"Der Beitrag behandelt im Schwerpunkt die schätztheoretische Problematik bei der Erklärung von Veränderungen der Beschäftigungsschwelle des Wirtschaftswachstums, die durch die Spezifikation bedingt ist. Es wird nachgewiesen, daß neben technischen Fortschritt, Skaleneffekt i.a. auch der...

Japan’s position is one of the largest and richest economies in the world. Tokyo as a financial marketplace is not a major intermediator of global capital flows. The current macroeconomic environment is conducive to spillovers being larger than captured by the empirical analysis. Apart...

As critical piece of China’s gradualist economic transition, domestic price reform still faces major challenges. In particular, factor price, which is still tightly-controlled and not market-based, is lower than market equilibrium price. Factor price distortion not only reduces market...

The paper exploits a unique Chinese municipal dataset to assess the impact of Special Economic Zones on the local economy. Comparing the changes between the municipalities that created a SEZ in earlier rounds and those in later waves, I find that the SEZ program increases foreign direct...