Nach Verwirklichung der deutschen Wiedervereinigung steht die öffentliche Hand vorgravierenden finanziellen Problemen. Dem hohen Investitionsbedarf in Bereichen wieInfrastruktur, Altlastsanierung, Abfallentsorgung und Umweltschutz steht eine angespanntefinanzielle Situation der Gemeinden...

When developing urban areas, one ofthe key issues to consider is that oftraffic. The provision of well-planned,adequate transport infrastructure iskey to dealing with the levels of trafficgenerated by a major urban area. Theissue of accessibility is also important,and transport infrastructure...

This paper theoretically and empirically analyzes the interaction of emigration of highly skilled labor, an economy`s income gap to potential host economies of expatriates, and optimal public infrastructure investment. In a model with endogenous education and R&D investment decisions we show...

The share of privately managed road infrastructure throughout Western Europe is relatively high; the progress among these countries is unequally developed. While private concessionaires have been established in England, France, Spain, Finland, France, Italy and Portugal since the late 1950s,...

PRIVATISATION AND THE USE OF PUBLIC PRIVATE PARTNERSHIPS(PPP) MODELS IN THE PROVISION OF ROAD AND HIGHWAYINFRASTRUCTURE HAS CONTINUOUSLY GAINED IN IMPORTANCEWORLDWIDE AND IN PARTICULAR IN EUROPE DURING THE LASTYEARS. TRADITIONALLY CONSIDERED AS A TYPICAL PUBLIC DOMAIN,MORE AND MORE OF THE TASKS...

Angesichts von Finanzmarktkrise undRezession braucht Deutschland mehr denn jeeine kluge Wachstumsstrategie. Um dieWirtschaft nachhaltig wieder in Fahrt zubringen, müssen nicht nur die Binnennachfrage,sondern auch die Angebotskapazitätengestärkt werden. Dazu dient am besten einProgramm, wie es...

In Deutschland stellen wir jedes Jahreinen neuen Rekord auf. Jedes Jahrwurden mehr Güter und Personen durchunser Land transportiert. Diesesgeschieht zunehmend auf der Straße.Auch in den kommenden Jahren wirdsich diese Entwicklung fortsetzen. Wollenwir dies? Wie wollen wir den Ausbau...

An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries.This is in contrast with neoclassical theory, according to which trade should increase therelative return of the...

We describe a model for the optimization of the issuances of Public Debt securities developed together with the Italian Ministry of Economy and Finance. The goal is to find the composition of the portfolio issued every month which minimizes a specific "cost function". Mathematically speaking,...

This paper reassesses, at the light of economic and financial theory, the well-documented recent evolution of the euro area public debt and equity markets. Doing so leads to associating the EMU and the single market with the changes in fundamentals and financial integration with convergence in...