Der Freistaat Sachsen wird in den kommenden Jahren vor komplexen Herausforderungen stehen. Diese umfassen einerseits demographische Aspekte wie den Rückgang sowie die Alterung der Bevölkerung. Hier könnten mittelfristig Anpassungsprozesse auf Sachsen zukommen, deren Finanzierung zumindest...

From the old Chinese songs, we know that '56 Chinese brothers and sisters' live together in a big family. This expression refers to the number of nationalities living in P.R. China. However, many Han Chinese live far away from the National Minorities and they get to know their brothers and...

Given the marked reduction in the number of banks in Germany during recent years, the study estimates competitive behavior in the German banking system by applying an empirical method developed by Panzar and Rosse (1987). By estimating the banks' reduced form revenue functions, the sums of their...

In the last few years it has been possible to observe decreasing interest margins for German universal banks. At the same time, institutions increasingly moved part of their business from interest to fee-earning activities. This study analyzes the determinants of non-interest income and its...

While traders of agricultural products are known to often exercise market power, this power has rarely been quantified for developing countries. In order to derive a measure, we estimate the traders' revenue functions and calculate the Marginal Value Products directly from them. We subsequently...

This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the Dutch disease and the resource curse, which primarily focus on short run...