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School Fees and Vouchers when Quality of Education Matters German Economic Review (IF 1.1) Pub Date : 2024-03-05 Alessandro Balestrino, Lisa Grazzini, Annalisa Luporini
The aim of this paper is to analyse the role that quantity and quality of education may play in the design of public policies. In our model, educated people enjoy a premium on their incomes, and education generates a positive externality for the society. Households live in two areas with different socio-economic characteristics. Altruistic parents choose both the amount and the quality of schooling
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Regional Supply and Demand Fundamentals in the German Housing Price Boom German Economic Review (IF 1.1) Pub Date : 2023-12-12 Lars Brausewetter, Stephan L. Thomsen, Johannes Trunzer
Over the last decade, German housing prices have increased unprecedentedly. Drawing on quality-adjusted housing price data at the district level, we show that regional fundamentals explain up to two-thirds of between-region and 77 to 87 percent of within-region variation in price growth. Price increases were driven mainly by co-movements in local demand fundamentals, notably population density and
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Competing for Jobs: How COVID-19 Changes Search Behaviour in the Labour Market German Economic Review (IF 1.1) Pub Date : 2023-12-06 Anja Bauer, Kristin Keveloh, Mariano Mamertino, Enzo Weber
We provide insights on how job search changed in the Covid-19-crisis by analysing data from the LinkedIn professional network for Germany. We find that competition among workers for jobs strongly increased – which is due to additional job seekers rather than higher search intensity. Furthermore, the LinkedIn data show that people from industries particularly affected by the crisis applied much more
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System Relevance and Firm Performance Due to COVID-19 German Economic Review (IF 1.1) Pub Date : 2023-12-06 Michael J. Böhm, Pamela Qendrai
We study the impact of COVID-19 on firm performance. Using financial accounts of a large number of German firms, we document that industry affiliation is an important economic dimension of the crisis. Motivated by this fact, we analyze an important industry-specific regulation, system relevance, which allows businesses to remain open in times of lockdown and other restrictions. A difference-in-differences
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Don’t Look Up: House Prices in Emerging Europe German Economic Review (IF 1.319) Pub Date : 2023-10-16 Serhan Cevik, Sadhna Naik
This paper investigates how housing prices respond to economic, financial and demographic conditions in emerging markets in Europe. We use quarterly data covering 10 countries over the period 1998–2022 and implement a panel quantile regression approach to obtain a granular analysis of real estate markets. Overall, economic, financial and demographic developments explain real house price growth in emerging
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Show Me the Money: Tracking Consumer Spending with Daily Card Transaction Data During the Pandemic German Economic Review (IF 1.319) Pub Date : 2023-09-01 Serhan Cevik
The COVID-19 pandemic has been an unprecedented shock to economic activity with abrupt and unexpected changes in household consumption behavior. This paper investigates how the spread of the pandemic and government interventions have affected consumer spending using daily card transaction data in the Baltics. The analysis shows significant effects on the amount and composition of debit and credit card
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Corona and the Cross: Religious Affiliation, Church Bans, and Covid Infections German Economic Review (IF 1.319) Pub Date : 2023-08-14 Holger Strulik, Slava Yakubenko
We examine the effectiveness of church service bans in containing the spread of Covid-19 in Germany. We furthermore investigate how differences in the local religious affiliations affect infections and the effectiveness of church bans and other church-related restrictions. We find that, without a ban, infections per capita are higher in districts (Landkreise) with larger shares of religious population
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Experience and Firms’ Financing Behavior: A Behavioral Perspective German Economic Review (IF 1.319) Pub Date : 2023-07-31 Jarko Fidrmuc, Florian Horky
Using multinomial logit methodology for financing application decisions for bank loans, credit lines and trade credits, we show that firms’ financial behavior is driven by their lagged experience. Moreover, the optimism and pessimism of firms (animal spirit) is another important determinant. Our results stress the importance of the behavioral perspective to corporate finance. The policy of quantitative
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The Instability of the Market for Government Bonds in the EMU German Economic Review (IF 1.319) Pub Date : 2023-05-22 Joern Kleinert
The introduction of the Transmission Protection Instrument is the latest evidence, that the EMU is confronted with unstable markets for government bonds. Based on a parsimonious model of the government bond market, I argue, that this results from the introduction of the euro, which has homogenized government bonds. Now, several easily substitutable bonds are traded at the same time. Investors sort
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The Impact of the German Fuel Discount on Prices at the Petrol Pump German Economic Review (IF 1.319) Pub Date : 2023-05-17 Volker Seiler, Nico Stöckmann
This paper investigates the price impact of the fuel discount in Germany, which was introduced between June and August 2022 to partially compensate increased energy costs. Using the augmented synthetic control method (ASCM) to construct the counterfactual, we provide quantitative evidence to the heated debate concerning the impact of this policy tool and find the fuel discount to have decreased consumer
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Interest Rate Persistence and Monetary Policy Rule in Light of Model Uncertainty German Economic Review (IF 1.319) Pub Date : 2023-03-29 Shou-Yung Yin, Chang-Ching Lin, Ming-Jen Chang
We study how model uncertainty affects the understanding of the interest rate persistence using a generalized Taylor-rule function covering numerous submodels via model average approach. The data-driven weights can be regarded as a measure of power-sharing across monetary policy committee members. We show that the model uncertainty is important in Canada, France, and Sweden, and the implied weights
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Extreme Weather Events and Economic Activity: The Case of Low Water Levels on the Rhine River German Economic Review (IF 1.319) Pub Date : 2023-03-14 Martin Ademmer, Nils Jannsen, Saskia Meuchelböck
We make use of historical data on water levels on the Rhine river to analyze the impact of weather-related supply shocks on economic activity in Germany. Our analysis shows that low water levels lead to severe disruptions in inland water transportation and cause a significant and economically meaningful decrease of economic activity. In a month with 30 days of low water, industrial production in Germany
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The Impact of COVID-19 on Bank Profitability: Cross-Country Evidence German Economic Review (IF 1.319) Pub Date : 2023-02-07 Emmanuelle Augeraud-Véron, Whelsy Boungou
Using data from 5474 banks located in 23 OECD countries over the period 2019Q2–2022Q1, we study the influence of COVID-19 on bank profitability (before and during the COVID-19 vaccination period). Our results show a negative impact of the COVID-19 pandemic on bank profitability, especially at the onset of the health crisis. In addition, we find that vaccination against COVID-19 had a positive effect
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How do people discount over spatial distance? German Economic Review (IF 1.319) Pub Date : 2022-12-09 Lisa Bruttel, Niklas Ziemann
This paper studies how individuals discount the utility they derive from their provision of goods over spatial distance. In a controlled laboratory experiment in Germany, we elicit preferences for the provision of the same good at different locations. To isolate spatial preferences from any other direct value of the goods being close to the individual, we focus on goods with “existence value.” We find
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Team performance and the perception of being observed: Experimental evidence from top-level professional football German Economic Review (IF 1.319) Pub Date : 2022-10-20 Massimiliano Ferraresi, Gianluca Gucciardi
We exploit the natural experimental setting provided by the Covid-19 lockdown to analyse how performance is affected by a friendly audience. Specifically, we use data on all football matches in the top-level competitions across France, Germany, Italy, Spain, and the United Kingdom over the 2019/2020 season. We compare the difference between the number of points gained by teams playing at home and teams
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The gender division of unpaid care work throughout the COVID-19 pandemic in Germany German Economic Review (IF 1.319) Pub Date : 2022-07-27 Jonas Jessen, C. Katharina Spiess, Sevrin Waights, Katharina Wrohlich
The COVID-19 pandemic and related closures of day care centres and schools significantly increased the amount of care work done by parents. There has been much speculation over whether the pandemic increased or decreased gender equality in parental care work. Based on representative data for Germany from spring 2020 and winter 2021 we present an empirical analysis that shows that although gender inequality
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Heterogeneous capital tax competition in a federation with asymmetric tax compliance German Economic Review (IF 1.319) Pub Date : 2022-07-26 Lisa Grazzini, Alessandro Petretto
In a federal country with two regions, consumers can decide not only the region where to invest, but also the type of capital investment. We analyse how such decision is affected by the fact that a first type of capital is taxed at a regional level while a second one is taxed at a federal level with tax compliance for federal taxation varying across regions. A standard horizontal tax competition arises
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Reference pricing systems on the pharmaceutical market German Economic Review (IF 1.319) Pub Date : 2022-05-10 Maximiliane Unsorg
Constantly rising expenditures for pharmaceuticals require government intervention in firms’ pricing decisions. To this end, reference pricing systems are a frequently employed regulatory mechanism. This paper considers a duopoly market with vertically differentiated firms highlighting the effects of a reference pricing system on prices, consumer and producer surplus, expenditures and welfare. Reference
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Thinning out spectators: Did football matches contribute to the second COVID-19 wave in Germany? German Economic Review (IF 1.319) Pub Date : 2022-04-29 Kai Fischer
The COVID-19 pandemic has decelerated substantial parts of economic and human interaction. This paper estimates football matches’ contribution to the spread of COVID-19 during Germany’s second infection wave in summer and autumn 2020. Exploiting the exogenous fixture schedules of matches across German counties in an event study design, we estimate that one additional match in a county on average raises
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Economic complexity and productivity polarization: Evidence from Italian provinces German Economic Review (IF 1.319) Pub Date : 2022-03-19 Roberto Basile, Gloria Cicerone
In this paper, we analyze the role of economic complexity as a driver of regional labor productivity growth in Italy. The Economic Complexity Index (ECI) measures the multiplicity of knowledge embedded in an economy’s productive structure and can be interpreted as an indicator of “qualified diversity”. We assess the impact of ECI on the distribution dynamics of labor productivity by combining growth
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Too much of a good thing? Households’ macroeconomic conditions and credit dynamics German Economic Review (IF 1.319) Pub Date : 2022-02-18 Martin Hodula, Simona Malovaná, Jan Frait
Favorable macroeconomic conditions, accompanied by optimistic consumer confidence, can stimulate and shape households’ expectations in such a way that they gradually extrapolate the view of good times lasting “forever”. As a consequence, households can then be inclined to accept a much higher level of indebtedness – higher than they would be willing to take on if they were to correctly perceive a discontinuation
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Missing growth measurement in Germany German Economic Review (IF 1.319) Pub Date : 2022-02-08 Sven Schreiber, Vanessa Schmidt
Using detailed establishment-level micro data, this paper analyzes for the German case the hypothesis by Aghion et al. (2019), stating that officially published figures for real output growth would be systematically understated. The effect rests on overstated inflation estimates due to imputed prices for disappearing goods and services varieties, where measurable plant entry and exit dynamics play
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On the effects of e-participation on shadow economy: a worldwide empirical analysis German Economic Review (IF 1.319) Pub Date : 2022-02-01 Agnese Sacchi, Raffaella Santolini, Friedrich Schneider
This paper explores the relationship between the e-participation attitude of citizens and the size of the shadow economy, whose consequences could be detrimental to countries’ economic development. We exploit a rich panel dataset for 149 countries characterized by a large digital divide within their public sectors, different levels of both income and democratic institutions at work over years 2003–2015
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Frontmatter German Economic Review (IF 1.319) Pub Date : 2022-02-01
Article Frontmatter was published on February 1, 2022 in the journal German Economic Review (volume 23, issue 1).
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Nudging openly – An experimental analysis of nudge transparency in a public goods setting German Economic Review (IF 1.319) Pub Date : 2022-02-01 Erika Große Hokamp, Joachim Weimann
Around the world, policy makers and public authorities are increasingly turning to behaviorally informed interventions (“nudges”) in order to help tackle important contexts of public policy. Despite their impressive merit record, these policy tools have been heavily criticized as being obscure and manipulative, thus facing challenges for their legitimate assertion in the regulatory toolkit. In this
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Dynamic inefficiency and fiscal interventions in an economy with land and transaction costs German Economic Review (IF 1.319) Pub Date : 2022-02-01 Martin F. Hellwig
The paper contributes to the discussion on whether real interest rates below real growth rates can be taken as evidence of dynamic inefficiency so that some fiscal intervention may be called for. A seemingly killing objection points to land, a non-produced durable asset in positive supply, as a reason why dynamic inefficiency can be ruled out. If real interest rates were expected to be below real growth
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“Thanks in advance” – The negative effect of a polite phrase on compliance with a request German Economic Review (IF 1.319) Pub Date : 2022-02-01 Lisa Bruttel, Juri Nithammer, Florian Stolley
This paper studies the effect of the commonly used phrase “thanks in advance” on compliance with a small request. In a controlled laboratory experiment we ask participants to give a detailed answer to an open question. The treatment variable is whether or not they see the phrase “thanks in advance.” Our participants react to the treatment by exerting less effort in answering the request even though
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A direct measure of subjective business uncertainty German Economic Review (IF 1.319) Pub Date : 2022-02-01 Christian Glocker, Werner Hölzl
We present an uncertainty measure that is based on a business survey in which uncertainty is captured directly by a qualitative question on subjective uncertainty regarding expectations. Uncertainty perceptions display persistence at the firm level and changes are associated with past business assessments and expectations. While our uncertainty measure correlates with commonly used alternatives, it
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The effect of retirement on social relationships German Economic Review (IF 1.319) Pub Date : 2022-01-07 Simona Lorena Comi, Elena Cottini, Claudio Lucifora
We analyze the causal effect of retirement on individual social relationships using data from the Survey of Health, Ageing and Retirement in Europe. We find that retirement changes the composition of the individual’s social network, inducing a substitution between weak (friends or colleagues) and strong ties (family), along with an increase in the intensity of the surviving ties, and there is no effect
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Market structure and horizontal growth strategies – A case study of the container shipping industry German Economic Review (IF 1.319) Pub Date : 2022-01-04 Nguyen Khoi Tran
This article aims to review the structural transformation in the container shipping industry from 1995 to 2020 and identify the growth strategies of global carriers to enhance their market presence. Along with large investments in mega vessels, the growing deployment of charter capacity in all ship sectors has been a prominent trend in fleet expansion. The waves of mergers/acquisitions and bankruptcies
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Immigration and anti-immigrant voting in the 2017 German parliamentary election German Economic Review (IF 1.319) Pub Date : 2021-12-09 Kim Leonie Kellermann, Simon Winter
We empirically examine the relationship between immigration and votes for the Alternative für Deutschland (AfD) in the 2017 German parliamentary election. We conduct a cross-sectional analysis, exploiting election results and socio-demographic as well as geographic features of the 401 German administrative districts. We find that immigration has a negative effect on AfD voting. A 1 percentage point
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A macro-level analysis of language learning and migration German Economic Review (IF 1.319) Pub Date : 2021-11-19 Silke Uebelmesser, Ann-Marie Sommerfeld, Severin Weingarten
This article investigates the macro-level drivers of adult-age language learning with a focus on migration based on a new dataset on German language learning in 77 countries (including Germany) for 1992–2006. Fixed-effects regressions show that language learning abroad is strongly associated with immigration from countries of the European Union and the Schengen Area whose citizens enjoy free access
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Skill complementarity in production technology: New empirical evidence and implications German Economic Review (IF 1.319) Pub Date : 2021-10-15 Andrey Stoyanov, Nick Zubanov
Danish manufacturing firm data reveal that 1) industries differ in within-firm worker skill (= wage) dispersion, and 2) within-firm skill dispersion positively correlates with firm productivity in industries with higher average skill dispersion. We argue that these patterns reflect technological differences between industries: firms in the “skill complementarity” industries profit from hiring similarly
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Do balanced-budget fiscal stimuli of investment increase its economic value? German Economic Review (IF 1.319) Pub Date : 2021-09-17 Cesare Dosi, Michele Moretto, Roberto Tamborini
We examine the timing of a business investment providing valuable external benefits to society. A surge in uncertainty about private returns, a typical feature if not a cause of recessions, delays capital outlays to an extent that may be detrimental to social welfare. Is there an efficiency-improving public policy directed at accelerating investment? By real option analysis, we try answering this question
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Après-ski: The spread of coronavirus from Ischgl through Germany German Economic Review (IF 1.319) Pub Date : 2021-06-23 Gabriel Felbermayr, Julian Hinz, Sonali Chowdhry
The Austrian ski resort of Ischgl is commonly claimed to be ground zero for the diffusion of the SARS-CoV-2 virus in the first wave of infections experienced by Germany. Drawing on data for 401 German counties, we find that conditional on geographical latitude and testing behavior by health authorities, road distance to Ischgl is indeed an important predictor of infection cases, but – in line with
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The effects of financing rules in pay-as-you-go pension systems on the life and the business cycle German Economic Review (IF 1.319) Pub Date : 2021-05-12 Christian Scharrer
Empirically, revenues of public pension systems are more volatile than expenditures. Therefore, the question arises how the social security authority should buffer its revenues and adjust its contributions over the business cycle. This paper studies the corresponding effects on the life cycle of households and the business cycle in a large-scale overlapping generations model. In particular, the labor
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Frontmatter German Economic Review (IF 1.319) Pub Date : 2021-05-01
Article Frontmatter was published on May 1, 2021 in the journal German Economic Review (volume 22, issue 2).
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Skimming through search German Economic Review (IF 1.319) Pub Date : 2021-05-01 Evangelos Rouskas
I examine a two-period duopolistic market for a durable good where firms compete in prices. Consumers are heterogeneous and can be described according to the following characteristics (i) high valuation and high search intensity; (ii) high valuation and low search intensity; (iii) low valuation and high search intensity; and (iv) low valuation and low search intensity. The market exhibits a new version
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Do political parties matter? Evidence from German municipalities German Economic Review (IF 1.319) Pub Date : 2021-05-01 Nadine Riedel, Martin Simmler, Christian Wittrock
We assess whether the partisanship of local councils affects the level and composition of local public spending by German municipalities. Our identification strategy exploits changes in the party with the absolute majority in the local council, combining an instrumental variable strategy with a matching approach to address potential selection into treatment. We find evidence for strong partisan effects:
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In-group, out-group effects in distributional preferences: the case of gender German Economic Review (IF 1.319) Pub Date : 2021-05-01 Tarek Jaber-Lopez, Alexandra Baier, Brent J. Davis
We examine gender differences when eliciting distributional preferences as conducted by the Equality Equivalence Test, which has the ability to classify subjects into preferences types. Preferences are elicited when individuals interact with an individual of the same gender and with an individual of the opposite gender. We find elicited preferences are robust across both in-group (same gender) and
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Patents versus rewards: the implications of production inefficiency German Economic Review (IF 1.319) Pub Date : 2021-05-01 Aniruddha Bagchi, Arijit Mukherjee
It is believed that if there is no informational asymmetry between firms and the government, firms could be remunerated for innovation using optimal taxation rather than patents. We show that under reasonable conditions (such as the government’s inability to customise the tax rate for each firm), patent protection is preferable to a tax/subsidy scheme if the marginal costs of the imitators are sufficiently
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Income-(in)dependent equivalence scales and inequality measurement German Economic Review (IF 1.319) Pub Date : 2021-05-01 Christian Dudel, Jan Marvin Garbuszus, Notburga Ott, Martin Werding
Most equivalence scales that are applied in research on inequality do not depend on income, even though there is strong empirical evidence that equivalence scales are actually income-dependent. This paper explores the consistency of results derived from income-independent and income-dependent scales. We show that applying income-independent scales when income-dependent scales would be appropriate leads
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Keep your friends close and your enemies closer – the case of monetary policy and financial imbalances German Economic Review (IF 1.319) Pub Date : 2021-04-01 Małgorzata Iwanicz-Drozdowska, Łukasz Kurowski
The global financial crisis (GFC) has shown that monetary policy focused on a stable price level may negatively affect the stability of the financial system. Therefore, achieving price and financial stability using interest rates as the main tool is difficult. In this paper, we analyse how often monetary policy strengthened imbalances in the financial system in 20 countries from 1999Q1 to 2020Q2. To
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Frontmatter German Economic Review (IF 1.319) Pub Date : 2021-02-01
Article Frontmatter was published on February 1, 2021 in the journal German Economic Review (volume 22, issue 1).
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Survival of altruistic gatekeepers: Kickbacks in medical markets German Economic Review (IF 1.319) Pub Date : 2021-02-01 Erwin Amann, Stefan Felder
Patients often rely on the advice of their general practitioner (GP) to decide which treatment best fits their needs. Hospitals, in turn, might influence GPs’ referral decision through kickbacks. We present a model with a monopolistic hospital and competitive GPs who vary in the degree of altruism towards their heterogeneous patients and show that an equilibrium without crowding out exists that separates
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Take it to the (public) bank: The efficiency of public bank loans to private firms German Economic Review (IF 1.319) Pub Date : 2021-02-01 Anders Kärnä
Incomplete capital markets and credit constraints for small and medium-sized enterprises (SMEs) are often considered obstacles to economic growth, thus motivating government interventions in capital markets. While such policies are common, it is less clear to what extent these interventions result in firm growth or to which firms interventions should be targeted. Using a unique dataset with information
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Interest and credit risk management in German banks German Economic Review (IF 1.319) Pub Date : 2021-02-01 Vanessa Dräger, Lotta Heckmann-Draisbach, Christoph Memmel
Using unique data of a survey among small and medium-sized German banks, we analyze various aspects of risk management. We especially analyze the effect of a 200-bp increase in the interest level. We find that banks seem to reduce the volatility of their net interest margin by exposing themselves to interest rate risk, that they act as if they have a risk budget which they allocate either to interest
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Shadow banks and the risk-taking channel of monetary policy transmission in the euro area German Economic Review (IF 1.319) Pub Date : 2021-02-01 Arina Wischnewsky, Matthias Neuenkirch
We provide evidence for a risk-taking channel of monetary policy transmission in the euro area that works through an increase in shadow banks’ total asset growth and their risk assets ratio. Our dataset covers the period 2000Q1–2018Q3 and includes, in addition to the standard variables for real GDP growth, inflation, and the monetary policy stance, the aforementioned two indicators for the shadow banking
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Triplets, quads and quints: Estimating disaggregate trade elasticities with different odds ratios German Economic Review (IF 1.319) Pub Date : 2021-03-04 Adrienne Margarete Bohlmann
Trade elasticities are a crucial variable for research on international trade. Caliendo and Parro (2015) provide a novel method to estimate trade elasticities which is based on odds ratio triplets calculated from structural gravity equations. We find that these odds ratios can be set up not only as triplets, but also e. g. as quadruplets (quads) and quintuples (quints). We estimate trade elasticities
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Take it to the (public) bank: The efficiency of public bank loans to private firms German Economic Review (IF 1.319) Pub Date : 2021-02-13 Anders Kärnä
Incomplete capital markets and credit constraints for small and medium-sized enterprises (SMEs) are often considered obstacles to economic growth, thus motivating government interventions in capital markets. While such policies are common, it is less clear to what extent these interventions result in firm growth or to which firms interventions should be targeted. Using a unique dataset with information
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Trade and the size distribution of firms: Evidence from the German Empire German Economic Review (IF 1.319) Pub Date : 2021-01-22 Marcus Biermann
What effect did trade have on the size distribution of firms during the first wave of globalization? Three historical datasets from the German Empire between 1875 and 1907 were collected and harmonized to answer this question. This paper combines industry census and bilateral railway trade data from the same industry and region along with industry-level tariff data. The evidence shows that increases
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The benefits of remoteness – digital mobility data, regional road infrastructure, and COVID-19 infections German Economic Review (IF 1.319) Pub Date : 2021-01-22 Astrid Krenz, Holger Strulik
We investigate the regional distribution of the COVID-19 outbreak in Germany. We use a novel digital mobility dataset, that traces the undertaken trips on Easter Sunday 2020 and instrument them with regional accessibility as measured by the regional road infrastructure of Germany’s 401 NUTS III regions. We identify a robust negative association between the number of infected cases per capita and average
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Quality of politicians and electoral system. Evidence from a quasi-experimental design for Italian cities German Economic Review (IF 1.319) Pub Date : 2021-01-22 Marco Alberto De Benedetto, Elena D’Agostino, Giuseppe Sobbrio
We study the effect of the electoral system (single-ballot vs runoff) on the quality of politicians, measured by the average educational attainment, at the local level in Italy over the period 1994–2017. By exploiting the discontinuous voting rule shift nearby the 15,000 population cut-off, we have implemented a RDD and found that the change in the electoral scheme leads to an overall downward variation
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Microdatabase Direct Investment (MiDi) – A full survey of German inward and outward investment German Economic Review (IF 1.319) Pub Date : 2020-09-26 Sven Blank, Alexander Lipponer, Christopher-J. Schild, Dietmar Scholz
Abstract The research dataset “Microdatabase Direct Investment” is a dataset on foreign direct investment (FDI) stocks based on the official German FDI microdata. The original data are collected on an annual basis by the Deutsche Bundesbank to compile the FDI stock statistics for Germany. Making this official data available to researchers via the MiDi database provides a research dataset on direct
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German labour market data – Data provision and access for the international scientific community German Economic Review (IF 1.319) Pub Date : 2020-09-26 Dana Müller, Stefanie Wolter
Abstract The Research Data Centre at the Institute for Employment Research (RDC-IAB) has been offering high-quality administrative and survey data on the German labour market for 15 years and has become one of the most important locations worldwide for researchers interested in data for labour market research. This article provides an overview of the RDC-IAB, including its data and access modes. The
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The economic research potentials of the German Socio-Economic Panel study German Economic Review (IF 1.319) Pub Date : 2020-09-26 Carsten Schröder, Johannes König, Alexandra Fedorets, Jan Goebel, Markus M. Grabka, Holger Lüthen, Maria Metzing, Felicitas Schikora, Stefan Liebig
Abstract We provide a concise introduction to a household-panel data infrastructure that provides the international research community with longitudinal data of private households in Germany since 1984: the German Socio-Economic Panel (SOEP). We demonstrate the comparative strength of the SOEP data in answering economically-relevant questions by highlighting its diverse and impactful applications throughout
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The Panel on Household Finances (PHF) – Microdata on household wealth in Germany German Economic Review (IF 1.319) Pub Date : 2020-09-26 Kristina Altmann, René Bernard, Julia Le Blanc, Enikö Gabor-Toth, Malik Hebbat, Lisa Kothmayr, Tobias Schmidt, Panagiota Tzamourani, Daniel Werner, Junyi Zhu
Abstract The Panel on Household Finances (PHF) has established itself as one of the leading sources of microdata on households’ wealth in Germany since its inception in 2010. Over the last ten years, more than 7,583 households have participated in the surveys in 2010–11, 2014 and 2017, many of them taking part more than once (3,734 households). This paper provides an overview of the contents, main
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Real estate data for Germany (RWI-GEO-RED) German Economic Review (IF 1.319) Pub Date : 2020-09-26 Philipp Breidenbach, Sandra Schaffner
Abstract The development and conditions of the housing market are an important part of economic research, receiving growing attention also in Germany. The RWI-GEO-RED dataset covers data for the German residential housing market from 2007 onwards on 1 km² level and closes the gap for small-scale, nationwide and up-to-date housing data for Germany. The data has a large potential in analyzing the real
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Introduction to the special issue on German micro datasets German Economic Review (IF 1.319) Pub Date : 2020-08-20 Peter H. Egger
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Does retail trading matter to price discovery? German Economic Review (IF 1.319) Pub Date : 2020-07-01 Tao Chen
Abstract The diminishing importance of retail investors and the institutionalization of markets are arguably a result of the general perception that individuals are not well informed and, hence, are better off using professional services (Davis, 2009). However, this paper provides evidence supporting the opposite. Using a global sample, we examine whether retail trading is informative around the world