Since July 2013, the EU and the US have been negotiating a preferential trade agreement (PTA), the Transatlantic Trade and Investment Partnership (TTIP). We use a multi-country, multi-industry Ricardian trade model with national and international input-output linkages to quantify its potential...

Die EEG-Umlage legt die Finanzierung der Einspeisung von Ökostrom auf Stromverbraucher um. Um negativen Effekten auf die internationale Wettbewerbsfähigkeit von deutschen Unternehmen entgegenzuwirken, nimmt die besondere Ausgleichsregelung des EEG stromintensive Unternehmen von der EEG-Umlage...

Für die wirtschaftspolitische Analyse ist die Betrachtung bilateraler Handelssalden nur begrenzt sinnvoll. Es kommt auf den Wertschöpfungsgehalt des Handels an, denn dieser ist für die heimische Wohlfahrt, für heimische Löhne, Kapitaleinkommen und Steueraufkommen maßgeblich. Die...

Daten zur Produktionsstruktur der Welt, die aus Input-Output-Tabellen entnommen werden, zeigen, dass der ausländische Wertschöpfungsanteil, der in deutschen Exporten steckt, zwischen 1995 und 2008 von 13,5 auf 20% gestiegen ist. Somit ist für Deutschland der langfristige Trend zur...

In the 2000s, China's WTO entry constituted a major trade shock. In this paper, we analyze its eff ects on trade and value chains. The fragmentation of the global value chain makes it hard to disentangle who produces for whom. Value added trade contains this information. We build a multi-sector...

Reportedly, firms often find it impossible to finance large and long-term projects despite positive net present values. Should governments step in and can their assistance be effective? This paper studies the case of public export credit guarantees in Germany. Covering the default risk of...

Many Kyoto countries fear a loss of competitiveness due to unilateral climate policyefforts; policymakers therefore call for carbon-related border tax adjustments. With thispaper we attempt to estimate the treatment effect of Kyoto commitment on bilateralexport flows using regression-adjusted...

The proposed Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States of America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have strong economic effects on Germany. In this paper, we...

Has the Kyoto Protocol induced carbon leakage? We conduct the first empirical ex-post evaluation of the Protocol. We derive a theoretical gravity equation for the CO2 content of trade, which accounts for intermediate inputs, both domestic and imported. The structure of our new panel database of...