Deutschland ist mit seiner starken Spezialisierung auf die Produktion von Investitionsgütern von der weltweiten Rezession besonders betroffen. Das technologieintensive Produktionsprofil seiner Industrie spricht aber dafür, dass Deutschland gestärkt aus der gegenwärtigen Wirtschaftskrise...

Deutschland ist größter Brutto- und Nettoexporteur von forschungsintensiven Waren, noch vor den USA und Japan. Auch pro Kopf weist Deutschland mit rund 3 900 US-Dollar den größten Exportüberschuss bei forschungsintensiven Waren auf. Zudem profitiert Deutschland als Importeur und somit als...

Why is GDP so much more volatile in poor countries than in rich ones? To answer this question, we propose a theory of technological diversification. Production makes use of different input varieties, which are subject to imperfectly correlated shocks. As in endogenous growth models,...

Do high levels of human capital foster economic growth by facilitating technology adoption? If so, countries with more human capital should have adopted more rapidly the skilled-labor augmenting technologies becoming available since the 1970’s. High human capital levels should therefore have...

The rapid transition of China from a closed agricultural society to an industrial powerhouse has been associated with a rapid increase in the share of China in world trade. As the world is taking the full measure of this phenomenon, tensions have been arising ranging from holding China partly...

Due to the emergence of global production networks, trade statistics have became less accurate in describing the dependence of emerging Asia on external demand. This paper analyses, using an update of the Asian International Input-Output (AIO) table, the interdependence of emerging Asian...

There is an ongoing debate in the literature about the quality content of Chinese exports and to what extent China imposes a threat to the market positions of advanced economies. While China’s export structure is very similar to that of the advanced world, its export unit values are well below...

Increasing fragmentation of production across borders is changing the nature of international competition. As a result, conventional indicators of competitiveness based on gross exports become less informative and new measures are needed. In this paper we propose an ex-post accounting framework...