We identify the impact of local firm concentration on incumbent performance with a quasi natural experiment. When Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent expropriation. We show that the regional location decisions...

In this paper we emphasize the contribution of technical change, broadly defined, towards productivity growth in explaining the relative East Germany-West Germany performance during the post-World War II era. We argue that previous work was excessively focused on physical capital investments...

This paper advances the hypothesis that the EUS crisis was caused by German unification. The unification has implied a massive resource demand which parallels the US resource demand following Reagan's tax reforms in the eighties. The resource demand revised the German interest rates relative to...

On 17th December 2008 the German Federal Cabinet adopted the German Strategy for Adaptation to Climate Change (DAS). This Strategy highlights areas likely to be affected by climate change or which already show evidence of impacts, as well as basic options for a possible approach and the...

The buildings sector accounts for about 40% of final energy consumption in Germany, and by far the largest part of this is due to old buildings. In total, more than 80% of the final energy consumed in households is used for space heating and hot water (Federal Statistical Office 2010)....