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Employment effects of innovations over the business cycle: Firm-level evidence from European countries

Dachs, Bernhard; Hud, Martin; Koehler, Christian; … - 2016

, we investigate the employment effects of innovations over the business cycle. Our analysis employs a large data set of …. (2014), our empirical analysis reveals four important findings: First, the net effect of product innovation on employment … demand losses from old products by demand gains of new products to a substantial degree. As a result their net employment …

Persistent link: https://www.econbiz.de/10011562003

EU enlargement and immigration

Kraus, Margit; Schwager, Robert - 2000

This paper assesses the consequences of EU enlargement for East West migration. In the theoretical part, we identify several factors in addition to the reduction of moving costs by which EU membership influences migration. Specifically, EU accession affects income gaps. Moreover, if EU...

Persistent link: https://www.econbiz.de/10010297670

The Impact of Personal and Corporate Taxation on Capital Structure Choices

Voeller, Dennis; Overesch, Michael - 2008

This paper empirically analyses whether both personal and corporate taxation have an impact on companies' capital structure decisions. We investigate the effect of the difference in taxation of debt and equity financing on capital structures. Our empirical results, based on a comprehensive panel...

Persistent link: https://www.econbiz.de/10010298029

The threat of systemic risk in banking: evidence for Europe

Schüler, Martin - 2002

This paper attempts to answer the question whether the threat of systemic risk in banking exists only on a national or on a European level. Following De Nicolo and Kwast (2001), mean rolling-window correlations between bank stock returns are used as a measure for interdependencies among European...

Persistent link: https://www.econbiz.de/10010298100

Systemic Risk in European Banking: Evidence from Bivariate GARCH Models

Schüler, Martin; Schröder, Michael - 2003

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 as an indication for the interdependencies amongst the banking business in Europe and...

Persistent link: https://www.econbiz.de/10010298129

The Political Economy of Corporate Tax Harmonization: Why Do European Politicians (Dis)like Minimum Tax Rates?

Osterloh, Steffen; Heinemann, Friedrich - 2008

Setting minimum tax rates is a well discussed way of mitigating pressure from tax competition. This paper investigates which motives shape the support for a minimum corporate tax among politicians. We make use of a unique data base: a survey among members of the European parliament. Our results...

Persistent link: https://www.econbiz.de/10010298690

The Impact of R&D Tax Incentives on R&D Costs and Income Tax Burden

Elschner, Christina; Ernst, Christof - 2008

We analyse R&D tax incentives in a detailed way considering a multi-period setting and economic assumptions which reflect a realistic economic environment. We measure the incentive's impact on the firm's total tax payments and the R&D cost by means of the simulation model European Tax Analyzer....

Persistent link: https://www.econbiz.de/10010298706

Common corporate tax base (CCTB) and effective tax burdens in the EU member states

Oestreicher, Andreas; Reister, Timo; Spengel, Christoph - 2009

The article assesses the impact of a Common Corporate Tax Base (CCTB) as promoted by the European Commission and the related Working Groups on the effective tax burdens of companies in all 27 EU member states. The results shall help to evaluate the economic consequences of introducing a...

Persistent link: https://www.econbiz.de/10010298798

A common corporate tax base for Europe: An impact assessment of the draft council directive on a CC(C)TB

Spengel, Christoph; Ortmann-Babel, Martina; Zinn, Benedikt - 2012

After intensive and extensive preparation, the European Commission released the long-awaited proposal for a Council Directive on a Common Consolidated Corporate Tax Base (CCCTB) on March 16, 2011. In the context of the Europe 2020 Strategy, major objectives of the proposed CCCTB are the...

Persistent link: https://www.econbiz.de/10010309285

Cartel overcharges and the deterrent effect of EU competition law

Smuda, Florian - 2012

This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment on the magnitude of overcharges is analyzed. The...

Persistent link: https://www.econbiz.de/10010309808