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Persistent link: https://www.econbiz.de/10003597976
process. Our main finding is that city growth in western Germany did not follow a random walk, while city growth in eastern … Germany did follow a random walk. Different post-war economic systems are most likely responsible for this outcome. …
Persistent link: https://www.econbiz.de/10011514015
-unification Germany. We find support for a spatial wage structure for German city-district wages, and hence indirectly for the relevance … central features of the core new economic geography models, namely that wages have the tendency to fall the further one moves … of a new economic geography model for Germany. We also find that demand linkages in Germany are strongly localised and …
Persistent link: https://www.econbiz.de/10009780204
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Distance related variables typically vary in a cross-section dimension but less so in a time dimension across cities, regions, or countries. The enlargement of the EU or the introduction of the euro, however, can be looked upon as integration shocks that are informative of the consequences of...
Persistent link: https://www.econbiz.de/10009009598
The Berle-Means problem - information and incentive asymmetries disrupting relations between knowledgeable managers and remote investors - has remained a durable issue engaging researchers since the 1930's. However, the Berle-Means paradigm - widely-dispersed, helpless investors facing strong,...
Persistent link: https://www.econbiz.de/10011514196
German city growth. The strategic bombing of Germany during WWII enables us to assess the empirical relevance of multiple …
Persistent link: https://www.econbiz.de/10003201792
By combining two large data sets (on international trade flows and on mergers and acquisitions M&As), we are able to test two implications of Neary's (2003, 2004a) recent theoretical work. Analyzing M&As in a General Oligopolistic Equilibrium (GOLE) model incorporating strategic interaction...
Persistent link: https://www.econbiz.de/10003204045
The withdrawal of the United Kingdom from the European Union has had disruptive effects on international trade. As part of its "Global Britain" strategy, in the wake of Brexit, the UK is pursuing a series of Free Trade Agreements with countries around the world, including Canada, Japan, Korea,...
Persistent link: https://www.econbiz.de/10012619413