Institution
Kiel Institute for the World Economy
Facility•Kiel, Germany•
About: Kiel Institute for the World Economy is a facility organization based out in Kiel, Germany. It is known for research contribution in the topics: Foreign direct investment & Productivity. The organization has 318 authors who have published 1909 publications receiving 42832 citations. The organization is also known as: Institut für Weltwirtschaft an der Universität Kiel.
Papers published on a yearly basis
Papers
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TL;DR: In this paper, the authors investigated the effects of the takeover of a domestic establishment by foreign owners on the domestic target's development of wages for skilled and unskilled workers, using a propensity score matching approach combined with a difference-in-differences estimator, and differences in post acquisition effects depending on the nationality of the acquirer.
Abstract: This paper investigates the effects of the takeover of a domestic establishment by foreign owners on the domestic target's development of wages for skilled and unskilled workers. We pay particular attention to identifying the causal effect, using a propensity score matching approach combined with a difference-in-differences estimator, and differences in post acquisition effects depending on the nationality of the acquirer. Our results suggest that there is substantial heterogeneity in the post-acquisition wage effect depending on the nationality of the foreign acquirer, the industry in which the firms operate and the skill group of workers. In particular, we find that skilled workers, on average, experience a post acquisition increase in the wage rate following an acquisition by a US firm, while no such effect is discernible following acquisitions by EU or firms of other nationalities. For unskilled workers, there are positive post acquisition wage effects from take-overs by EU firms in the electronics industry and US firms in the food industry.
18 citations
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TL;DR: The authors analyzes the influence of minimum wages on firms' incentive to train their employees and finds that minimum wages give rise to skills inequality: a rise in the minimum wage leads to less training for low-ability workers and more training for those of higher ability.
18 citations
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TL;DR: In this article, the convergence of regional electricity intensities in Italy is studied over the period from 1997 to 2007, and the importance of the statistical significance of the results, which show a striking sclerosis of the geographic distribution of the variable under scrutiny.
18 citations
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TL;DR: In this article, the authors analyzed the costs of housing crisis in terms of GDP growth and the economic conditions under which crises are particularly costly, and showed that negative wealth effects possibly cause further reductions in GDP.
Abstract: This paper analyzes the costs of housing crises in terms of GDP growth and the economic conditions under which crises are particularly costly. Housing crises are often followed by recessions that are longer than other recessions. According to empirical estimates, a housing crisis reduces the GDP growth rate in the following year on average by two percentage points and has still a considerable negative impact in the second year. One important channel through which the effect of housing crises is passed on seems to be the banking sector. In addition, our results suggest that negative wealth effects possibly cause further reductions in GDP.
18 citations
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TL;DR: In this paper, the authors review the operational rules and performance of two sovereign wealth funds of Kazakhstan and Azerbaijan and compare them to Norway's Government Pension Fund Global, concluding that the institutional framework of a resource fund may indeed enhance transparency and public scrutiny, limit discretionary control, and sustain public support for long-term savings of resource revenues.
Abstract: Do the sovereign wealth funds of Kazakhstan and Azerbaijan promote the sustainable use of government oil revenues? We review the operational rules and performance of the two funds and compare them to Norway's Government Pension Fund – Global. The key challenges are to stabilize government expenditures despite volatile resource prices, build up a capital stock to draw on after the resource is depleted, and to save and spend resource revenues transparently. We conclude that the institutional framework of a resource fund may indeed enhance transparency and public scrutiny, limit discretionary control, and sustain public support for long-term savings of resource revenues.
18 citations
Authors
Showing all 325 results
Name | H-index | Papers | Citations |
---|---|---|---|
Richard S.J. Tol | 116 | 695 | 48587 |
Axel Dreher | 78 | 350 | 20081 |
Holger Görg | 67 | 367 | 17161 |
J. Edward Taylor | 50 | 210 | 13967 |
Thomas Lux | 49 | 194 | 11041 |
Dennis J. Snower | 47 | 311 | 9689 |
Xinshen Diao | 46 | 251 | 6568 |
Gabriel Felbermayr | 45 | 272 | 6586 |
Peter Nunnenkamp | 42 | 250 | 5711 |
Ansgar Belke | 42 | 536 | 7383 |
Awudu Abdulai | 41 | 156 | 6555 |
Katrin Rehdanz | 40 | 161 | 6453 |
Martin F. Quaas | 39 | 189 | 5628 |
Michael Hübler | 36 | 194 | 4051 |
Mario Larch | 34 | 146 | 4040 |