1. ZEW Discussion Paper Nr. 97-26 // 1997

    Double Dividend of Climate Protection and the Role of International Policy Coordination in the EU - An Applied General Equilibrium

    National economic concerns still hinder the implementation of effective policy measures that would enable a significant reduction of greenhouse gas emissions. Considering other economic problems like…

  2. ZEW Discussion Paper Nr. 97-23 // 1997

    A Simple Test of the Effiency Wage Hypothesis Revisted

    Gerlach and Stephan (1994) proposed a test based on the idea that the "wage premium", the part of the wage which is not explained by the stock of human capital, should help predict variables such as career…

  3. ZEW Discussion Paper Nr. 97-22 // 1997

    Welche Bedeutung haben Unternehmenscharakteristica und regionales Umfeld für die Beschäftigungsdynamik? Eine mikroökonometrische Analyse für das ostdeutsche Verarbeitende Gewerbe

    In this paper, we analyse the influence of firm characteristics and the regional environment on employment growth of East German manufacturing firms between 1992 and 1996. Our results confirm the negative impact…

  4. ZEW Discussion Paper Nr. 97-09 // 1997

    The determinates of BUND-future price changes: An ordered probit anlysis using DTB and LIFE-data

    This paper investigates the determinants of transaction price changes during BUND-future trading at Deutsche Terminborse (DTB) and London International Financial Futures Exchange (LIFFE). The analysis uses the…

  5. ZEW Discussion Paper Nr. 97-01 // 1997

    Businessmens Expectations are Neither Rational nor Adaptive

    A framework which allows for the joint testing ofthe adaptive and rational expectations hypotheses is presented. We assume joint normality of expectations, realizations and variablesin the information set,…

  6. ZEW-Dokumentation Nr. 97-04 // 1997

    G-Mind - German Market Indicator. Analyse des Stimmungsindikators und seine Subkomponenten

    Mitte September 1994 beauftragten die Vereinigten Wirtschaftsdienste (vwd) das Zentrum für Europäische Wirtschaftsforschung (ZEW), einen Indikator zu konstruieren, der die aktuelle Stimmung am deutschen…

  7. ZEW Discussion Paper Nr. 97-13 // 1997

    A Regulatory Framework for a Policy of Sustainability: Lessons from the Neo-Liberal School

    In this paper targets, institutions and policy measures for describing and implementing sustainable development are evaluated in terms of their conformity with the economic framework of a market system.…