IWH Industry Survey March 2002: Business climate in East German industry signals upturn
Bärbel Laschke
Wirtschaft im Wandel,
No. 6,
2002
Abstract
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The significance of FDI for innovation activities within domestic firms - The case of Central East European transition economies
Jutta Günther
IWH Discussion Papers,
No. 162,
2002
Abstract
Foreign direct investment is expected to play a significant role as a multiplier of modern production- and management-know-how in Central East European transition economies. The so-called technology-spillovers are explained through externalities or extra-marketlinkages. In practice they can take place via demonstration effects, labor mobility, supplier contacts, customer contacts or networking activities. However, the empirical study on the example of Hungarian industry shows that foreign owned and domestic firms – mainly due to their strong technological disparities – build virtually separate spheres within the industrial sector. Thus, technology-spillovers do hardly appear as an innovation-stimulating means for domestic companies.
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Bank-Firm Relationships and International Banking Markets
Hans Degryse, Steven Ongena
International Journal of the Economics of Business,
No. 3,
2002
Abstract
This paper reviews how long-term relationships between firms and banks shape the structure and integration of banking markets worldwide. Bank relationships arise to span informational asymmetries that are endemic in financial markets. Firm-bank relationships not only entail specific benefits and costs for both the engaged firms and banks, but also directly affect the structure of banking markets. In particular, the sunk cost of screening and monitoring activities and the 'informational capital' collected by the incumbent banks may act as a barrier to entry. The intensity of the existing firm-bank relationships will determine the height of this barrier and shape the structure of international banking markets. For example, in Scandinavia where firms maintain few and strong relationships, foreign banks may only be able to enter successfully through mergers and acquisitions. On the other hand, Southern European firms maintain many bank relationships. Therefore, banks may consider entering Southern European banking markets through direct investment.
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Steigende Investitionen in den Wachstumsbranchen des ostdeutschen Verarbeitenden Gewerbes - eine Analyse anhand des IAB-Betriebspanels -
Bärbel Laschke
IWH Discussion Papers,
No. 160,
2002
Abstract
4. Anhand der IAB-Betriebspanel 1998 bis 2000 für Ostdeutschland wird die Veränderung der Investitionstätigkeit unter dem Aspekt eines möglichen Wachstumsbeitrages näher beleuchtet. Dazu werden die Investitionsveränderungen, insbesondere 2000 gegenüber 1999, differenziert nach Zweigen und Branchen herausgearbeitet und aufgezeigt, dass sich Investitionssteigerungen zumindest zur Hälfte in High-Tech-Branchen konzentrieren. Darüber hinaus wird auch untersucht, wodurch sich Betriebe mit steigenden Investitionen von denen mit rückläufigen hinsichtlich allgemeiner betriebswirtschaftlicher Leistungsmerkmale unterscheiden.
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IWH construction Industry Survey February 2002: Business conditions somewhat less unfavorable than in prior-year period
Brigitte Loose
Wirtschaft im Wandel,
No. 4,
2002
Abstract
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Current Trends: Resistance of East German industry has increased in stagnation year
Udo Ludwig
Wirtschaft im Wandel,
No. 4,
2002
Abstract
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Industrieumfragen 2001 -Dokumentation der Hauptergebnisse-
Bärbel Laschke
IWH Discussion Papers,
No. 159,
2002
Abstract
In dem Diskussionspapier werden alle Umfrageergebnisse des Jahres 2001 zusammengefasst. Sie vermitteln einen Überblick über die Umsatz- und Beschäftigungsentwicklung 2001, die Ertragslage der Unternehmen im Längsschnittvergleich seit 1997, die Investitionstätigkeit und die Exportaktivitäten sowie zur Tarifbindung in ostdeutschen Industrieunternehmen.
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International economic development still impedes growth in Central and Eastern Europe
Axel Brüggemann
Wirtschaft im Wandel,
No. 3,
2002
Abstract
The world wide economic slow down has increasingly affected the transition economies. Lower demand in Western Europe for exports from Central and Eastern Europe has depressed industrial production and growth in the region. Strong domestic demand has managed to offset some of the negative external influences. In total the countries in Central and eastern Europe will grow with 3,1 % in 2002 and with 4,1% in 2003. The higher growth in 2003 results from the combination of a continuing strong domestic demand and amore favourabel external environment, as the world economy starts to recover in the second half of 2002. Inflation will continue to slow, while unemployment decreases only marginally. Higher growth will also lead to higher current account deficits.
The slowdown in 2001 has increased the risk potential for financial crises in Central and Eastern Europe. The forecast is build upon the assumption that no such crisis will occur, if a crisis does errupt the forecast will have to be revised downwards. The regular anlysis carried out by the IWH regarding the development of the risk potential, indicate particular high risks for Poland and to a somewhat lesser extent also for Hungary. As the unfavourable external economic conditions will persist for the coming months, a further increase in the risk potential can be expected.
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IWH-Industry Survey at the start of 2002: Cautious confidence in East German industry despite economic downturn
Bärbel Laschke
Wirtschaft im Wandel,
No. 3,
2002
Abstract
The cyclical downturn in the German economy in the year 2001 braked also the turnover of the East German industry. The increase was with 6,5 % clearly under the result of the previous year. Therefor the profitability of the enterprises continued to improve not. It could be stabilized however on the achieved level. The turnover plans of the enterprises for 2002 are reserved. Nevertheless 60% of the enterprises will increase their turnover. Also the job plans are optimistic and the job supply will slightly grow.
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IWH Industry Survey January 2002 : Business climate in East German industry
Bärbel Laschke
Wirtschaft im Wandel,
No. 2,
2002
Abstract
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