Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve this theoretical and empirical puzzle by diagnosing a pathological export boomʺ and a bazaar effectʺ. Excessively high wages defended by unions and the welfare state against the...

Hans-Werner Sinn erläutert kurz die These des "pathologischen Exportbooms". Danach wächst der Export nicht trotz, sondern wegen der hohen Löhne so schnell. Aus dem gleichen Grund schrumpfen die Binnensektoren, das allgemeine Wachstum lahmt, und die Arbeitslosigkeit steigt: In den letzten...

Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve this theoretical and empirical puzzle by diagnosing a "pathological export boom" and a "bazaar effect". Excessively high wages defended by unions and the welfare state against the...

Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve this theoretical and empirical puzzle by diagnosing a "pathological export boom" and a "bazaar effect". Excessively high wages defended by unions and the welfare state against the...

There is ample evidence that user-producer interaction is an important factor for successful innovations. It is often claimed that user-producer interaction is most effcient in close proximity. On the other hand, innovations are a major determinant for the export performance of firms. Does this...