This paper analyses the determinants of aggregate per-capita investments into the telecom sector. We provide results of panel
econometric estimates for EU and OECD countries covering the period from 2005 to 2013. The findings show a positive effect
of infrastructure-based competition between xDSL broadband and cable-TV broadband subscriptions on investments. We use cross-country
variance in open access regulations to examine their effect on investments and find a negative effect for bitstream regulations.
The regression results are used to assess the magnitude of these factors, thereby providing valuable inputs to the policy
debate on broadband promotion.
Die Wirtschaft in den Bundesländern, Juni 2019, 75 Seiten
Studie von: Österreichisches Institut für Wirtschaftsforschung
Online seit: 12.06.2019 0:00
Die österreichische Wirtschaft wuchs im Jahr 2018 weiterhin kräftig. Die sektorale Breite der Konjunktur spiegelt sich in
einem robusten Beschäftigungswachstum und einem Rückgang der Zahl der Arbeitslosen. Regional zeigt sich jedoch ein durchaus
heterogenes Bild, mit besonders kräftigem Wachstum in der Südregion.
Secularly declining GDP investment shares are often explained by the widespread fall in the relative price of investment goods.
Granger non-causality tests applied to longer-term time series for a large number of industrial countries tend to reject that
We estimate a quantile structural vector autoregressive model for the Euro area to assess the real effects of uncertainty
shocks in expansions and recessions using monthly data covering the period of February 1999 to May 2016. Domestic and foreign
(US) uncertainty shocks hitting during recessions are found to produce a relatively overall stronger negative impact on output
growth than in expansions, with US shocks having more pronounced effects. Inflation, in general, is unaffected from a statistical
perspective. Our results tend to suggest that policy-makers need to implement state-dependent policies, with stimulous policies
being more aggressive during recessions – something we see from our results in terms of stronger declines in the interest
rate during bad times.
Profits that persist above or below the norm for prolonged periods of time reveal a lack of competition and imply a systematic
misallocation of resources. Competition, if unimpeded, should restore profits to normal levels within a relatively short time
frame. The dynamics of profits can thus reveal a great deal about the competitiveness of an economy. This paper estimates
the persistence of profits across the European Union, which adds to our understanding of the competitiveness of 18 EU member
countries. By using a sample of approximately 4,700 firms with 51,000 observations across the time period of 1995-2013, we
find differences in the persistence of short-run profits, implying that there are differences in competitiveness across the
EU. The Czech Republic and Greece are among the countries with the highest profit persistence, whereas the UK is among those
with the lowest persistence of profits. Furthermore, we provide evidence that there are significant permanent rents present
in the EU across countries as well as in the different broad sectors across the EU.
This paper analyses unemployment insurance schemes in the presence of mobile workers and trade unions at industry or country
level that are capable of internalising the effect of wage demands on unemployment insurance contribution rates. We compare
two types of existing unemployment insurance systems. When unemployment insurance is organised at trade union level (decentralized
Ghent unemployment insurance), trade unions strategically lower the benefit levels of their unemployment insurance schemes
to deter welfare recipients from other unions from entering their unemployment insurance scheme, leading to a race to the
bottom in unemployment insurance provision. With centralised provision of unemployment insurance, by contrast, trade unions
do not fully account for the cost of higher wages as mobility allows them to partially shift the burden of unemployment to
other unemployment insurances. A system of coordinated unemployment insurance, combining a centrally set benefit level with
decentralised funding as in Ghent unemployment insurance systems, can circumvent both the strategic benefit setting and the
fiscal externality problems, thus reconciling the equity and efficiency aims in the design of unemployment insurance.
The aim of this paper is to explore how shifts in employment structure affect earnings dynamics and wage inequality throughout
the wage distribution in four European countries (France, Germany, Italy, and the UK). Through UQR on the EU-SILC data, the
analysis achieves two purposes: 1. understanding the primary forces of the wage and wage inequality generating process; 2.
evaluating the changes over time in the marginal quantile of wage distribution and the changes in inequality at different
points of the distribution. The results highlight the role of the occupational patterns in wage dynamics. France and Germany
show decreasing patterns of wage inequality, despite having opposite changes in wages. Their respective well-defined structures
(upgrading of occupations and job polarisation) have an equalising effect on the wage distribution. The UK and Italy show
increasing patterns of wage inequality although maintaining opposite changes in wages. While the relative upgrading in the
UK has only slowed inequality growth, the more hybrid pattern of Italian employment structure has contributed to raise the