1. Discussion und Working Paper // 2003

    Öffentliche Förderung der Innovationsaktivitäten von Unternehmen in Deutschland

    Der Schwerpunktbericht analysiert Entwicklung und Struktur der staatlichen Förderung von FuE-Aktivitäten der Unternehmen in Deutschland. Betrachtet werden der staatliche Beitrag zur Finanzierung von…

  2. ZEW Discussion Paper Nr. 03-11 // 2003

    Systemic Risk in European Banking - Evidence from Bivariate GARCH Models

    This paper attempts to assess the Europe-wide systemic risk in banking. We employ a bivariate GARCH model to estimate conditional correlations between European bank stock indices. These correlations are used…

  3. ZEW Discussion Paper Nr. 03-08 // 2003

    On the Design of Optimal Grandfathering Schemes for Emission Allowances

    To meet its commitment under the Kyoto Protocol, the EU plans to implement an emissions trading system with grandfathering of allowances. Besides having distributional impacts, the choice of the grandfathering…

  4. ZEW Discussion Paper Nr. 03-07 // 2003

    The Link Between Firm-Level Innovation and Aggregate Productivity Growth A Cross-Country Examination

    This paper investigates whether failure in innovation at the firm level can account for cross-country heterogeneity in manufacturing productivity growth. There is no strong evidence in the literature on the…

  5. ZEW Discussion Paper Nr. 03-06 // 2003

    Dynamic Optimal Capital Structure and Technological Change

    This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm’s equity or bank-debt financing investments. Using a dynamic adjustment approach…

  6. ZEW Discussion Paper Nr. 03-04 // 2003

    IT Capital, Job Content and Educational Attainment

    Based on a large data set containing information on occupations between 1979 and 1999, this study explores the “black box” surrounding the skill–biased technological change hypothesis by analyzing the mechanisms…

  7. ZEW-Dokumentation Nr. 03-02 // 2003

    Spinoff-Gründungen aus der öffentlichen Forschung in Deutschland

    Wie alle entwickelten Volkswirtschaften ist auch die deutsche Wirtschaft in den letzten Jahren von einem umfassenden Strukturwandel gekennzeichnet. Dienstleistungsbranchen gewinnen gegenüber den industriellen…

  8. ZEW Discussion Paper Nr. 03-01 // 2003

    Lead Markets of Environmental Innovations: A Framework for Innovation and Environmental Economics

    Environmental regulations often want to stimulate the generation and adoption of ecoefficient innovations. An important argument in the public debate is also the creation of new markets for environmentally…