The increasing integration of international financial markets means that credit defaults in one country have to be covered by creditors in other countries. If the principle of creditor liability were applied systematically, the financial losses incurred by the financial institution that provided...

Policy makers in "small" countries facing trade liberalisation have become concerned with the potential loss of manufacturing employment and output to "large" economies in the presence of economies of scale in production and international transport costs. This paper offers a methodology to...

The increasing integration of international financial markets means that credit defaults in one country have to be covered by creditors in other countries. If the principle of creditor liability were applied systematically, the financial losses incurred by the financial institution that provided...

Germany is the world's biggest gross and net exporter of research-intensive goods, even ahead of the US and Japan. Per capita Germany also has the largest export surplus for research-intensive goods with around USD 3,900. Furthermore, Germany increasingly benefits as an importer - and thus as a...

Die EU-Osterweiterung birgt auch für die Wirtschaft im Land Brandenburg zusätzliche Chancen und Risiken. Von allen Beitrittsländern ist Polen der größte Handelspartner Brandenburgs. Anhand des brandenburgischen Außenhandels wird untersucht, welche Potentiale sich der Wirtschaft des Landes...

Deutschland ist größter Brutto- und Nettoexporteur von forschungsintensiven Waren, noch vor den USA und Japan. Auch pro Kopf weist Deutschland mit rund 3 900 US-Dollar den größten Exportüberschuss bei forschungsintensiven Waren auf. Zudem profitiert Deutschland als Importeur und somit als...

This study suggests another explanation of the missing globalization puzzle typically observed in the empirical gravity models. In contrast to the previous research that focused on aggregated trade flows, we employ the trade flows in manufacturing products broken down by 25 three-digit ISIC...

This study compares two alternative approaches to estimate parameters in gravity equations. We compare the traditional OLS approach applied to the log-linear form of the gravity model with the Poisson Quasi Maximum Likelihood (PQML) estimation procedure applied to the non-linear multiplicative...