Die sächsischen Exporte konzentrieren sich auf wenige Absatzmärkte. Besonders deutlich zeigt sich dies im Kraftfahrzeugbau, weniger ausgeprägt auch im Maschinenbau und in der Elektrotechnik. Diese Fokus sierung auf wenige Handelspartner bringt gewisse Risiken mit sich, welche durch weitere...

We use US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the extent of government employment at three levels: federal, state and local. We find that increases in federal, state and local government employments are all negatively...

If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of economic development" in a very original way and having formulated his theory in a specific language. He managed to identify the "carrier" of development focusing on the systematic...

We present a theory of spatial development. A continuum of locations in a geographic area choose each period how much to innovate (if at all) in manufacturing and services. Locations can trade subject to transport costs and technology diffuses spatially across locations. The result is an...

We show with the aid of pooled OLS estimations that investments in improved road infrastructure have the potential to signficantly reduce transport costs. However, this result can only be clearly con rmed for industrial countries and is of primary importance for production and transportation of...

Since the introduction of its "open door" policy in the late 1970s, China has been attracting a growing share of FDI inflows and its international trade integration has advanced considerably. In this study, we take a closer look at the regional growth impact of the Chinese internationalization...

Der Arbeitsbericht beschreibt unter Bezug auf die wirtschaftliche Entwicklung die regionale Verteilung regionalwirtschaftlich relevanter raumwirksamer finanzieller Staatshilfen in der Förderperiode 1995 bis 2008. Betrachtungseinheiten sind die Bundesländer sowie die ländlichen und nicht...

The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross-sectional heterogeneity. Despite these differences, a rate of...

We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are essentially uncorrelated with income levels. -- Economic Growth ;...

This paper offers two innovations for empirical growth research. First, the paper discusses principal components augmented regressions to take into account all available information in well-behaved regressions. Second, the paper proposes a frequentist model averaging framework as an alternative...