The evolution of higher moments of the firm size distribution so far seems to be neglected in the empirical firm growth literature. Based on GMM estimates, this paper introduces simple Wald tests to investigate whether the firm size distribution converges in both the second and third central...

Industriepolitik ist ein umstrittener, aber notwendiger Teil der Wirtschaftspolitik. Sie entwickelte sich von sektoralen Eingriffen über eine Förderung der Wettbewerbsfähigkeit durch breite, horizontale Politiken schließlich zu einer Kombination von primär horizontalen und ergänzend...

Since the 1960s, several countries have adopted incomes policies in various forms to control inflation that had been interpreted as the result of a distributional struggle between business and labour unions. Recent writings on the NAIRU, however, ignore past policy interventions in the wage and...

Foreign Direct Investment (FDI) is not only a transfer of capital, but a complex bundle of capital and firm-specific assets like production and management know-how. In particular, the transfer of production know-how improves overall productivity of FDI-receiving firms and to some extent also...