While the US experienced two successive labor productivity surges in 1995 and 2000, Germany’s productivity declined … dramatically during the same period. We examine the sources of Germany’s productivity demise using the ifo industry growth … deeply lacking in the mid 1990’s as compared to the US. The transition to the new economy mitigated the German productivity …

types in 52 different industries. The industry sources of productivity and output growth are crucial to the understanding of …

Foreign direct investment (FDI) in services has grown significantly in recent years. Evidence of spatial relationships …. This paper investigates spatial interactions for services FDI using several distance measures, including physical distance … activity remain valid for services. We also find spatial interdependence for services FDI that is generally supportive of …

OECD countries vis-à-vis 69 exporters. Competition in services affects the volume of goods trade while the market structure … competition apparently matters most for exporters in smaller, poorer countries. By ignoring the structure of the domestic services …

international sourcing of materials depends on a firm’s productivity and the availability of local services. These predictions are …We use unique plant-level data to study the link between the local availability of services and the decision of … materials to sales. In addition, we find evidence that services grease the wheels of international commerce: A greater …

Since the breakdown of the Bretton Woods System diverging current account positions in Europe have prevailed. While the … fiscal policy stances for current account imbalances in Europe since the early 1970s under alternative institutional monetary …

mortality reductions. Using data from 19 compulsory schooling reforms implemented in Europe during the twentieth century, we …

root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … important drivers of inflation rates in an enlarged Europe. House prices matter to some extent in the euro area, whereas the …