This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...

This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...

This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...

Trotz unübersehbarer Standortvorteile in bestimmten Bereichen haben die mittel- und osteuropäischen Staaten mit beträchtlichen Barrieren für wirtschaftliche Aktivitäten zu kämpfen. Hierzu zählt unter anderem die Ausstattung mit Verkehrsinfrastruktur. Vorallem die niedrige Strassendichte...