Even though the automobile industry is technologically advanced, the increasing integration of low-income countries into the global division of labor has put competitive pressure on traditional automobile producing countries. New end-producers emerged in Asia, Latin America as well as Southern...

This paper outlines a simple regression-based method to decompose the variance of an aggregate time series into the variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and employment to cyclical output growth across a panel...

In the 1980s, the Western Pacific hemisphere ranging from Japan and the PR China to Australia and New Zealand has remained the growth pole of the world economy. Real per capita incomes of East and Southeast Asian developing economies grew even faster in this decade than in the 1970s [World Bank,...

Die stärkste Dynamik in der Weltwirtschaft entfaltet derzeit die asiatisch-pazifische Region. Besonders kräftig wachsen dort die vier Schwellenländer Südkorea, Taiwan, Hongkong und Singapur, die im folgenden als asiatische NICs (für Newly Industrializing Countries) bezeichnet werden. Sie...

During the last decade, the role of multinational corporations in international trade has received a steadily increasing attention. In a wide sense, multinational corporations are reported to manage an increasing share of international trade thereby bridging the gap between production for local...

The paper measures income elasticities of demand for manufacturing imports in China since 1990 disaggregated by major trading partners such as the US, Japan, Germany and rest of the EU. German exporters seem to have benefited from the hightest demand elasticities. The paper proposes explanatory...

Redistribution differs widely across countries, but our understanding of why this is the case is limited. In democracies, the extent of redistribution should ultimately reflect citizens' preferences. We measure preferences for redistribution in six developed countries through internationally...