Heitmann, Nadine; Rehdanz, Katrin; Schmidt, Ulrich - Institut für Weltwirtschaft (IfW) - 2011
The Kiel Canal in Germany connects ports on the Baltic Sea with the rest of the world and is the most-used artificial waterway in the world. Despite this fact, it generates a balance sheet loss. Revenues, which are mainly generated by the transit charge, do not cover its operating expenses. This...