_____________________________________________________________________ _____________________________________________________________________ Z E W N E W S L E T T E R E N G L I S H E D I T I O N No. 2013-02 February 28, 2013 (Yvonne Braeutigam, newsletter-en at zew.de ) http://www.zew.eu _____________________________________________________________________ _____________________________________________________________________ Content 1. NEWS 2. CALL FOR PAPERS 2.1. 15th ZEW Summer Workshop - Current Fiscal Policy Challenges in Europe (July 02-05, 2013) 2.2. 5th ReCapNet Conference "Real Estate Markets and Capital Markets" (October 18-19, 2013) 3. STAFF 3.1. Visiting Researchers 4. PRESS RELEASES 5. RECENT PUBLICATIONS IN ENGLISH 5.1. ZEWnews 5.2. Financial Market Report Switzerland 5.3. Financial Market Report CEE 5.4. ZEW policy brief 5.5. ZEW Discussion Papers 5.6. Expertises/Research Reports IN GERMAN 5.7. ZEW Finanzmarktreport (ZEW Financial Market Report) 5.8. Gutachten/Forschungsberichte (Expertises/Research Reports) 6. NEW RESEARCH PROJECTS 7. EVENTS 7.1. Scientific Events 8. JOB OFFERS _____________________________________________________________________ 1. NEWS 28.02.2013 Change of Presidency at ZEW - Online Livestream of the Ceremony: In a ceremony with invited guests, the farewell of long-standing ZEW President Prof. Dr. Dr. h.c. mult. Wolfgang Franz takes place at the Centre for European Economic Research (ZEW) in Mannheim today. Prof. Dr. Clemens Fuest will be inaugurated as successor to Wolfgang Franz. Winfred Kretschmann, Minister-President of the Federal State of Baden-Wuerttemberg, and Theresia Bauer, Minister of Science, Research and the Arts of the Federal State of Baden-Wuerttemberg and Chairwoman of ZEW's Supervisory Board, will open the event. The president of the board of directors at UBS, Prof. Dr. Axel Weber, will hold the laudatory speech. A panel discussion on "ZEW Between the Poles of Research and Practice" with renowned participants will be followed by speeches by the outgoing and the new President, as well as by the Director of Business and Administration, Thomas Kohl. The ceremony will be broadcasted as online livestream from 14:30 CET to approx. 16:30 CET. Watch the German livestream on February 28, 2013, starting at 14:30 CET on: http://www.ustream.tv/channel/amtswechsel-2013 20.02.2013 Conference on Consumption-Based Approaches in Climate Policy (March 6-7, 2013): The Centre for European Economic Research (ZEW) and the Centre for International Climate and Environmental Research Oslo (CICERO) host a conference on consumption-based approaches in climate policy in Mannheim on March 6 and 7, 2013. Despite the emergence of climate policy in different parts of the world, global emissions are still increasing. Against this background, there are calls for more comprehensive approaches to climate policy, which focus on emissions embodied in consumption. The overall goal of these approaches is to alter current emission consumption patterns and to initiate the transition towards a low carbon future. This two-day event brings together selected renowned researchers in order to explore new directions in consumption-based approaches in climate policy. We invite interested participants (non-presenters) to register online no later than March 1, 2013. Please note that only a limited number of non-presenters will be able to attend. The conference fee is EUR 135, covering conference materials, coffee breaks, and lunch on both days. Read more: http://www.zew.de/news2222 08.02.2013 Second International Annual Conference of the Leibniz ScienceCampus MaCCI at ZEW: The Mannheim Centre for Competition and Innovation (MaCCI), a joint initiative of the Centre for European Economic Research (ZEW) and the University of Mannheim, held its second Annual MaCCI Conference at ZEW on February 15 and 16, 2013. About 100 participants attended the two-day conference. Read more: http://www.zew.de/news2235 08.02.2013 Q&A: Are we Achieving a Turnaround in Energy Policy? Praise for Renewable Energy - Criticism About Security of Supply: In mid-December, the Expert Commission for the "Energy of the Future" Monitoring Process issued its first position statement regarding the federal government's annual status report on German renewable energy policy. Prof. Dr. Andreas Loeschel, chairman of the Expert Commission and a research department head at ZEW, explains its findings. Read more: http://www.zew.de/news2220 08.02.2013 ZEW President Wolfgang Franz on Europe: My final column written as ZEW's President before resiging from office has to do with Europe. Not only to pay tribute to the "E" in ZEW, but primarily because I am worried about Europe. We should not let things continue as they are at present. Indeed, we must counter the prevailing sense of disappointment about institutional arrangements, both at the EU and national level. At the same time, we must resist succumbing to exaggerated hopes, let alone fantasies. Read more: http://www.zew.de/news2219 05.02.2013 Dissertations at ZEW in 2012: The qualification of its staff is very important to ZEW. This is also illustrated by the number of dissertations completed at ZEW in 2012. We would like to thank all supervisors, especially the first supervisors. Dissertations since January 2012: * Sarah Borgloh, "Charitable Giving, Taxes and Fundraising", Prof. Dr. Berthold U. Wigger, Karlsruhe Institute of Technology. * Christian Dick, "Essays on Expectations in Financial Markets", Prof. Dr. Lukas Menkhoff, Leibniz University Hannover. * Daniel Dressler, "Five Empirical Essays on Taxation", Prof. Dr. Christoph Spengel, University of Mannheim. * Philipp Eisenhauer, "Essays in the Econometrics of Policy Evaluation", Prof. Dr. Dr. h.c. mult. Wolfgang Franz, University of Mannheim. * Benjamin Engelstaetter, "Enterprise Software and Video Games: An Empirical Analysis", Prof. Dr. Pierre Mohnen, University of Maastricht. * Jost Henrich Heckemeyer, "Die Wirkungen der Besteuerung auf unternehmerisches Verhalten - Mikrosimulation und Meta-Analysen", Prof. Dr. Lars Feld, University of Heidelberg. * Peter Heindl, "Environmental Regulation by Prices and Quantities: Transaction Costs, Institutions and Industrial Organization", Prof. Dr. Wolfgang Buchholz, University of Regensburg. * Julia Horstschraeer, "Empirische Studien zur Elementar- und Hochschulbildung", Prof. Dr. Patrick Puhani, University of Hannover. * Gunnar Lang, "Macro Attractiveness and Micro Decisions in the Mutual Fund Industry - An Empirical Analysis.", Prof. Dr. Henry Schaefer, University of Stuttgart. * Verena Niepel, "Essays on Skills, School Choice and Their Long-Term Consequences", Prof. Dr. Markus Froelich, University of Mannheim. * Michael Schymura, "Norms and the Development of New Knowledge as Determinants of Climate Policy - Theoretical Considerations and Empirical Evidence", Prof. Dr. Wolfgang Buchholz, University of Regensburg. * Andreas Sachs, "Unbedingte und bedingte institutionelle Effekte auf Arbeitslosigkeit: Ein bayesianischer Model Averaging Ansatz", Prof. Dr. Werner Smolny, University of Ulm. * Vigen Nikogosian, "Competition and Regulation in the Energy Markets", Prof. Dr. Juergen Weigand, WHU - Otto Beisheim School of Management. * Benedikt Zinn, "Tax Accounting in Germany", Prof. Dr. Christoph Spengel, University of Mannheim. 31.01.2013 ZEW Expert Report on Labour Market Situation of Older Employees in the Roofing Sector Published: The short expert report by the Centre for European Economic Research (ZEW) in Mannheim on behalf of the Federal Ministry of Labour and Social Affairs (BMAS) analyses the labour market situation of older employees in the roofing sector. In public debates, this occupational group is frequently referred to as evidence that employees in physically demanding jobs practically cannot work until they reach pension age. ZEW's quantitative analyses using employer-employee data show that the question how older workers could be employed until they reach pensionable age has practically been no issue to date. Read more: http://www.zew.de/news2217 21.01.2013 Fourth "Country Index for Family Enterprises" Published - Germany Is Only a Middle-Ranking Investment Location: Of all European countries as well as the United States, Switzerland offers the best conditions for family enterprises. Germany, in contrast, ranks only 11th among 18 countries and so takes a position in the mid-range as an investment location for family enterprises. This is the conclusion of a comparison of investment locations for family enterprises presented for the fourth time by Stiftung Familienunternehmen. The study was conducted by the Centre for European Economic Research (ZEW) on behalf of the foundation. Read more: http://www.zew.de/news2205 For current news, please visit: http://www.zew.de/news 2. CALL FOR PAPERS 2.1. 15th ZEW Summer Workshop on Current Fiscal Policy Challenges in Europe (July 02-05, 2013): The Centre for European Economic Research (ZEW) is pleased to announce its 15th ZEW Summer Workshop in July 2013. This year's focus is on the current fiscal policy challenges in Europe. The ZEW Summer Workshop provides a forum for discussion between doctoral students and established researchers in their field of research. Advanced doctoral students and postdocs within three years after completion of their thesis are encouraged to apply. Young scholars who want to attend the workshop have to submit a paper. Please submit your paper and a CV as PDF file to summerworkshop2013 at zew.de no later than April 7, 2013. At the end of the workshop, the presenter of the best paper at the ZEW Summer Workshop will be honoured with the Heinz Koenig Young Scholar Award. This year's award is sponsored by Dr. Fridolin Scheuerle. Additional information and Call for Papers: http://www.zew.de/summerfiscalpolicy2013 2.2. 5th ReCapNet Conference "Real Estate Markets and Capital Markets" (October 18-19, 2013): The Centre for European Economic Research (ZEW) is pleased to announce the fifth interdisciplinary conference of the Leibniz Network on Real Estate Markets and Capital Markets (ReCapNet) on October 18 and 19, 2013, in Mannheim. This conference is open to all researchers interested in the relationship between real estate markets and capital markets. We welcome contributions in real estate finance and economics, as well as in economic and urban geography, regional science, urban development planning, demography, and law. Please submit papers as PDF file to conference at recapnet.org no later than July 19, 2013. Additional information and Call for Papers: www.zew.de/recapnetconf2013 3. STAFF 3.1. Visiting Researchers Claudia Ghisetti Visiting Researcher at ZEW: Claudia Ghisetti, PhD student in European law and economics at the University of Bologna, will be visiting researcher at the ZEW Research Department "Environmental and Resource Economics, Environmental Management" from February to July 2013. During her stay she will be working with ZEW researchers on eco innovation and the competitiveness of the European industry. 4. PRESS RELEASES 21.02.2013 - ZEW (zil/kbo) ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Economic Sentiments Continue to Improve: In February 2013 economic expectations for Central and Eastern Europe including Turkey (CEE) have increased for the third time in a row. The ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has improved by 9.3 points to the 36.3-points mark. The economic sentiment indicator for the CEE region and further financial market data have been surveyed monthly by the Centre for European Economic Research (ZEW) in Mannheim, with the support of Erste Group Bank, Vienna, since 2007. Read more: http://www.zew.de/press2242 20.02.2013 - ZEW (lja/kbo) ZEW-CS Financial Market Test Switzerland - Economic Expectations Return to Positive Territory: Economic expectations for Switzerland have climbed from their January reading of minus 6.9 points to a level of 10.0 points in February 2013. The ZEW-CS Indicator reaches its highest value since June 2010 due to this upward movement. The ZEW-CS Indicator is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon. Read more: http://www.zew.de/press2237 19.02.2013 - ZEW (cdi/fmo/kbo) ZEW Indicator of Economic Sentiment - Further Increase of Confidence: The ZEW Indicator of Economic Sentiment for Germany has increased by 16.7 points in February 2013. The indicator now stands at a level of 48.2 points. This is the third increase in a row. Read more: http://www.zew.de/press2236 11.02.2013 - ZEW (cra/kbo) German Innovation Survey 2012 - Large Companies Expand Innovation Budgets Significantly: In 2011 the innovation expenditures of German companies increased by 9.2 per cent and reached a new all-time high of 131.9 billion euros. It was the larger companies which accounted for the major part of the increase. Despite the robust economic situation, small and medium-sized companies were reluctant to invest. The share of companies which introduced innovations hence dropped below 40 per cent. The share of turnover created with new products reached 14.2 per cent in 2011, thereby falling slightly below the value of the previous year. These are central findings of the recently published "German Innovation Survey 2012". The survey is conducted by the Centre for European Economic Research (ZEW) in Mannheim in cooperation with the Fraunhofer Institute for Systems and Innovation Research as well as the Institute for Applied Social Sciences (infas) on behalf of the German Federal Ministry of Education and Research (BMBF). Read more: http://www.zew.de/press2227 07.02.2013 - ZEW (dho/ggr) Financing Problems for Start-ups - Start-up Financing: How Credit Ratings and Bank Concentration Impact Credit Access: The Basel II Accord implemented a tighter regulation of the banking sector. The importance of external credit scoring conducted by rating agencies has thus grown significantly for banks providing business loans. Especially innovative, not yet established companies without a convincing credit history often face substantial difficulties accessing credit. There is no evidence, however, that this is due to unfavourable or missing ratings. A study conducted by the Centre for European Economic Research (ZEW) shows that negative ratings are barriers to companies' access to credit. Young innovative firms, however, are significantly less impacted by this effect. Read more: http://www.zew.de/press2224 05.02.2013 - ZEW (ffl/kbo) Energy Prices for Major Customers Remain Stable Until Mid-2013: Major customers such as industrial companies, huge business enterprises, municipalities, and other final consumers demanding large amounts of energy can expect stable prices for electricity, oil, natural gas, and coal in the next six months. In the next five years, however, a rise in energy prices on a large scale lies ahead. This is the result of the ZEW Energiemarktbarometer (Energy Market Barometer), a survey conducted by the Centre for European Economic Research (ZEW). Every six months, some 200 experts from the energy sector give an assessment on the short and medium-term trends of energy prices for major customers. The current survey was conducted at the end of 2012. Read more: http://www.zew.de/press2218 31.01.2013 - ZEW (ffl/kbo) Fracking in Europe Is only Profitable when Gas Prices Rise Clearly: Exploiting shale gas using the controversial "fracking" method has led to a strong decrease of gas prices in the United States. In the European Union (EU), however, fracking, i.e. the extraction of gas resources in rocks by injecting water and chemicals under high pressure, would not pay off given the current gas prices. Fracking would only be cost-efficient within the EU if gas prices increased significantly. This is a result of the ZEW Energiemarktbarometer (Energy Market Barometer), a semi-annual survey conducted by the Centre for European Economic Research (ZEW) among some 200 experts from the energy sector. Read more: http://www.zew.de/press2216 For current press releases, please visit: http://www.zew.de/en/presse 5. RECENT PUBLICATIONS IN ENGLISH 5.1. ZEWnews ZEWnews English Edition January/February 2013 * Innovation as a Way Out of the Debt Crisis * The Personal Attributes of Finance Ministers Affect the Development of Public Debt * Low Corporate Taxes Promote Investment * KfW/ZEW Start-up Panel - Strategy is Decisive * Questions & Answers: Are We Achieving a Turnaround in Energy Policy? * An Economic Analysis of the European Union's Climate Policy Roadmap to 2050 * A Stable Architecture for Europe and Germany * Opinion Europe Download as PDF file(*) (reference is given at the end of "RECENT PUBLICATIONS"): http://ftp.zew.de/pub/zew-docs/zn/en/zn012013.pdf 5.2. Financial Market Report Switzerland Financial Market Report Switzerland March 2013 * Economic Outlook for Switzerland: 32-Month High * Current Economic Situation: Stable Assessment * Inflation Expectations: Gradually Rising * Interest Rates: Creeping Up * Stock Market: Expectations Broadly Unchanged * Swiss Franc Versus Euro: Strong Increase of Depreciation Expectations * Special Questions: Asset Valuation Download as PDF file(*): http://www.zew.de/FinancialMarketReportSwitzerland032013.pdf 5.3. Financial Market Report CEE Financial Market Report CEE March 2013 The Financial Market Report CEE February 2013 will be published soon. The report addresses the economic outlook for the CEE Region, Austria, and the eurozone as well as the results of the special question concerning the stock market expectations for the CEE Region. Download shortly as PDF file(*): http://ftp.zew.de/pub/zew-docs/fmt_cee/FMTCEE032013.pdf 5.4. ZEW policy brief - No. 1, January 2013 Start-up Financing: How Credit Ratings and Bank Concentration Impact Credit Access Start-ups, especially those in high-tech industries, are an important force for innovation. They contribute to the competitive success of the economy, and help to create new jobs. Bank financing is the most important source of external credit for newly established firms. In the last two decades, bank consolidation and regulatory changes such as Basel II have influenced banks' screening processes, leading to a greater reliance on hard information. Yet newly established firms do not have a financial track record. Publicly available information like credit ratings rarely exists for new firms. Download shortly as PDF file(*): http://ftp.zew.de/pub/zew-docs/policybrief/pb01-13.pdf 5.5. ZEW Discussion Papers 13-009 Matthias Hunold; Christoph Wolf Competitive Procurement Design: Evidence from Regional Passenger Railway Services in Germany Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp13009.pdf 13-008 Wolfgang Buchholz; Michael Schymura How Can Pure Social Discounting Be Ethically Justified? Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp13008.pdf 13-007 Andreas Loeschel; Michael Schymura Modeling Technological Change in Economic Models of Climate Change: A Survey Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp13007.pdf 13-006 Andreas Loeschel; Bodo Sturm; Reinhard Uehleke Revealed Preferences for Climate Protection when the Purely Individual Perspective is Relaxed - Evidence from a Framed Field Experiment Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp13006.pdf 13-005 Andreas Loeschel; Sascha Rexhaeuser; Michael Schymura Trade and the Environment: An Application of the WIOD Database Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp13005.pdf 5.6. Expertises/Research Reports Daniel Osberghaus and Claudio Baccianti (2013), Adaptation to Climate Change in the Southern Mediterranean, A Theoretical Framework, a Foresight Analysis and Three Case Studies, European Commission, FP7, Brussels. Additional information and download: http://www.zew.de/publikation6901 Christoph Spengel, Christina Elschner, Dieter Endres, Alexandra Bartholmess, Daniel Dressler, Lisa Evers, Maria Theresia Evers, Katharina Finke, Jost Henrich Heckemeyer, Katharina Richter, and Uwe Scheuering (2012), Effective Tax Levels Using the Devereux/Griffith Methodology, Project for the EU Commission TAXUD/2008/CC/099 Final Report 2012, Mannheim. Additional information and download: http://www.zew.de/publikation6890 Christoph Spengel, Christina Elschner, Dieter Endres, Katharina Richter, Manuel Halter, Alexandra Bartholmess, Daniel Dressler, Katharina Finke, and Jost Henrich Heckemeyer (2012), Effective Tax Levels at the Industry Level Using the Devereux/Griffith Methodology, On-Demand Economic Analysis within the Framework Contract TAXUD/2008/CC/099, Mannheim. Additional information and download: http://www.zew.de/publikation6891 IN GERMAN 5.7. ZEW Finanzmarktreport (ZEW Financial Market Report) ZEW Financial Market Report March 2013 * Experts' Confidence Continues to Grow * ECB: Inflation Forecasts Remain Steady * USA: Economic Expectations Improved * Japan: Economic Expectations Still on the Rise * Great Britain: Assessment of Economic Situation Slightly Weaker * Special Question: February 2013 - Inflation and Monetary Policy Download as PDF file (in German)(*): http://ftp.zew.de/pub/zew-docs/frep/032013.pdf 5.8. Gutachten/Forschungsberichte (Expertises/Research Reports) Christian Rammer, Birgit Aschhoff, Dirk Crass, Thorsten Doherr, Martin Hud, Christian Koehler, Bettina Peters, Torben Schubert, and Franz Schwiebacher (2013), Innovationsverhalten der deutschen Wirtschaft. Indikatorenbericht zur Innovationserhebung 2012 (Innovation Behaviour of the German Economy. Indicator Report on the 2012 German Innovation Survey), Federal Ministry of Education and Research, Mannheim. Additional information and download (in German): http://www.zew.de/publikation6897 Juergen Egeln, Helmut Fryges, Diana Heger, Daniel Hoewer, Georg Licht, and Bettina Mueller (2013), Gruendungsaktivitaeten im Hightech-Bereich in Baden-Wuerttemberg (Start-up Activities in Baden-Wuerttemberg's High-Tech Industry), Ministry of Rural Affairs, and Consumer Protection of Baden-Wuerttemberg, Mannheim. Additional information and download (in German): http://www.zew.de/publikation6903 Holger Bonin, Bodo Aretz, and Terry Gregory (2013), Beschaeftigungssituation Aelterer im Dachdeckergewerbe (Employment Situation of Older Workers in the Roofing Sector), Mannheim. Additional information and download (in German): http://www.zew.de/publikation6887 (*) Please note: PDF files can be displayed with Adobe Acrobat Reader. The software can be downloaded for free: http://get.adobe.com/uk/reader 6. NEW RESEARCH PROJECTS Analysis of Obstacles to Innovation in Firms, particularly SME when Transferring R&D Results into Marketable Products, and Approaches to Tackle these Obstacles http://www.zew.de/project1279 Charitable Giving and Fundraising in a Tax Regime http://www.zew.de/project1275 Knowledge Spillovers and Content Valuation in Online Collaboration http://www.zew.de/project1278 Production and Trade in KETs-based Products: The EU Position in Global Value Chains and Specialisation Patterns within the EU http://www.zew.de/project1280 SME Taxation in Europe - An Empirical Study of Applied Corporate Income Taxation for SMEs Compared to Large Enterprises http://www.zew.de/project1276 7. EVENTS 7.1. Scientific Events 06.-07.03.2013 Conference: Consumption-Based Approaches in Climate Policy Location of the event: ZEW, Mannheim Additional information: http://www.zew.de/event1780 11.-12.04.2013 Conference: Fiscal Performance: The Role of Institutions and Politicians Location of the event: ZEW, Mannheim Additional information: http://www.zew.de/event1762 25.-26.04.2013 Conference: 3rd SEEK Conference: Engines for More and Better Jobs in Europe Location of the event: ZEW, Mannheim Additional information: http://seek.zew.eu/en/seek/events/conferences/3rd-seek-conference.html 8. JOB OFFERS 27.02.2013 Researcher for the Research Department "Corporate Taxation and Public Finance" For the complete job offer, please visit: http://www.zew.de/career380 ____________________________________________________________________ IMPRINT Publisher: Centre for European Economic Research GmbH (ZEW) L 7, 1 - 68161 Mannheim - Germany - http://www.zew.eu Phone +49 621/1235-01 Fax +49 621/1235-255 Seat of the company: Mannheim - Local Court Mannheim HRB 6554 Chairwoman of the Supervisory Board: Theresia Bauer, MdL, Minister of Science, Research, and the Arts of the State of Baden-Wuerttemberg Executive Directors: Prof. Dr. Dr. h.c. mult. Wolfgang Franz, Thomas Kohl Editors: Yvonne Braeutigam, yvonne.braeutigam at zew.de ; Patrick Pilarek, pilarek at zew.de E-mail: newsletter-en at zew.de Editorial assistants: Julia Glashauser; Sebastian Kreimes Responsibility: Gunter Grittmann, grittmann at zew.de Legal note: http://www.zew.eu/legalnote You can subscribe/unsubscribe at any time - online via http://www.zew.eu/newsletter or - mail to zew-newsletter-englishedition-request at mx-assp2.zew.de Subject: (leave blank!) Text: subscribe zew-newsletter-englishedition or unsubscribe zew-newsletter-englishedition _____________________________________________________________________ ------------------------------------------------------------------------ * *Messages sorted by:* [ date ] [ thread ] [ subject ] [ author ] ------------------------------------------------------------------------ More information about the Zew-newsletter-englishedition mailing list