The international transactions accounts provide information on trade in goods and services (including the balance of payments and the balance of trade), investment income, and government and private financial flows. In addition, the accounts measure the value of U.S. international assets and...

Das Internet und die multimedialen Möglichkeiten des World Wide Web habendazu geführt, dass eine neue Industrie um die innovativen Technologien und Geschäftsmodelleentstanden ist. Mittlerweile wird - in Abgrenzung zu den Geschäftsmodellender Old Economy - von der New Economy gesprochen.So...

A recent phenomenon of globalisation has come to be known as "Knowledge Process Outsourcing" (KPO), whereby knowledge-intensive R&D work is outsourced to an outside firm or an offshore-subsidiary. Primary motives of KPO are thought to be availability of highly-skilled labour, locations of...

Das Volkseinkommensoll endlich wieder wachsen.Aber wer ist das Volk? Nurwenn die Löhne denAufschwung mittragen,bleibt er stabil, und wirddie seit zehn Jahren laufendeUmverteilung zulasten derLohneinkommen beendet.Eine ertragsabhängige,betriebsspezifi scheLohnpolitik bremst...

We study a model where two parties, one from the left and one from the right, compete forposition. The election is to be held in the near future and the outcome is uncertain. Prior to theelection, the members of both parties nominate their prime ministerial candidates. Investorscare about the...

This paper provides a simple theory of geographical mobility which simultaneously explainspeople’s choice of residences in space and the location of industry. Residences are chosenon the basis of the utility which mobile households obtain across locations...

We present a model for the equilibrium movement of capital between markets.Two markets with symmetrically distributed risks are distinguished only by the levelsof capital invested in the two markets. That market with the greater amount of capitalearns lower conditional mean returns....

Das vorliegende Papier verfolgt, den empirischen Zusammenhang zwischen den realen Aktienmarktniveaus von Deutschland und den USA zur Aktienmarktprognose zu verwenden ...

With this paper, we provide the first quantitative investigation of vertical price transmission inthe biodiesel supply chain in Germany with the focus on the developments during the foodcrisis and the impact of subsidized US biodiesel exports. With the strong promotion of theproduction and use...