Eastern Germany's recovery from the unification shock has been characterized by deep structural change - with apparent repercussions for the West as well - and an integration process involving both capital deepening (extensive and intensive investment) and labor thinning (net out-migration). I...

After 20 years of transition from an economy integrated in an exchange scheme of planned economies towards an open market economy based on the ideas of competition, we ask whether East German firms succeeded in finding their place in the international division of labour. We concentrate on the...

Microfoundations of the euro's effect on euro area trade hinge on the timing, the speed and the size of adjustment in trade costs. We estimate timing, speed and size of adjustment in trade costs for sectoral trade data. Our approach allows for sector specific impacts of trade costs on sectoral...

In den neuen Bundesländern hat das wirtschaftliche Wachstum merklich an Schwung verloren. Die konjunkturelle Stockung in weiten Teilen Westeuropas hinterläßt hier tiefe Spuren. Die Zahl der Unternehmen, die sich in existentiellen Schwierigkeiten befindet, nimmt in letzter Zeit...