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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 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

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