Value-based management systems concentrate on actions that generate value for the shareholders in the wealth creation process (Fisher 1995; Lieber 1996; Walbert 1994). This study focuses explicitly on profitability, growth, and capital intensity as drivers of the value of the firm by extending a free...

This paper examines the determinants of functional income distribution in West Germany. The approach is to estimate a complete system of factor share equations for low-skilled labor, high-skilled labor, capital, energy, and materials, taking account of biased technological progress and...

Empirische und Theoretische Beiträge zum Thema SubstitutionDer thematische Schwerpunkt dieser Dissertation besteht in derökonometrischen Schätzung von Produktionsfunktionen (primaler Ansatz)beziehungsweise den dazu dualen Kostenfunktionen (dualer Ansatz) zum Zweckeder Bestimmung von...

This thesis deals with the employment double dividend (EDD) hypothesis which claims that an ecological tax reform leads to both a reduction in the unemployment rate and to lower pollution. It assesses the employment effects of ecological tax reforms in a computable general equilibrium (CGE)...

Full-text of this article is not available in this e-prints service. This article was originally published [following peer-review] in Review of Political Economy, published by and copyright Routledge.

In the time domain, the observed cyclical behavior of the real wage hides a range of economic influences that give rise to cycles of differing lengths and strengths. This may serve to produce a distorted picture of wage cyclicality. Here, we deploy frequency domain methods that allow us to asses...

This paper investigates the response of hours worked and real wages to fiscal policy shocks in the U.S. during the post World War II era. We identify these shocks with exogenous changes in military purchases and argue that they lead to a persistent increase in government purchases and tax rates...

Innovation is novelty - it involves doing new things in new ways. So new products, new processes, new organizational methods, new services, and so on, are all part of innovation. Technological innovation transforms and improves the technical attributes and performance characteristics of products...

The representative firm has been a much-criticized concept, subject to conflicting interpretations with respect to both its configuration and its intended role in Marshall's Principles (the Principles).2 The concept found itself a focal point of much of the debate during the significant cost...