2016

    Juli 2016

    • Starker Zugewinn der Konjunkturerwartungen
    • Eurozone: Inflationserwartungen weitgehend unverändert
    • USA: Verbesserte Konjunkturlage
    • Japan: Konjunkturlage verschlechtert sich
    • Großbritannien: Konjunkturerwartungen…
  5. ZEW Discussion Paper No. 16-046 // 2016

    That's My Turf: An Experimental Analysis of Territorial Use Rights for Fisheries in Indonesia

    We conduct a framed field experiment in Indonesian fishing communities with an eye towards evaluating the potential of Territorial Use Rights for Fisheries (TURFs) for preserving coral reef fisheries. Conducted…

  6. Refereed Journal // 2016

    Limited Trading of Emissions Permits as a Climate Cooperation Mechanism? US-China and EU-China Examples

    Recent multilateral climate negotiations have underlined the importance of international cooperation and the need for support from developed to developing countries to address climate change. This raises the…

  7. ZEW Discussion Paper No. 16-045 // 2016

    Incorporating Innovation Subsidies in the CDM Framework: Empirical Evidence from Belgium

    This paper integrates innovation input and output effects of R&D subsidies into a modified Crépon-Duguet-Mairesse (CDM) model. Our results largely confirm insights of the input additionality literature, i.e.…

  8. ZEW Discussion Paper No. 16-044 // 2016

    Technological Capabilities, Technological Dynamism and Innovation Offshoring

    In this paper we analyze the conditions under which firms decide to offshore innovation. We consider the role of internal technological capabilities and technological dynamism in the firm environment,…

  9. ZEW Discussion Paper No. 16-043 // 2016

    The Magic of the Personal Touch: Field Experimental Evidence on Money Appreciation as Gifts

    This paper makes use of two field experiments to explore individual effort responses to gifts. We extend the literature by looking at nonfinancial gifts and gifts that combine financial and nonfinancial elements…

  10. Refereed Journal // 2016

    The Effect of Building Energy Retrofits on Daily Heating Time

    This paper analyzes the effect of building energy retrofits on daily heating time. Using German survey data and controlling for local differences in climate and energy prices, I show that retrofitted heating…