This paper deals with fluctuations over time in the extent of the state-owned firm sector nationalization-privatization cycles (NPCs). Anecdotal observations of NPCs are supported threefold by systematic empirical evidence: first, for different regions and economic systems, second, for different...

Urban concentration differs across countries. One determinant of these differences is economic development, which first increases and subsequently decreases urban concentration. I condition the degree of urban concentration on the potential of countries to develop a balanced urban system. These...

This paper investigates the economic implications of a comprehensive approach to greenhouse policies that strives to stabilise the atmospheric concentration of greenhouse gases at an ecologicaliy determined threshold level. In a theoretical optimisation model conditions for an efficient...

More than thirty years after Ludwig Erhard suggested a breathing spell for European textile/clothing (T+C) industries to adjust to new market conditions, the Final Act in Marrakech foresees yet another transitional period before liberalization is achieved. During the breathing spell factors...

The paper provides a selective survey of the literature on the Feldstein-Horioka paradox. The observed high correlation between national savings and domestic investment emerges as a robust empirical regularity. If this regularity is to be attributed to low capital mobility (due to government...

This paper is a tentative summary and appraisal of the main theoretical arguments and empirical evidence for/against an industrial policy in support of high-tech industries. The paper reviews arguments based on endogenous growth theory and strategic trade theory and surveys the most relevant...

In diesem Papier beschäftigen wir uns mit den Möglichkeiten einer globalen Umweltpolitik, die eine Minderung der CO2-Emissionen zum Ziel hat. Wir konzentrieren uns hierbei auf die im Rahmen des joint-implementation- Ansatzes in die Diskussion eingebrachten Vorschläge und diskutieren diese am...