Based on a spatially augmented gravity model the current paper isolates spatial interrelationships in Foreign Direct Investment (FDI) to Central and Eastern European Countries (CEECs) not only across the destination but also across the origin country dimension of FDI. Results show that: (i)...

This empirical research note documents the relationship between composition of a firm's workforce (with a special focus on age and gender) and its performance with respect to innovative activities (outlays and employment in research and development (R&D)) for a large representative sample of...

This paper contributes to the literature by providing the first evidence on the link between innovation activities (measured by the share of engineers and scientists in the workforce) and exports of German business services firms based on a large representative longitudinal sample of...

This study provides the first comparative evidence of foreign and domestic acquisitions in Germany. A propensity score matching approach combined with a difference-in-difference estimator were performed separately for foreign and domestic acquisitions to account for a general takeover effect....

This paper observes sexual orientation based differences in German incomes. Gay men and lesbian women sort themselves into different occupations and sectors than their heterosexual counterparts. I find evidence that cohabitating gay men have an income penalty of 9 to 10 percent compared with...

This paper uses newly available data for German business services firms to test a hypothesis derived by Bustos (AER 2011) in a model that explains the decision of heterogeneous firms to export and to engage in R&D. Using a non-parametric test for first order stochastic dominance it is shown...

This study focuses on ex ante performance of domestic and foreign takeover targets in Germany, one of the most important FDI inflow destinations worldwide. Using a new database from German official statistics, unconditional comparisons as well as binary response model estimations of takeover...

Repräsentative Längsschnittdaten für Firmen (Betriebe bzw. Unternehmen), die für wissenschaftliche Auswertungen genutzt werden können, stammen in Deutschland vor allem aus zwei Quellen, dem IAB-Betriebspanel und den AFiD-Panel, wobei das Akronym AFiD für Amtliche Firmendaten für...

This paper uses comprehensive high-quality panel data from official statistics for exporting enterprises to investigate the micro-structure of the recent export recovery in 2010 in manufacturing industries in Germany after the great recession of 2008/2009. Almost all of the increase in exports...

Die monetaristische Geldtheorie gesteht zwar dem Geld als Luxusgut einen eigenen Nutzen zu, gelangt aber erst durch eine kritische Synthese mit der keynesianischen Liquiditätstheorie des Zinses zu sinnvollen Ergebnissen. Sowohl Milton Friedmans Idee, das Wohlfahrtsoptimum durch eine Deflation...