17.08.2022 • 19/2022
Labour mobility is part of structural change
The coal phase-out will also change the affected regions in that part of the workforce will migrate. Politicians should take this process into account in structural policy, because it cannot be completely prevented. A study published by the Halle Institute for Economic Research (IWH) illustrates this with a historical example.
Read press release
Political Ties and Raising Capital in Global Markets: Evidence from Yankee Bonds
Journal of Corporate Finance,
This paper examines whether state-to-state political ties help firms obtain better terms when raising funds in global capital markets. Focusing on the Yankee bonds market, we find that issuances by firms from countries with close political ties with the US feature lower yield spreads, higher issuance amounts, and longer maturities. Such an association is more pronounced for firms located in low income and highly indebted countries as well as firms in government-related industries, first-time issuers, and relatively smaller firms. Our study provides evidence supporting the notion that country-level political relationship is an important factor when raising capital in international markets.
IWH Medium-Term Projection According to the IWH medium-term projection of the German economy, growth in the next six...
Transformation tables for administrative borders in Germany
Transformation tables for administrative borders in Germany The state has the ability...
Financial Systems: The Anatomy of the Market Economy How the financial system is...
IWH FDI Micro Database
IWH FDI Micro Database The IWH FDI Micro Database (FDI = Foreign Direct...
The CompNet Competitiveness Database The Competitiveness Research Network (CompNet)...
Transformation tables for administrative borders in Germany – data In order to...
IWH-CompNet Discussion Papers
IWH-CompNet Discussion Papers The IWH-CompNet Discussion Paper series presents research...