1. 21.12.1999 · ZEW (sel)
    Research
    Renewable Energies | Network operators | Electricity Feeding Act

    The draft bill of the government parties for a German Renewable Energy Act addresses many criticisms of renewable energy associations and power supply companies concerning the current Electricity Feed Act ("Stromeinspeisegesetz"). Both from a regulatory standpoint as well as in the context of European law and constitutional concerns, however, the current draft can only be a temporary solution in case of its implementation.

    Read more

  2. 21.12.1999 · ZEW (sel)
    Research
    European Tax Analyzer | Tax reform | Federal Government

    On December 21st, 1999, the German government tabled the key proposals for their "Tax Reform Package 2000". Accordingly, the aim is to create additional incentives for investors and thus to shore Germany's international competitive position. At the heart of the package is a proposal to cut corporate taxes on retained profits from 40 per cent and on distributed profits from 30 per cent to the uniform rate of 25 per cent with effect from January 1st, 2001. The dividend imputation system will be abolished and replaced by a so-called half-income assessment method, according to which only 50 per cent of the dividend will be deemed taxable income in order to reduce the effect of double taxation from income and corporate income tax. The reciprocal financing measures include a reduction of degressive depreciation rates for movable assets (e.g. machines) from 30 to 20 per cent and for immovables from four to three per cent.

    Read more

  3. 25.11.1999 · ZEW (sel)
    Research
    Monetary Developments | Monetary policy decisions | ECB | Capital Market

    Dissatisfaction prevails among many players on the capital market due to the lack of transparency in ECB decision-making. For the first time, this dissatisfaction was captured empirically by a survey conveyed by the Centre for European Economic Research (ZEW) in Mannheim. The survey polled 330 financial market experts from banks, insurances and companies based in Germany. When asked about the transparency in ECB decision-making regarding monetary policy, 53.3 per cent of financial experts held that the ECB Governing Council does not yet provide a sufficient level of transparency in this regard. By contrast, 46.7 per cent deem the decision-making process to be sufficiently predictable.

    Read more

  4. 19.11.1999 · ZEW (sel)
    Research
    Business related service providers | collective agreement

    The formation of the ver.di trade union for the services' sector planned for this week gives rise to the question as to extent of the compliance with collective agreements in the services sector. In any case, it is far below the macroeconomic average in the business-related services sector. For instance, only about one third of the revenue in this sector is generated by businesses complying with collective agreements. This is the result of a representative survey among 1,100 business-related service providers carried out by the Centre for European Economic Research (ZEW) in Mannheim, in collaboration with the "Verband der Vereine Creditreform" in Neuss. The economic sector of business-related services encompasses tax advisors and certified public accountants, business consultants, architects, technical consultants and planners, vehicle renting, machine renting, cargo handling and logistic firms, software providers, advertising agencies and waste management firms.

    Read more

  5. 08.11.1999 · ZEW (sel)
    Research
    Occupational pension schemes | old age provision

    The increasingly heated debate on pensions during the last months has revealed that, in the future, individuals will need to make additional pension provisions going beyond the statutory pension insurance in order to safeguard the accustomed standard of living in old age. At the same time, many businesses find themselves forced to revise and modify their previous workplace pension scheme due to the growing international competitive pressure. Other firms are concerned with the question whether the introduction of a workplace pension scheme as part of an attractive compensation package holds any advantages for them.

    Read more

  6. 05.11.1999 · ZEW (sel)
    Research
    savings promotions | Promotional measures | Private asset formation

    In the context of the current discussion about the introduction of privately funded elements into the old-age security system, the Centre for European Economic Research (ZEW) in Mannheim conducted a survey among 400 financial market analysts from banks, insurances and businesses in October 1999. The experts were asked to evaluate the effects of the government savings programme regarding private capital formation. Furthermore, they were asked to give their opinion on which measures should be given preference.

    Read more

  7. 04.11.1999 · ZEW (sel)
    Conferences
    Art exhibition | ZEW

    From November 15 to December 23, 1999, ZEW (L 7,1 68161 Mannheim) will host an exhibition with works by Eberhard Fiebig, Nicole König, Wolfgang Thies, and Jens Trimpin. The exhibition is open to visitors Monday to Friday from 9.00 a.m. to 4.30 p.m. The exhibition will feature pyrographies (wood burnings of floral appeal) by Eberhard Fiebig; figurative sculptures, particularly portraits, by Nicole König; computer-generated graphics by Wolfgang Thies, and stone sculptures by Jens Trimpin.

    Read more

  8. 29.10.1999 · ZEW (sel)
    Research
    Export | Innovation activity

    Innovative businesses from the services sector export more often than their less innovative competitors. This is the result of a current study by the Centre for European Economic Research (ZEW) in Mannheim. For the first time the connection between innovation activity and the exports of a company in the services sector was analysed. There have already been some studies on this topic for the processing industries. Those studies revealed that in the processing industries, too, innovation activity has a positive influence on the export behaviour of businesses. The ZEW study further shows that the qualification of the staff likewise exerts an influence on the export activity: Service providers with higher qualified staff export more often.

    Read more

  9. 19.10.1999 · ZEW (sel)
    Research
    Business related service providers | Employee training

    In the third quarter of 1999, growth in the business-related service sector has slightly weakened in comparison to the previous quarter. The seasonally adjusted annual rate of turnover has increased by half a percentage point in comparison to the previous quarter, rising to 3.9 per cent. The rate of growth in turnover, however, still remains significantly lower than the record levels reached in mid-1998. The rate of economic growth of business-related service providers has nonetheless picked up speed. The first quarter of this year saw a significant economic downturn in this sector. The second quarter of 1999, however, saw the economic situation stabilise.

    Read more

  10. 12.10.1999 · ZEW (sel)
    Research
    Nuclear phase-out | Nuclear Energy | Competition

    The period until nuclear reactors are shut-down and how to determine it remain a point of contention in the negotiations for a regulated nuclear phase-out. Opponents of nuclear energy, on a political level primarily represented by the governing Green Party (Die Grünen/Bündnis '90), demand a maximum period of 25 to 30 calendar years until the final shut-down of nuclear plants. Those in favour of nuclear energy, however, in particular private companies owning nuclear plants, insist that reactors should remain in operation for 40 "full-capacity" years. This issue is so hotly debated because the final decision will determine not only when the last nuclear plant is shut down, but also the overall costs which will arise as a result of the nuclear phase out. Indeed, the choice to go for one or other of the phase out options will determine the potential costs faced by individual owners of nuclear power stations and will thus have a significant impact on the competitiveness of energy providers. In a recent study, ZEW has investigated how an earlier nuclear phase-out might affect the magnitude and distribution of costs faced by companies in possession of nuclear plants. The costs implicated in an early phase-out were measured and compared to a reference scenario, in which nuclear plants would continue to be used 40 "full-capacity years" (see graphic 1).

    Read more

Contact

Press Officer

Phone: +49 0621 1235-133

sabine.elbert@zew.de