@techreport{Lehment1997Gesamtwirtschaftliche,
abstract = {In this paper we empirically analyze the macroeconomic detenninants of insolvencies
in Germany since 1970. It is shown that the growth rate of insolvencies
can be explained by changes in the rate of return to capital and by preceding
changes in the money market interest rate and the inflation rate, as well as by
lagged effects of preceding changes in bankruptcies. We also find that Gennan
unification contributed to a rise of bankruptcy rates both in West Gennany and in
East Germany.},
address = {Kiel},
author = {Harmen Lehment and Christopher Blevins and Espen Sj\o{}voll},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {G33; 330; Konkurs; Rendite; Kapitalproduktivit\"{a}t; Inflationsrate; Zins; Sch\"{a}tzung; Deutschland; Neue Bundesl\"{a}nder},
language = {ger},
number = {842},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {Gesamtwirtschaftliche Bestimmungsgr\"{u}nde der Insolvenzentwicklung in Deutschland},
type = {Kiel Working Papers},
url = {http://hdl.handle.net/10419/1276},
year = {1997}
}
