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Multivariate Cointegration Analysis of Aggregate Exports: Empirical Evidence for the United States, Canada, and Germany

Strauß, Hubert - 2002

effect of globalization is often neglected leading to implausibly high income elasticities. This paper models export demand … relationships are found and identified as export supply and demand. Overidentifying restrictions derived from economic theory are …

Persistent link: https://www.econbiz.de/10010260491

Intra-industry adjustment to import competition: theory and application to the German clothing industry

Raff, Horst; Wagner, Joachim - 2009

This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and the...

Persistent link: https://www.econbiz.de/10010265261

Macroeconomic aspects of structural labor market reforms in Germany

Dovern, Jonas; Meier, Carsten-Patrick - 2006

Using a newly constructed macroeconometric model for Germany and the rest of the Euro area, we investigate the … macroeconomic effects of structural labor market reforms in Germany. We find that neither the fact that Germany can no longer pursue … Germany by implementing labor market reforms themselves constitute impediments to successful reforms. Reforms would relative …

Persistent link: https://www.econbiz.de/10010272958

Commuting, externalities, and the geographical sizes of metropolitan areas

Bode, Eckhardt - 2006

The paper proposes an econometric approach for quantifying jointly the geographical scope of commuting as well as the various forms of agglomeration economies originating from metropolitan centers. Adopting an urban economics perspective, and using land prices to measure their aggregate effects,...

Persistent link: https://www.econbiz.de/10010273114

Wage competition with international capital mobility

Lorz, Jens Oliver - 1997

This paper analyzes wage competition between national trade unions caused by the international mobility of capital. Perfect capital mobility leads to a Bertrand result for the outcome of wage competition: A pure strategy equilibrium implies full employment in all countries. It is shown that such...

Persistent link: https://www.econbiz.de/10010275331

The characteristics of international trade union competition

Lorz, Jens Oliver - 1993

Persistent link: https://www.econbiz.de/10010275460

Interpreting productivity growth in the new economy: Some agnostic notes

Gundlach, Erich - 2001

The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However, the size of the estimated growth rate of total...

Persistent link: https://www.econbiz.de/10010277425

Exchange-rate misalignments in duopoly: the case of Airbus and Boeing

Bénassy-Quéré, Agnès; Fontagné, Lionel; Raff, Horst - 2009

We examine the effect of exchange-rate misalignments on competition in the market for large commercial aircraft. This market is a duopoly where players compete in dollar-denominated prices while one of them, Airbus, incurs costs mostly in euros. We construct and calibrate a simulation model to...

Persistent link: https://www.econbiz.de/10010263548

Competitiveness and environmental policies in a dynamic model

Stähler, Frank - 1998

This paper discusses the issue of competitiveness and environmental regulation in a dynamic framework. It presents an example and a general model. It is shown that the dynamic framework cannot lend general support to the hypothesis that strict environmental policies result in an increase in...

Persistent link: https://www.econbiz.de/10010275243

Competitiveness and environmental policies in strategic environmental policy models

Stähler, Frank - 1998

This paper discusses the issue of competitiveness and environmental regulation from the viewpoint of strategic environmental policy models. It demonstrates that the incentive for strategic policies is determined only by the reaction of the opponent. Furthermore, it shows that the conditions...

Persistent link: https://www.econbiz.de/10010275431