The analysis of Baltic regional trade patterns reveals that during the nineties the Baltic states made significant progress to integrate into the Western European division of labour although a significant share of (transit) trade with Russia remained. In view of this development, history seems...

The analysis of Baltic trade statistics and gravity estimates reveal that Estonia, Latvia and Lithuania have rapidly integrated into the international division of labour with a distinct EU focus. The Baltic States have taken a road towards the EU common market which pays particular attention to...

German technology policy has undergone a remarkable change during the last years. The first thing to mention is that technology policy in Germany takes a broader view now, focussing not only on knowledge creation (i.e. the invention process per se) but also on knowledge diffusion and faster...

The paper analyses the infrastructure provision in East Germany mainly by an examination of existing literature. At the time of German unification 1990, infrastructure in East Germany was in a very bad condition. After more than ten years of rebuilding, most of the remaining need for...

The author shows with pooled OLS estimations based on transport margins from international social accounting data that investments in improved road infrastructure have the potential to significantly reduce transport costs. However, this result can only be clearly confirmed for industrial...

The Fukushima Daiichi accident in Japan in March 2011 caused a fundamental change in Germany's energy policy which led to the immediate shut down of nearly half of its nuclear power plants. This paper uses data from Germany's largest internet platform for real estate to investigate the effect of...

Entgegen der Regierungsmeinung, eine Preisexplosion im Wohnungsmarkt bremsen zu müssen, kommen wir zu dem Ergebnis, dass die Nettokaltmieten in Deutschland in den letzten 20 Jahren preisbereinigt sogar gesunken sind. Unsere Daten zeigen, dass nur einige Kreise stark ansteigende Preise...

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in which housing price changes work as a wealth effect. In such models, windfall gains in housing always lead to positive changes in consumption. However, this might constitute a...

In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes different economic agents that interact using simple behavioral rules through various markets, i.e., the consumption goods market, the labor market, the credit market and the...