The European automotive industry is the second largest manufacturer of motor vehicles worldwide (after China) and generates directly and indirectly millions of jobs EU-wide. It is characterized by a high degree of export orientation and the largest share of exports can be ascribed to the US...

Most dynamic trade models assume steady state or balanced growth. This paper argues while this can be done in a single region model or a model without trade, the steady state assumption is problematic in a multi-regional setting with trade interactions. This paper shows the consequences of...

Water affects the economy of a country in many respects. Rivers and streams are used for transportation, acid rain leads to forest damages and health problems caused by water pollution not only reduce the quality of life but also entail economic costs (just to mention a few examples). Mainly...

In Deutschland sind die Konjunkturaussichten weiter recht günstig. Stimmungsindikatoren deuten zwar auf ein etwas schwächeres Jahresende hin, die Binnenkonjunktur ist aber weiter aufwärtsgerichtet. Das deutsche Bruttoinlandsprodukt dürfte im Jahr 2016 insgesamt um 1,9% zulegen. Für das Jahr...