References of "Klump, Rainer 50002108"
     in
Bookmark and Share    
Full Text
Peer Reviewed
See detailMonetary Policy, Factor Substitution, and Convergence
Klump, Rainer UL; Jurkat, Anne

in Macroeconomic Dynamics (2016)

Detailed reference viewed: 83 (10 UL)
Full Text
Peer Reviewed
See detailPaternalistic Economic Policies: Foundations, Implications and Critical Evaluations
Klump, Rainer UL; Wörsdörfer, Manuel

in ORDO Yearbook of Economic and Social Order (2015)

Detailed reference viewed: 63 (4 UL)
Full Text
Peer Reviewed
See detailProperty Rights and Consumption Volatility: Evidence from a Land Reform in Vietnam
Kemper, Niels; Luu Viet Ha; Klump, Rainer UL

in WORLD DEVELOPMENT (2015), 71

During Vietnam's transition from a socialist to a market economy, household's property rights over agricultural land were considerably strengthened through a land certification program. This resulted in ... [more ▼]

During Vietnam's transition from a socialist to a market economy, household's property rights over agricultural land were considerably strengthened through a land certification program. This resulted in active formal credit and land markets, either of which potentially affects consumption levels and volatility. This article evaluates the program impact with respect to consumption outcomes. In particular, it identifies the channel of impact through which improved property rights affect consumption volatility. We find that land certification increases consumption levels for rural households, but also consumption volatility for a subgroup of households identified by an instrument. We show that the certification program affects consumption outcomes of this subgroup through, presumably more risky, credit-based agricultural investment at the intensive margin. (C) 2013 Elsevier Ltd. All rights reserved. [less ▲]

Detailed reference viewed: 66 (3 UL)
See detailSynthesis and assessment of the public debate on the reform of the CAP after 2013
Klump, Rainer UL; Rutz, Cordula; Schramek, Jorg et al

Book published by Nomos Verlagsgesellschaft (2013)

Detailed reference viewed: 37 (0 UL)
Peer Reviewed
See detailRural Vietnam: Pro-Poor Growth vs Income Structure
Klump, Rainer UL; Revilla Diez, J.; Mauch, K.

in Grimm, M.; Waibel, H.; Klasen, S. (Eds.) Vulnerability to Poverty: Theory, Measurement and Determinants, with Case Studies from Thailand and Vietnam (2013)

Detailed reference viewed: 16 (0 UL)
Peer Reviewed
See detailFinancial and Other Smoothing Mechanisms in Rural Thailand and Vietnam
Klump, Rainer UL; Kemper, N.; Menkhoff, L. et al

in Grimm, M.; Waibel, H.; Klasen, S. (Eds.) Vulnerability to Poverty: Theory, Measurement and Determinants, with Case Studies from Thailand and Vietnam (2013)

Detailed reference viewed: 16 (0 UL)
See detailVölkerrecht und Weltwirtschaft im 19. Jahrhundert
Klump, Rainer UL; Vec, Milos

Book published by Nomos (2012)

Detailed reference viewed: 31 (0 UL)
Full Text
Peer Reviewed
See detailThe normalized CES production function: theory and empirics
Klump, Rainer UL; McAdam, Peter; Willman, Alpo

in JOURNAL OF ECONOMIC SURVEYS (2012), 26(5), 769-799

The elasticity of substitution between capital and labor and, in turn, the direction of technical change are critical parameters in many fields of economics. Until recently, though, the application of ... [more ▼]

The elasticity of substitution between capital and labor and, in turn, the direction of technical change are critical parameters in many fields of economics. Until recently, though, the application of production functions with specifically non-unitary substitution elasticities (i.e., non-CobbDouglas) was hampered by empirical and theoretical uncertainties. As recently revealed, normalization of production-technology systems holds out the promise of resolving many of those uncertainties. We survey and assess the intrinsic links between production (as conceptualized in a production function), factor substitution (as made most explicit in Constant Elasticity of Substitution functions) and normalization (defined by the fixing of baseline values for relevant variables). First, we recall how the normalized Constant Elasticity of Substitution function came into existence and what normalization implies for its formal properties. Then we deal with the key role of normalization in recent advances in the theory of business cycles and of economic growth. Next, we discuss the benefits normalization brings for empirical estimation and empirical growth research. Finally, we identify promising areas of future research. [less ▲]

Detailed reference viewed: 69 (2 UL)
Full Text
Peer Reviewed
See detailOn the affiliation of phenomenology and ordoliberalism: Links between Edmund Husserl, Rudolf and Walter Eucken
Klump, Rainer UL; Woersdoerfer, Manuel

in EUROPEAN JOURNAL OF THE HISTORY OF ECONOMIC THOUGHT (2011), 18(4), 551-578

This paper explores the various personal and intellectual links between Edmund Husserl, Rudolf and Walter Eucken. Our interdisciplinary approach gives an insight into Husserl's transcendental ... [more ▼]

This paper explores the various personal and intellectual links between Edmund Husserl, Rudolf and Walter Eucken. Our interdisciplinary approach gives an insight into Husserl's transcendental phenomenology, Walter Eucken's Ordoliberalism as well as in the interdependency between phenomenology and economics for which Rudolf Eucken's philosophy of intellectual life plays an important role. Particular affiliations between phenomenology and economics can be found in the following topics: epistemology, the idea of man, the comprehension of liberty and the importance of legal or social orders, institutional rules and frameworks of regulations. [less ▲]

Detailed reference viewed: 98 (1 UL)
Full Text
Peer Reviewed
See detailAn Ordoliberal Interpretation of Adam Smith
Klump, Rainer UL; Wörsdörfer, Manuel

in ORDO: Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft (2010)

Detailed reference viewed: 38 (0 UL)
Full Text
Peer Reviewed
See detailPoverty and government transfers in the United States
Herzer, Dierk; Klump, Rainer UL

in APPLIED ECONOMICS LETTERS (2010), 17(16), 1565-1569

This article examines the long-term impact of government transfers on poverty in the United States using cointegration techniques. In contrast to most existing studies, we find that government transfers ... [more ▼]

This article examines the long-term impact of government transfers on poverty in the United States using cointegration techniques. In contrast to most existing studies, we find that government transfers play an important poverty-reducing role. [less ▲]

Detailed reference viewed: 43 (0 UL)
Peer Reviewed
See detailShock-Coping and Household Finance in Rural Vietnam
Klump, Rainer UL

in Microinsurance: An Innovative Tool for Risk and Disaster Management (2010)

Detailed reference viewed: 30 (1 UL)
Full Text
Peer Reviewed
See detailThe effects of public pensions on private wealth: evidence on the German savings puzzle
Kim, Sangho; Klump, Rainer UL

in APPLIED ECONOMICS (2010), 42(15), 1917-1926

Based on German panel data between 1984 and 1999, we test for the interaction of social security benefits and private wealth formation. In a simple life-cylce model benefits from public pension systems ... [more ▼]

Based on German panel data between 1984 and 1999, we test for the interaction of social security benefits and private wealth formation. In a simple life-cylce model benefits from public pension systems should displace equal amounts of private retirement accumulation. Our estimate for the offset effect, corrected for several possible measurement biases, is much lower, however, than expected from pure life-cycle considerations and less than comparable estimates for the US and the UK. This result thus supports other evidence on a particular German savings puzzle, which might be due to market imperfections and/or bounded rational behaviour. [less ▲]

Detailed reference viewed: 38 (0 UL)
Full Text
Peer Reviewed
See detailPoverty, government transfers, and the business cycle: Evidence for the United States
Herzer, D.; Klump, Rainer UL

in Applied Econometrics and International Development (2009), 9(2), 127-147

We examine the impact of government transfers and the business cycle on poverty in the United States in the context of a poverty function that includes the official poverty rate, three types of government ... [more ▼]

We examine the impact of government transfers and the business cycle on poverty in the United States in the context of a poverty function that includes the official poverty rate, three types of government transfers, real wages, the number of female-headed families, and a business cycle variable. Using cointegration techniques, we find - contrary to most previous studies - that government transfer programs play an important poverty-reducing role. In addition, the findings suggest that the business cycle is one of the key variables in explaining poverty in the US. Furthermore, the empirical results show that the size and composition of public transfer payments change over the business cycle. We also find poverty to have a significant effect on government transfers, the business cycle, and the structure of households. [less ▲]

Detailed reference viewed: 20 (1 UL)
Full Text
Peer Reviewed
See detailFactor Substitution, Income Distribution and Growth in a Generalized Neoclassical Model
Irmen, Andreas UL; Klump, Rainer UL

in GERMAN ECONOMIC REVIEW (2009), 10(4), 464-479

We analyze a generalized neoclassical growth model that combines a normalized CES production function and possible asymmetries of savings out of factor incomes. This generalized model helps to shed new ... [more ▼]

We analyze a generalized neoclassical growth model that combines a normalized CES production function and possible asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the impact of factor substitution and income distribution on economic growth. We show that this impact relies on both an efficiency and a distribution effect, where the latter is caused by the distributional consequences of an increase in the elasticity of substitution. While the efficiency effect is always positive, the sign of the distribution effect depends on the particular savings hypothesis. If the savings rate out of capital income is substantial so that a certain threshold value is surpassed, the efficiency effect dominates and higher factor substitution accelerates the accumulation of capital and works as a major engine of growth. [less ▲]

Detailed reference viewed: 50 (0 UL)
Peer Reviewed
See detailHow to Integrate Culture into Economics? Some Reflections on an Old and still Challenging Research Agenda
Klump, Rainer UL

in Economic Styles in the Process of EU Eastern Enlargement (2009)

Detailed reference viewed: 45 (2 UL)
Full Text
Peer Reviewed
See detailÜber die normativen Implikationen des Ordoliberalismus für die moderne Wirtschaftsethik (The Ethical-Normative Implications of German Ordoliberalism)
Klump, Rainer UL; Wörsdörfer, Manuel

in Zeitschrift für Wirtschafts- und Unternehmensethik (2009)

Detailed reference viewed: 15 (0 UL)
Peer Reviewed
See detailThe CES production function in the theory and empirics of economic growth - Introduction
Klump, Rainer UL; Papageorgiou, Chris

in JOURNAL OF MACROECONOMICS (2008), 30(2), 599-600

Detailed reference viewed: 62 (0 UL)
Peer Reviewed
See detailCalibration of normalised CES production functions in dynamic models
Klump, Rainer UL; Saam, Marianne

in ECONOMICS LETTERS (2008), 99(2), 256-259

Normalising CES production functions allows to choose technology parameters of dynamic models in a plausible way and excludes arbitrary effects of changes in the elasticity of substitution. As an ... [more ▼]

Normalising CES production functions allows to choose technology parameters of dynamic models in a plausible way and excludes arbitrary effects of changes in the elasticity of substitution. As an illustration, the speed of convergence in the Ramsey model is considered. (C) 2007 Elsevier B.V. All rights reserved. [less ▲]

Detailed reference viewed: 43 (0 UL)
Peer Reviewed
See detailUnwrapping some euro area growth puzzles: Factor substitution, productivity and unemployment
Klump, Rainer UL; McAdam, Peter; Willman, Alpo

in JOURNAL OF MACROECONOMICS (2008), 30(2), 645-666

In this paper, we estimate a long run supply-side system incorporating a CES production function with time-varying factor-augmenting technical progress for the euro area over the period 1970-2005. We find ... [more ▼]

In this paper, we estimate a long run supply-side system incorporating a CES production function with time-varying factor-augmenting technical progress for the euro area over the period 1970-2005. We find that the elasticity of substitution lies below unity at 0.7, that labor-augmenting technical progress is dominant in the long run while capital-augmenting technical progress plays an important role in the interim period. Importantly, we also find evidence of a structural break in the pattern of biased technical progress towards the end of the 1990s. Our results help to solve two puzzles in Europe's recent growth experience which differ markedly from the US experience. The first is related to the effects of the IT boom in the 1990s on productivity growth in Europe. The second puzzle concerns the changes in the "Okun's law" relationship, linking growth to the reduction of unemployment, which are observable in Europe since the late 1990s. (C) 2007 Published by Elsevier Inc. [less ▲]

Detailed reference viewed: 32 (0 UL)