Stochastische Unternehmensmodelle als Kern innovativer Ratingsysteme
Ulrich Blum, Werner Gleißner, Frank Leibbrand
IWH Discussion Papers,
Nr. 6,
2005
Abstract
Auf der Grundlage einer Stichprobe von 105 sächsischen Unternehmen wird deren Zukunftsfähigkeit mit Hilfe einer neuen Ratingtechnologie analysiert. Diese basiert – neben klassischen Analysewerkzeugen – auf einer direkten Einbeziehung von Risikogesichtspunkten und einer stochastischen Unternehmensmodellierung. Die Ergebnisse belegen, daß das Verfahren gegenüber den bisherigen Ansätzen zusätzlichen und ökonomisch bedeutsamen Erklärungsgehalt besitzt. Über den Aspekt Basel-II hinaus ist es insbesondere möglich, langfristige strategisch angelegte Entwicklungsprozesse nachzuzeichnen.
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Innovation cooperation: experiences from East and West Germany
Jutta Günther
Science and Public Policy,
2004
Abstract
This paper deals with innovation cooperation as a means to support the ongoing catch-up process of the East German economy. Against prevalent beliefs, it can be shown that East German enterprises are more often involved in innovation co-operation than West German firms, and differences in cooperation partner priorities only reflect the given structural differences between the two regions. While cooperating enterprises in East and West Germany are clearly more innovative than their non-cooperating counterparts, a productivity advantage of these firms is (so far) only observable in West Germany. Reasons for this surprising finding are discussed.
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A macroeconometric model for the Euro economy
Christian Dreger
IWH Discussion Papers,
Nr. 181,
2003
Abstract
In this paper a structural macroeconometric model for the Eurozone is presented. In opposite to the multi country modelling approach, the model relies on aggregate data on the supra-national level. Due to nonstationarity, all equations are estimated in an error correction form. The cointegrating relations are derived jointly with the short-run dynamics, avoiding the finite sample bias of the two step Engle Granger procedure. The validity of the aggregated approach is confirmed by out-of-sample forecasts and two simulation exercises. In particular the implications of a lower economic recovery in the US and a shock in the nominal Euro area interest rate are discussed.
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The Role of Home Based Enterprises (HBEs) in Alleviating Sudanese Urban Poverty and the Effectivness of Policies and Programmes to Promote HBEs
A. Ibrahim Badr-El-Din
Sudan Economic Research Group Discussion Papers, No. 34,
Nr. 34,
2003
Abstract
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Macroeconomic Modelling of the German Economy in the Framework of Euroland
Rüdiger Pohl, Heinz P. Galler
Schriften des IWH,
Nr. 11,
2002
Abstract
An attempt to develop a new macroeconometric model for Germany is confronted with several questions that range from the general rationality of such an approach to specific problems of an appropriate model structure. One important aspect of this discussion is the introduction of the Euro as a common currency of the European monetary union. This institutional change may result in structural breaks due to changing behavior of economic agents. In addition, the definition of the spatial unit that is appropriate for modelling becomes a problem. Additional problems come from the introduction of the European Single Market and the increasing international economic integration not only within the European union but also beyond its borders. And in the case of Germany, the unification of the West and the East demand special attention. Last but not least, the harmonization of national accounting for the member states of the European Union has to be dealt with. Thus, the introduction of the Euro as a common currency is just one problem besides others that must be addressed.
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Privatisation in the New Federal Länder. Results of a Survey of Eastern German Enterprises
Gerhard Heimpold, Harald Kroll, Manfred Wilhelm
OECD Centre for Co-Operation with the European Economies in Transition: Methods of Privatising Large Enterprises,
1993
Abstract
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