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actually favors stabilization. In an empirical analysis for Germany, the paper adds support for the finding of significant … regional stabilization by fiscal flows. The results indicate that about 17 % of GDP variation across West Germany's states has … been removed by fiscal flows during the last two decades. Thus, in Germany where the fiscal federalism is criticised for …
Persistent link: https://www.econbiz.de/10013428245
This paper analyses the effects of the creation or removal of borders on firms' profits and their optimal location in an autarkic region. A firm chooses a position close to a border if a crucial degree of openness is achieved. Furthermore, the positive effect of removal of borders decreases in...
Persistent link: https://www.econbiz.de/10013428247
Several countries have recently introduced national capital standards exceeding the internationally coordinated Basel III rules, which is inconsistent with the 'race to the bottom' in capital standards found in the literature. We study regulatory competition when banks are heterogeneous and give...
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opening of new institutions of tertiary education across Germany in the 1980s and 1990s. The new college substantially …
Persistent link: https://www.econbiz.de/10013282572
This paper shows that 19th-century industrialization is an important determinant of the significant changes in Germany … Germany, we establish that nearly half of them experienced a reversal of fortune between 1926 and 2019, i.e., they moved from … the lower to the upper median of the income distribution or vice versa. Economic decline is concentrated in North Germany …
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