ZEW Discussion Papers


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. 02-53 // 2002

    Allokationseffekte der Besteuerung im Rahmen des Fremdvergleichsgrundsatzes und des Einheitsprinzips

    In general, the allocation of income of multinational enterprises to several jurisdictions for corporate tax purposes follows the OECD standard of the arm’s length principle. In contrast to the theory of the…

  2. ZEW Discussion Paper No. 02-51 // 2002

    European Schemes of Social Assistance: An Empirical Analysis of Set-Ups and Distributive Impacts

    This paper analyses the distributive impacts of various regulatory and institutional settings of European schemes of social assistance. For this purpose, two sets of classifications of European schemes of social…

  3. ZEW Discussion Paper No. 02-50 // 2002

    Continuous Training and Firm Productivity in Germany

    This paper presents for the first time panel evidence on the productivity effects of training intensity and different training forms in Germany. It hereby takes account of selectivity of training activities,…

  4. ZEW Discussion Paper No. 02-49 // 2002

    Explaining the Level of Relative Investment Specialisation: A Spatial Econometric Analysis of EU Regions

    This paper analyses the level of relative specialisation in terms of gross fixed capital formation in EU regions. Larger market and regional sizes diminish; a higher unemployment rate, population density, the…

  5. ZEW Discussion Paper No. 02-48 // 2002

    Why Are Asset Returns Predictable?

    Starting from an information process governed by a geometric Brownian motion we show that asset returns are predictable if the elasticity of the pricing kernel is not constant. Declining [Increasing] elasticity…

  6. ZEW Discussion Paper No. 02-47 // 2002

    Investment Decisions and Tax Revenues Under an Allowance for Corporate Equity

    In recent years, some European countries have relied on elements of an allowance for corporate equity (ACE) in the design of their tax systems. We analyse the effects of ACE-based taxation on rates of return and…

  7. ZEW Discussion Paper No. 02-46 // 2002

    The Measurement of Effective Tax Rates: Common Themes in Business Management and Economics

    Economic agents who face the diversity of tax systems demand condensed but sophisticated information on effective tax burdens. We analyse common features and differences between important forward-looking…

  8. ZEW Discussion Paper No. 02-43 // 2002

    Does Experience Matter? Innovations and the Productivity of ICT in German Services

    In this paper, it is argued that ICT investment is closely linked with complementary innovations and most productive in firms with innovative experience. In an analysis based on firm–level panel data covering…

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