Vera Eichenauer


Last Name

Eichenauer

First Name

Vera

ORCID

0000-0002-0440-3136

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Publications 1 - 10 of 67
  • December Fever in Public Finance
    Item type: Other Conference Item
    Eichenauer, Vera (2017)
  • Constructing Daily Economic Sentiment Indices Based on Google Trends
    Item type: Working Paper
    Eichenauer, Vera; Indergand, Ronald; Martínez, Isabel Z.; et al. (2020)
    KOF Working Papers
    Google Trends have become a popular data source for social science research. We show that for small countries or sub-national regions like U.S. states, underlying sampling noise in Google Trends can be substantial. The data may therefore be unreliable for time series analysis and is furthermore frequency-inconsistent: daily data differs from weekly or monthly data. We provide a novel sampling technique along with the R-package trendecon in order to generate stable daily Google search results that are consistent with weekly and monthly queries of Google Trends. We use this new approach to construct long and consistent daily economic indices for the (mainly) German-speaking countries Germany, Austria, and Switzerland. The resulting indices are significantly correlated with traditional leading indicators, with the advantage that they are available much earlier.
  • The Causal Effects of Trade, Aid and Investment on China's Image Abroad
    Item type: Other Conference Item
    Brückner, Lutz; Eichenauer, Vera; Fuchs, Andreas (2017)
  • Investment Screening Mechanisms: The Trend to Control Inward Foreign Investment
    Item type: Report
    Eichenauer, Vera; Dorsch, Michael; Wang, Feicheng (2021)
    EconPol Policy Reports
    In an increasing number of sectors, concerns are rising that foreign firm participation may pose risks to public order. Many developed countries have adopted or extended their investment screening mechanisms to control inward foreign direct investment in strategically important sectors over the last years. This paper documents the development of investment screening in OECD and EU countries and provides the first discussion from an economic perspective. We review existing and propose new explanations for the adoption of investment screening. Our exploratory quantitative analysis suggests that countries with higher levels of technological development and with a stricter regulatory environment for foreign investment are more likely to introduce investment screening. Contrary to the popular wisdom, we do not find evidence that higher Chinese inward investments are associated with the implementation of investment screening.
  • December Fever in Public Finance
    Item type: Other Conference Item
    Eichenauer, Vera (2021)
  • December Fever in Public Finance
    Item type: Presentation
    Eichenauer, Vera (2018)
  • Burden-shifting, encroaching and shirking: Federalism in a pandemic crisis
    Item type: Presentation
    Eichenauer, Vera; Hug, Simon; Sciarini, Pascal; et al. (2021)
  • The Causal Effects of Trade, Aid and Investment on China’s Image Abroad
    Item type: Presentation
    Eichenauer, Vera (2018)
  • The adoption and diffusion of international economic policy: the case of foreign investment screening
    Item type: Other Conference Item
    Eichenauer, Vera (2022)
    This paper investigates the rise of foreign investment screening mechanisms (ISM), a new policy friction in the global economy, over the last two decades. Originally conceived as a policy to regulate the foreign control of sensitive industries for national security reasons, ISMs have proliferated across broader sectors of national economies. We formally analyze the sectoral-level choice of ISM adoption in a model that emphasizes norms within networks of international relations as the driving force behind the diffusion of ISMs. We argue that as leading economies adopt ISMs across sectors of the economy, the cost of violating norms of economic openness decreases for the other networked economies, and ISM adoption spreads. We then empirically scrutinize the role of network effects using a unique country-sector-level panel data set on ISM adoption. Examining a broad variety of network linkages -- bilateral trade relations, membership in the EU, geographic and political distances, and linkages to the world's major economic powers -- we conclude that network effects explain ISM adoption, and that economic linkages are more important than political linkages.
  • The price of security? A network perspective on investment screening mechanisms
    Item type: Other Conference Item
    Eichenauer, Vera (2022)
    This paper investigates the rise of foreign investment screening mechanisms (ISM), a new policy friction in the global economy, over the last two decades. Originally conceived as a policy to regulate the foreign control of sensitive industries for national security reasons, ISMs have proliferated across broader sectors of national economies. We formally analyze the sectoral-level choice of ISM adoption in a model that emphasizes norms within networks of international relations as the driving force behind the diffusion of ISMs. We argue that as leading economies adopt ISMs across sectors of the economy, the cost of violating norms of economic openness decreases for the other networked economies, and ISM adoption spreads. We then empirically scrutinize the role of network effects using a unique country-sector-level panel data set on ISM adoption. Examining a broad variety of network linkages -- bilateral trade relations, membership in the EU, geographic and political distances, and linkages to the world's major economic powers -- we conclude that network effects explain ISM adoption, and that economic linkages are more important than political linkages.
Publications 1 - 10 of 67