Economic performance in developed economies diverged in the nineties, with some countries enjoying high growth in output and accelerating growth in productivity. Ireland excelled in many respects and some Nordic European countries recovered from a serious crisis and successfully regained strong...

Driven by growing internationalisation and high unemployment in Europe concerns about competition between regions and cities and it's consequences for economic and social standards are omnipresent. In their strive for "competitiveness" and a high position of their city in an "European City...

The purpose of this paper is to examine with econometric methods the impact of foreign trade on the German business cycle. The outcome is that the fluctuations of German GDP can be explained to a considerable amount by the fluctuations of world demand and changes in the terms of trade.

Multi-step-ahead forecasts of forecast uncertainty in practice are often based on the horizon-specific sample means of recent squared forecast errors, where the number of available past forecast errors decreases one-to-one with the forecast horizon. In this paper, the efficiency gains from the...