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Hayo, Bernd; Uhl, Matthias - 2012

This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find considerable variations: estimated output multipliers lie...

Persistent link: https://www.econbiz.de/10009534065

Vocational schools as an instrument of interregional competition : empirical evidence from German counties

Bischoff, Ivo; Hauschildt, Julia - 2017 - Version: May 17, 2017

The German apprenticeship system is widely known throughout the world. We analyze expenditures on vocational schools on county level using data from 213 West-German counties between 2001 and 2006. We use spatial econometrics to test for spatial correlation in counties' expenditure on vocational...

Persistent link: https://www.econbiz.de/10011649071

Housing market convergence : evidence from Germany

Unal, Umut; Hayo, Bernd; Erol, Isil - 2022

This paper provides an analysis of the convergence pattern of German housing prices and rents employing a new dataset … that covers all the country's administrative districts. In addition to conventional tests for 𝛽-convergence and 𝜎-convergence … districts. Our results reveal no evidence of convergence across Germany or within states; rather, we discover widespread …

Persistent link: https://www.econbiz.de/10013460037

Geography, parental investment, and comparative economic Development

Grall, Lothar - 2016

This paper suggests differential parental investment as a theoretical link between geographical conditions and comparative economic development, possibly accounting for the reversal of fortune in the process of development with respect to land productivity. The paper develops an evolutionary...

Persistent link: https://www.econbiz.de/10011575001

Values and norms matter : on the basic determinants of long-run economic development

Voigt, Stefan; Park, Sang-Min - 2008

Over the last couple of decades, it has become a commonplace to claim that institutions matterʺ for economic development. Yet, institutions are not exogenous but the result of hu-man action. It is argued here that the values and norms held by substantial parts of society’s members are an...

Persistent link: https://www.econbiz.de/10003865933

Remittance flows and U.S. monetary policy

Machasio, Immaculate; Tillmann, Peter - 2021 - This version: October 27, 2021

Remittance inflows are driven by macroeconomic conditions in the home and the host economies, respectively. In this paper, we study the effect of U.S. monetary policy on remittance flows into economies in Latin American and the Caribbean. The role of Fed policy for remittances has not yet been...

Persistent link: https://www.econbiz.de/10012694427

The role of R&D-intensive clusters for regional competitiveness

Kosfeld, Reinhold; Mitze, Timo - 2020

productivity growth is found within the context of conditional convergence across German regions. With regard to the underlying …

Persistent link: https://www.econbiz.de/10012149931

Market access, regional price level and wage disparities : the German case

Kosfeld, Reinhold; Eckey, Hans-Friedrich - 2008

In this paper we use the NEG framework of the Helpman model to investigate the spatial distribution of wages across German labour market regions under different assumptions. As the assumptions of equal regional price level and equal real wages are strongly rejected for the German economy,...

Persistent link: https://www.econbiz.de/10003865746

The importance of spatial autocorrelation for regional employment growth in Germany

Zierahn, Ulrich - 2010

In analyzing the disparities of the regional developments in the volume of employment in Germany, in the recent empirical literature so called shift-share-regression-models are frequently applied. However, these models usually neglect spatial interdependencies, even though such interdependencies...

Persistent link: https://www.econbiz.de/10008748286

Auswirkungen der Bevölkerungsentwicklung auf das wirtschaftliche Niveau der Regionen in Deutschland

Eckey, Hans-Friedrich; Kosfeld, Reinhold; Muraro, Nina - 2009

Gegenstand des Artikels ist die Schätzung einer Translog-Produktionsfunktion, die die Auswirkungen der Bevölkerungsentwicklung auf die Produktion heute und im Jahr 2020 betrachtet. Die Ergebnisse deuten auf eine Entwicklung hin, die zu steigenden Disparitäten führt. Schon heute ist ein...

Persistent link: https://www.econbiz.de/10003849368