Skip to content!

Discussion Papers

About the Discussion Papers

The researchers at DIW Berlin usually publish their research results in scientific journals. However, this process can take many months, depending on the circumstances. To help bridge this gap, DIW Berlin began publishing Discussion Papers in 1989. The Discussion Papers offer a preview of the latest, not-yet-published research results, and allow current research to make its way into current debate more quickly.

Notes for authors

For publication in the series of DIW discussion papers the following may be submitted: Papers by DIW employees, DIW research professors and directors, DIW research affiliates and guest scientists who have spent at least one week at DIW Berlin and thank DIW Berlin in a footnote.    
Papers submitted will be sent in electronic form to the head of the relevant department at DIW Berlin. It is checked by an internal referee procedure whether or not the paper is likely to be published in a refereed journal. A decision on publication will then be made on the basis of a referee report. Should a paper have already been accepted for a publication by a refereed SSCI magazine or have received an invitation to a re-submission in a first-class journal, it will appear immediately without a referee procedure.

close
Go to page
remove add
2025 results, from 1
  • Diskussionspapiere 2023 / 2022

    Ownership Diversification and Product Market Pricing Incentives

    We link investor ownership to profit loads on rival firms by the managers of a firm. We propose a theory model in which we distinguish between passive and active investors’ holdings, where passive investors are relatively more diversified. We find that if passive investors become relatively bigger, then common ownership incentives increase. We show that these higher incentives, in turn, are linked ...

    2022| Albert Banal-Estanol, Jo Seldeslachts, Xavier Vives
  • Diskussionspapiere 2022 / 2022

    No Taxation without Reallocation: The Distributional Effects of Tax Changes

    This paper investigates the dynamic effects of tax changes on the cross-sectional distribution of disposable income in the United States using a narrative identification approach. I distinguish between changes in personal and corporate income taxes and quantify the distributional effects on families and business owners. I document that tax changes affect incomes along the distribution differently and ...

    2022| Stephanie Ettmeier
  • Diskussionspapiere 2021 / 2022

    Brothers in Arms: The Value of Coalitions in Sanctions Regimes

    This paper examines the impact of coalitions on the economic costs of the 2012 Iran and 2014 Russia sanctions. By estimating and simulating a quantitative general equilibrium trade model under different coalition set-ups, we (i) dissect welfare losses for sanction-senders and target; (ii) compare prospective coalition partners and; (iii) provide bounds for the sanctions potential — the maximum welfare ...

    2022| Sonali Chowdhry, Julian Hinz, Katrin Kamin, Joschka Wanner
  • Diskussionspapiere 2019 / 2022

    Green Bonds’ Reputation Effect and Its Impact on the Financing Costs of the Real Estate Sector

    This paper explores the effect of a firm’s reputation of being a green bond issuer on its financing costs. Using a sample of 73 listed Swedish real estate companies issuing in total about 1500 bonds over the period from 2011 till 2021, difference-in-difference analyses and instrumental variable estimations are applied to identify the causal impact of frequent green vis-à-vis frequent non-green bond ...

    2022| Aleksandar Petreski, Dorothea Schäfer, Andreas Stephan
  • Diskussionspapiere 2018 / 2022

    German Financial State Aid during COVID-19 Pandemic: Higher Impact among Digitalized Self-Employed

    In response to strong revenue and income losses that a large share of the self-employed faced during the COVID-19 pandemic, the German federal government introduced a €50bn emergency aid program. Based on real-time online-survey data comprising more than 20,000 observations, we analyze the impact of this program on the subjective survival probability. In particular, we investigate how the digitalization ...

    2022| Irene Bertschek, Joern Block, Alexander S. Kritikos, Caroline Stiel
  • Diskussionspapiere 2017 / 2022

    Let's Switch to the Cloud: Cloud Adaption and Its Effect on IT Investment and Productivity

    The advent of cloud computing promises to improve the way firms utilize IT solutions. Firms are expected to replace large and inflexible fixed-cost investments in IT with more targeted variable spending in cloud solutions. In addition, cloud usage is expected to increase the productivity of firms, as it allows them to quickly customize the IT they require to their specific needs. We assess these assertions ...

    2022| Tomaso Duso, Alexander Schiersch
  • Diskussionspapiere 2016 / 2022

    Parental Leave Benefits and Child Penalties

    I use the universe of tax returns in Germany and a regression kink design to estimate the impact of the benefit amount available to high-earning women after their first childbirth on subsequent within-couple earnings inequality. Lower benefit amounts result in a reduced earnings gap that persists beyond the benefit period for at least nine years after the birth. The longer-term impacts are driven by ...

    2022| Sevrin Waights
  • Diskussionspapiere 2015 / 2022

    Common Ownership: Europe vs. the US

    Common ownership - when an investor holds shares in two or more companies - has recently attracted significant attention from policy-makers and researchers, studying mainly US firms. European firms, however, are different as top investors with large stakes, like governments, founding families and foundations are much more prevalent. This paper takes a well-known common ownership with micro-economic ...

    2022| Nuria Boot, Jo Seldeslachts, Albert Banal Estanol
  • Diskussionspapiere 2014 / 2022

    The Impact of Public Procurement on Financial Barriers to Green Innovation: Evidence from European Community Innovation Survey

    The purpose of this study is to identify whether an innovative company’s likelihood of facing financial constraints is different when the company possesses a public procurement contract (PP). Theory suggests that the treatment effects of public procurement, particularly when mediated by the demand-pull effect, may lower a company’s funding constraints for innovation. We test this theory and apply extended ...

    2022| Dorothea Schäfer, Andreas Stephan, Sören Fuhrmeister
  • Diskussionspapiere 2013 / 2022

    Discriminatory Auction Design for Renewable Energy

    Designing auctions that favor low resource quality installations allows countries to geographically diversify their renewable energy production, while lowering payments to low-cost producers. In this paper, we develop a stylized model showing that a discriminatory auction design favoring low-wind-yield locations leads to a tradeoff between production costs and producer rent and that the scheme can ...

    2022| Mats Kröger, Karsten Neuhoff, Jörn C. Richstein
  • Diskussionspapiere 2012 / 2022

    Real Effects of Financial Market Integration: Evidence from an ECB Collateral Framework Change

    This paper studies the effects of harmonizing collateral policy in a monetary union. In 2007, the European Central Bank replaced national collateral lists with a single list specifying which assets euro area banks can pledge as collateral. Banks holding newly eligible assets experience a reduction in their cost of funding and increase loan supply compared to banks without such assets. The effect is ...

    2022| Pia Hüttl, Matthias Kaldorf
  • Diskussionspapiere 2011 / 2022

    Nuclear Power in the Twenty-first Century (Part II) - The Economic Value of Plutonium

    Although plutonium has been studied by different disciplines (such as technology and innovation studies, political sciences) since its discovery, back in 1940 at the University of California (Berkeley), the resource and environmental economic literature is still relatively scarce; neither does the energy economic literature on nuclear power consider plutonium specifically, e.g. Davis (2012) or Lévêque ...

    2022| Christian von Hirschhausen
  • Diskussionspapiere 2010 / 2022

    The Costs of Natural Gas Dependency: Price Shocks, Inequality, and Public Policy

    Natural gas prices in Germany saw a strong increase at the end of 2021, subsequently worsening with the start of the war in Ukraine in February 2022, raising concerns about the distributional consequences. Our study shows that low-income households are affected the most by the natural gas price increase. Low-income households pay at the median 11.70 percent of their equivalent income on gas bills, ...

    2022| Mats Kröger, Maximilian Longmuir, Karsten Neuhoff, Franziska Schütze
  • Diskussionspapiere 2009 / 2022

    A Lasting Crisis Affects R&D Decisions of Smaller Firms: The Greek Experience

    We use the prolonged Greek crisis as a case study to understand how a lasting economic shock affects the innovation strategies of firms in economies with moderate innovation activities. Adopting the 3-stage CDM model, we explore the link between R&D, innovation, and productivity for different size groups of Greek manufacturing firms during the prolonged crisis. At the first stage, we find that the ...

    2022| Ioannis Giotopoulos, Alexander S. Kritikos, Aggelos Tsakanikas
  • Diskussionspapiere 2008 / 2022

    Lessons from an Aborted Second-Generation Rent Control in Catalonia

    This study investigates the effects of short-lived rent control regulations introduced in Catalonia in September 2020 and revoked in March 2022. Using the microdata of the largest Spanish housing advertisement portal idealista between January 2017 and May 2022, we analyze the dynamics of prices and supply for dwellings offered for rent and for sale. We also examine separately the rental and sales markets. ...

    2022| Konstantin A. Kholodilin, Fernando A. López, David Rey Blanco, Pelayo González Arbués
  • Diskussionspapiere 2007 / 2022

    COVID-19 Lockdown Compliance, Financial Stress, and Acceleration in Technology Adoption in Rural Uganda

    We examine the medium-term impact of COVID-19 for financial well-being and technology adoption in a low-income country. The analysis is based on regionally representative panel data consisting of 1,975 micro-entrepreneurs from rural Uganda. Using a LASSO approach, we first show that several business characteristics predict longer business shutdown due to COVID-19, including running a service business. ...

    2022| Jana Hamdan, Yuanwei Xu
  • Diskussionspapiere 2006 / 2022

    Heterogeneous Effects of After-School Care on Child Development

    It is often argued that institutionalized after-school care (ASC) can benefit children lacking adequate homework support at home and, hence, foster equality of opportunity. However, despite considerable policy interest, it is unclear whether these afternoon programs are beneficial for child development and if selection into them is efficient, i.e., whether students benefiting most from the programs ...

    2022| Laura Schmitz
  • Diskussionspapiere 2005 / 2022

    Heteroskedastic Proxy Vector Autoregressions: Testing for Time-Varying Impulse Responses in the Presence of Multiple Proxies

    We propose a test for time-varying impulse responses in heteroskedastic structural vector autoregressions that can be used when the shocks are identified by external proxy variables as a group. The test can be used even if the shocks are not identified individually. The asymptotic analysis is supported by small sample simulations which show good properties of the test. An investigation of the impact ...

    2022| Martin Bruns, Helmut Lütkepohl
  • Diskussionspapiere 2004 / 2022

    Durable Consumption, Limited VAT Pass-Through and Stabilization Effects of Temporary VAT Changes

    This paper revives the question of whether a temporary VAT change is an adequate instrument for crisis stabilization. In empirical assessments, we find that durable goods consumption fluctuates strongly over the business cycle and that VAT rate changes affect durable goods in particular. Therefore, we build a dynamic stochastic general equilibrium (DSGE) model that is capable of addressing this major ...

    2022| Marius Clemens, Werner Röger
  • Diskussionspapiere 2003 / 2022

    Stranded Assets in the Coal Export Industry? The Case of the Australian Galilee Basin

    Steam coal exporters face increasing uncertainty about future coal demand and risks of asset stranding. Nevertheless, new export-oriented coal mine projects are still brought forward. In this study, we use the coal sector model COALMOD-World to assess the economic prospects of investments in the export-oriented steam coal sector, and in particular of coal mines in the Galilee Basin, Australia. We parameterize ...

    2022| Christian Hauenstein, Franziska Holz, Lennart Rathje, Thomas Mitterecker
2025 results, from 1
keyboard_arrow_up