CESifo Working Paper Series
(for full list see www.cesifo-group.de)
Piotr Wdowinski, Financial Markets and Economic Growth in Poland: Simulations with
an Econometric Model, October 2005
Peter Egger, Mario Larch, Michael Pfaffermayr and Janette Walde, Small Sample
Properties of Maximum Likelihood Versus Generalized Method of Moments Based
Tests for Spatially Autocorrelated Errors, October 2005
Marie-Laure Breuillé and Robert J. Gary-Bobo, Sharing Budgetary Austerity under Free
Mobility and Asymmetric Information: An Optimal Regulation Approach to Fiscal
Federalism, October 2005
Robert Dur and Amihai Glazer, Subsidizing Enjoyable Education, October 2005
Carlo Altavilla and Paul De Grauwe, Non-Linearities in the Relation between the
Exchange Rate and its Fundamentals, October 2005
Josef Falkinger and Volker Grossmann, Distribution of Natural Resources,
Entrepreneurship, and Economic Development: Growth Dynamics with Two Elites,
October 2005
Yu-Fu Chen and Michael Funke, Product Market Competition, Investment and
Employment-Abundant versus Job-Poor Growth: A Real Options Perspective, October
2005
Kai A. Konrad and Dan Kovenock, Equilibrium and Efficiency in the Tug-of-War,
October 2005
Joerg Breitung and M. Hashem Pesaran, Unit Roots and Cointegration in Panels,
October 2005
Steven Brakman, Harry Garretsen and Marc Schramm, Putting New Economic
Geography to the Test: Free-ness of Trade and Agglomeration in the EU Regions,
October 2005
Robert Haveman, Karen Holden, Barbara Wolfe and Andrei Romanov, Assessing the
Maintenance of Savings Sufficiency Over the First Decade of Retirement, October 2005
Hans Fehr and Christian Habermann, Risk Sharing and Efficiency Implications of
Progressive Pension Arrangements, October 2005
Jovan Zamac, Pension Design when Fertility Fluctuates: The Role of Capital Mobility
and Education Financing, October 2005
Piotr Wdowinski and Aneta Zglinska-Pietrzak, The Warsaw Stock Exchange Index
WIG: Modelling and Forecasting, October 2005
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