Der vorliegende Beitrag erörtert, inwiefern staatliche Subventionen ein Instrument zur Internalisierung ökonomischer Außenwirkungen (externer Effekte) sind, dass den Ergebnissen des Standortwettbewerbs zu mehr Effizienz verhilft. Der Wettbewerb um Direktinvestitionen wird durch ein einfaches...

The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is largely neglected. Job-creation is often thought to be a matter of encouraging more employment on a given capital stock. In contrast, this paper explicitly deals with the long-run...

Germany`s disappointing economic performance causes political upsets. If the next government intents to be more successfull than the current one, fundamental reforms are to be enforced. Germany`s inadequate federal system is a major growth obstacle. The country forgoes the benefits of...