Soziale Marktwirtschaft bezeichnet für die Geschichte der Bundesrepublik keine reale, sondern eine diskursive Ordnung. In der Corona-Pandemie folgte die Politik bislang einer hyperkeynesianischen Prämisse: Der Staat sieht sich in der Verantwortung, die ökonomische Krise bis zur Unspürbarkeit...

Summary In this paper a neoclassical growth model is used to analyze public debt in a growing economy with two levels of government. The main focus is on the existence and the stability of long run equilibria in a growing federal state. It is shown that the equilibrium in a federation with two...

Summary In this paper we add new results to the investigation of productivity levels rather than productivity changes, as proposed by Hall/Jones (1996, 1997, 1999). To obtain measures of relative productivity levels we depart from traditional growth accounting and calculate the Malmquist index...