ZEW Discussion Papers

Overview

Researchers at the ZEW participate in scientific debates by publishing their papers. The papers are predominantly in English (marked). For the German papers an English abstract is available. The contributions are intended for a final publication in special interest titles. The discussion papers can be downloaded as PDF or PostScript files starting from 1.1.1998. They aimed at national and international target groups.

  1. ZEW Discussion Paper No. 03-63 // 2003

    R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection Models

    This paper analyzes the effects of public R&D subsidies on R&D expenditure in the German manufacturing sector. The focus is on the question whether public R&D funding stimulates or crowds out private investment.…

  2. ZEW Discussion Paper No. 03-36 // 2003

    The Connection of Stock Markets Between Germany and the USA

    This paper uses an empirical connection between real stock market indices of Germany and the USA for forecasting corresponding returns. We are starting from the random walk as the traditional forecasting model…

  3. ZEW Discussion Paper No. 03-71 // 2003

    Eine empirische Analyse von Sanktionen für Arbeitslose in Westdeutschland während der 1980er und 1990er Jahre

    Diese Arbeit soll einen ersten Einblick in die Sanktionsinstrumente Sperrzeit und Säumniszeit für Leistungsempfänger der Bundesanstalt für Arbeit geben. Die Forschung basiert auf umfangreichen…

  4. ZEW Discussion Paper No. 03-56 // 2003

    Computable General Equilibrium Analysis: Opening a Black Box

    Computable general equilibrium models play an important role in applied economic research. These models accommodate the micro-consistent systematic analysis of complex economic problems where analytical…

  5. ZEW Discussion Paper No. 03-76 // 2003

    Option-Style Multi-Factor Comparable Company Valuation for Practical Use

    Classical single-factor comparable company valuation (CCV) like e.g. valuation using the price-earnings ratio is associated with several shortcomings. The two most important are the non-applicability of negative…

  6. ZEW Discussion Paper No. 03-74 // 2003

    Measuring Selectivity-Corrected Gender Wage Gaps in the EU

    We investigate different techniques to assess the gender pay gap in five EU countries (France, Germany, Italy, Spain and United Kingdom), focusing on self-selection into market work. Results show that selectivity…

  7. ZEW Discussion Paper No. 03-73 // 2003

    Efficiency, Compensation, and Discrimination: What is at Stake When Implementing the EU Emissions Trading Scheme?

    Abstract: In 2005, an EU-wide emissions trading scheme covering major CO2 producing sites shall comeinto power. The key objective of the trading scheme is to promote cost-efficiency of carbon reduction within…

  8. ZEW Discussion Paper No. 03-70 // 2003

    Reforming Social Welfare in Germany - An Applied General Equilibrium Analysis

    This paper analyses the effects of a social assistance reform in Germany. In contrast to studies which are based on microsimulation methods we use a computable general equilibrium model which incorporates a…

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