Das Volumen der ostdeutschen Importe ging nach der Wirtschafts- und Währungsunion 1990 drastisch zurück. 1994 lag es bei nur einem Viertel des Niveaus von 1989. Hauptsächlich verursacht war diese Entwicklung durch die stark geschrumpfte Produktion und den damit einhergehenden gesunkenen...

Am 21.11.1993 wurden auf der EURO-INVEST-Konferenz die Perspektiven für die Entwicklung auf den europäischen Märkten für Bauten, Maschinen und Ausrüstungen erörtert. Zunächst wurden Annahmen zur weltwirtschaftlichen Entwicklung bis 1998 getroffen. So befinden sich die USA in einer...

This paper studies the design of an optimal pension scheme in an OLG and open economy model. The pension scheme provides a flat rate benefit and is based on the PAYG principle. It thus combines inter- and intra-generational redistribution. In this setting a number of symmetric economies are...

Optimal international taxation and its implications for convergence in long run income growth rates are analyzed in the context of an endogenously growing world economy with perfect capital mobility. Under tax competition (i) the residence principle will maximize national welfare; (ii) the...

The huge increase in international reserve holdings by Asian countries since the 1997 crisis has been one of the most important recent developments on the international financial scene. These buildups have contributed substantially to concerns about the creation of excessive global liquidity....

Abstract This paper proposes a nesting ‘New Trade, New Economic Geography’ model in which agglomeration is driven by input–output linkages among firms, trade in goods and capital mobility. The New Economic Geography sub-model exhibits the same positive and dynamic properties as a wide...

The aim of this paper is to discuss the process of regional convergence within the framework of an overlapping generations model in which the engine of growth is the accumulation of human capital. In particular, we consider different education funding systems and compare their performance in...

This paper presents a model of legal migration of temporary skilled workers from one source country to two host countries, both of which can control their levels of such immigration. Because of complementarities between capital and labor, the return on capital is positively related to the level...

The narrative as well as the analysis of deregulated finance in the global economy remain incomplete unless one relates to the surges as well as volatility in capital flows which are experienced by the emerging economies. An analysis as above needs to consider the implications of capital flows...

The competition that permeates the public sector acts as a force to discipline public sector actors. But it also serves to build links between the volume of goods and services supplied by public bodies and the prices that citizens must pay for them. Globalization, by permitting a greater...