Mostrando recursos 1 - 15 de 15

  1. Globalization and Corruption, revisited

    Badinger, Harald; Nindl, Elisabeth
    This paper presents new empirical evidence on the determinants of corruption, focussing on the role of globalisation and inequality. The estimates for a panel of 102 countries over the period 1995-2005 point to three main results: (i) Detection technologies, reflected in a high level of development, human capital and political rights reduce corruption, whereas natural resource rents increase corruption; (ii) Globalisation (in terms of both trade and financial openness) has a negative effect on corruption, which is more pronounced in developing countries; (iii) Inequality increases corruption, and once the role of inequality is accounted for, the impact of globalisation on...

  2. Kurt W. Rothschild's Life and Work

    Altzinger, Wilfried; Guger, Alois; Mooslechner, Peter; Nowotny, Ewald
    (no abstract available)

  3. Protocol for a Systematic Literature Review on Design Decisions for UML-based DSMLs

    Sobernig, Stefan; Hoisl, Bernhard; Strembeck, Mark
    (no abstract available)

  4. Participatory systems mapping for sustainable consumption: Discussion of a method promoting systemic insights

    Sedlacko, Michal; Martinuzzi, Robert-Andre; Røpke, Inge; Videira, Nuno; Antunes, Paula
    The paper describes our usage of and experience with the method of participatory systems mapping. The method, developed for the purpose of facilitating knowledge brokerage, builds on participatory modelling approaches and applications and was used in several events involving both researchers and policy makers. The paper presents and discusses examples of how different types of participatory interaction with causal loop diagrams ("system maps") produced different insights on issues related to sustainable consumption and enabled participatory reflection and sharing of knowledge. Together, these insights support a systemic understanding of the issues and thus the method provides instruments for coping with complexity...

  5. What Do We Know about the Tax Planning of German-Based Multinational Firms?

    Hebous, Shafik; Weichenrieder, Alfons
    Abundant anecdotal evidence is in accord with rigorous research results confirming the existence of various forms of international tax planning by multinational firms. Increasing availability of administrative data for research purposes has enabled researchers to study not only behavioural responses of US-based firms to taxation, but also of European and other multinationals. The present paper summarizes what we can learn from recent studies on tax avoidance strategies by multinational firms in general and by German multinationals in particular. (authors' abstract)

  6. Detecting Collusion in Spatially Differentiated Markets

    Firgo, Matthias; Kügler, Agnes
    The empirical literature on mergers, market power and collusion in differentiated markets has mainly focused on methods relying on output and/or panel data. In contrast to this literature we suggest a novel approach that allows for the detection of collusive behavior among a group of firms making use of information on the spatial structure of horizontally differentiated products. By estimating best response functions using a spatial econometrics approach, we focus on differences in the strategic interaction in pricing between different groups of firms as well as on differences in price levels. We apply our method to the market for ski lift tickets...

  7. Vertical Disintegration in the European Electricity Sector: Empirical Evidence on Lost Synergies

    Gugler, Klaus; Liebensteiner, Mario; Schmitt, Stephan
    The EU has been promoting unbundling of the transmission grid from other stages of the electricity supply chain with the aim of fostering competition in the upstream stage of electricity generation. At presence, ownership unbundling is the predominant form of unbundling in Europe. However, the benefits of increased competition from ownership unbundling of the transmission grid may come at the cost of lost vertical synergies between the formerly integrated stages of electricity supply. The policy debate generally neglects such potential costs of unbundling, yet concentrates on its benefits. Therefore European crosscountry evidence may shed some light on this issue. This study helps fill this void by empirically estimating...

  8. Sovereign Debt and Economic Growth Revisited: The Role of (Non-)Sustainable Debt Thresholds

    Antonakakis, Nikolaos
    Contributing to the contentious debate on the relationship between sovereign debt and economic growth, I examine the role of theory-driven (non-)sustainable debt-ratios in combination with debt-ratio thresholds on economic growth. Based on both dynamic and non-dynamic panel data analyses in the euro area (EA) 12 countries over the period 1970-2013, I find that non-sustainable debt-ratios above and below the 60% threshold, have a detrimental effect on short-run economic growth, while sustainable debt-ratios below the 90% threshold exert a positive influence on short-run economic growth. In the long-run, both non-sustainable and sustainable debt-ratios above the 90% threshold, as well as non-sustainable debt-ratios...

  9. The Gender Wealth Gap in Europe

    Schneebaum, Alyssa; Rehm, Miriam; Mader, Katharina; Klopf, Patricia; Hollan, Katarina
    This paper studies the gender wealth gap using 2010 Household Finance and Consumption Survey data for 15 European countries, and finds that households with only one male adult have more net wealth than households with one female adult, and that households with an adult couple have the highest net wealth. Using OLS regressions to predict net wealth and the inverse hyperbolic sine transformation of net wealth, as well as the nonparametric DiNardo-Fortin-Lemieux re-weighting technique, to study the relationship between household and personal characteristics with net wealth, the paper finds that differences in labor market characteristics between male and female households, most...

  10. How to reveal people's preferences: Comparing time consistency and predictive power of multiple price list risk elicitation methods

    Csermely, Tamás; Rabas, Alexander
    The question of how to measure and classify people´s risk preferences is of substantial importance in the field of Economics. Inspired by the multitude of ways used to elicit risk preferences, we conduct a holistic investigation of the most prevalent method, the multiple price list (MPL) and its derivations. In accordance with previous literature, we find that revealed preferences differ under various and even the same versions of the MPL. Thus, an arbitrary selection of a particular risk assessment method can lead to biased results especially if researchers investigate its connection to other phenomena. In order to resolve this issue, we...

  11. Forecasting Global Equity Indices Using Large Bayesian VARs

    Huber, Florian; Krisztin, Tamás; Piribauer, Philipp
    This paper proposes a large Bayesian Vector Autoregressive (BVAR) model with common stochastic volatility to forecast global equity indices. Using a dataset consisting of monthly data on global stock indices the BVAR model inherently incorporates co-movements in the stock markets. The time-varying specification of the covariance structure moreover accounts for sudden shifts in the level of volatility. In an out-of-sample forecasting application we show that the BVAR model with stochastic volatility significantly outperforms the random walk both in terms of root mean squared errors as well as Bayesian log predictive scores. The BVAR model without stochastic volatility, on the other hand,...

  12. Positions-Rochaden: Machtverteilungen in partizipativen Forschungsprojekten am Beispiel der Sicherheitsforschung

    Miko, Katharina; Mayr, Elisabeth
    (no abstract available)

  13. A Catalog of Reusable Design Decisions for Developing UML/MOF-based Domain-specific Modeling Languages

    Hoisl, Bernhard; Sobernig, Stefan; Strembeck, Mark
    In model-driven development (MDD), domain-specific modeling languages (DSMLs) act as a communication vehicle for aligning the requirements of domain experts with the needs of software engineers. With the rise of the UML as a de facto standard, UML/MOF-based DSMLs are now widely used for MDD. This paper documents design decisions collected from 90 UML/MOF-based DSML projects. These recurring design decisions were gained, on the one hand, by performing a systematic literature review (SLR) on the development of UML/MOF-based DSMLs. Via the SLR, we retrieved 80 related DSML projects for review. On the other hand, we collected decisions from developing ten...

  14. Protocol for a Systematic Literature Review on Design Decisions for UML-based DSMLs

    Sobernig, Stefan; Hoisl, Bernhard; Strembeck, Mark
    (no abstract available)

  15. Economics as a Multi-Paradigmatic Science. In Honour of Kurt W. Rothschild (1914-2010)


    Professor Kurt W. Rothschild died on November 15, 2010 at the age of 96. Austria has lost with him one of its most thoughtful and original economic thinkers of the past century. Commemorating the 1st anniversary of his death the Oesterreichische Nationalbank jointly with the University of Economics, Vienna, the University of Linz and the Austrian Institute of Economic Research organises this conference in honour of Kurt W. Rothschild and his contribution to economics (authors' abstract).

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