1. Discussion und Working Paper // 2005

    Understanding Co-Operative R&D Activity: Evidence from Four European Countries

    This paper investigates co-operative research activity by firms using data from the 3rd Community Innovation Survey for four countries, France, Germany, Spain and the UK. We build on the Cassiman and Veugelers…

  2. Monographie // 2005

    Post Merger Integration der Forschung und Entwicklung

    Innovationen gelten als Schlüsselelement einer erfolgreichen Unternehmensführung. Allerdings ist weitgehend unklar, wie sich Fusionen und Akquisitionen auf die Innovationsfähigkeit auswirken und wie im Anschluss…

  3. ZEW Discussion Paper Nr. 05-74 // 2005

    Who Chooses Whom? Syndication, Skills and Reputation

    Syndication, which is a joint realization of one project/one investment by several capital providers, is a long existing phenomenon that plays a central role in many financial market segments. Within this paper…

  4. ZEW Discussion Paper Nr. 05-70 // 2005

    Does it Pay to Watch Central Bankers’ Lips? The Information Content of ECB Wording

    In this analysis, the informational content of central bank rhetoric is assessed based on the experience with the ECB since 1999. Among the ECB’s communication channels we focus on the monthly press conferences.…

  5. ZEW Discussion Paper Nr. 05-69 // 2005

    Unterschiede zwischen Fiskal- und Geldpolitik und die Konsequenzen für eine Delegation

    Dieser Artikel beschäftigt sich mit den Unterschieden zwischen Geld- und Fiskalpolitik, die für die unterschiedliche institutionelle Ausgestaltung dieser beiden Bereiche der Wirtschaftspolitik in der…

  6. ZEW Discussion Paper Nr. 05-68 // 2005

    The Targeted Negative Income Tax (TNIT) in Germany: Evidence from a Quasi Experiment

    We report empirical evidence from the first field experiments to be conducted in Germany with program and control groups between 1999 and 2002. The evaluated program called ”Targeted Negative Income Tax (TNIT)”…

  7. ZEW Discussion Paper Nr. 05-67 // 2005

    Application of a Simple Nonparametric Conditional Quantile Function Estimator in Unemployment Duration Analysis

    In many econometric applications it is unclear from the very beginning whether a parametric functional of a continuous regressor should be specified as a linear, as a higher order polynomial or as a piecewise…

  8. ZEW Discussion Paper Nr. 05-66 // 2005

    Vocational Training and Gender: Wages and Occupational Mobility Among Young Workers

    This paper investigates the relationship between the gender wage gap, the choice of training occupation, and occupational mobility. We use longitudinal data for young workers with apprenticeship training in West…

  9. ZEW Discussion Paper Nr. 05-64 // 2005

    Exchange Rate or Wage Changes in International Adjustment? Japan and China versus the United States

    Under the world dollar standard, a discrete appreciation by a dollar creditor country of the United States, such as China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the…