1. ZEW Discussion Paper Nr. 03-63 // 2003

    R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection Models

    This paper analyzes the effects of public R&D subsidies on R&D expenditure in the German manufacturing sector. The focus is on the question whether public R&D funding stimulates or crowds out private investment.…

  2. Referierte Fachzeitschrift // 2003

    Kombilohn oder workfare? Zur Wirksamkeit zweier arbeitsmarktpolitischer Strategien

    Das heutige System der sozialen Mindestsicherung verhindert in Deutschland die Ausbildung eines Niedriglohnsektors. Dies ist eine wesentliche Ursache für die hohe Arbeitslosigkeit Geringqualifizierter. Dieser…

  3. ZEW Discussion Paper Nr. 03-36 // 2003

    The Connection of Stock Markets Between Germany and the USA

    This paper uses an empirical connection between real stock market indices of Germany and the USA for forecasting corresponding returns. We are starting from the random walk as the traditional forecasting model…