The European Union (EU) provides grants to disadvantaged regions of member states from two pools, the Structural Funds and the Cohesion Fund. The main goal of the associated transfers is to facilitate convergence of poor regions (in terms of per-capita income) to the EU average. We use data at...

Researchers often estimate average treatment effects of programs without investigating heterogeneity across units. Yet, individuals, firms, regions, or countries vary in their ability to utilize transfers. We analyze Objective 1 transfers of the EU to regions below a certain income level by way...

The European Union (EU) provides grants to disadvantaged regions of member states to allow them to catch up with the EU average. Under the Objective 1 scheme, NUTS2 regions with a per capita GDP level below 75% of the EU average qualify for structural funds transfers from the central EU budget....

I show in this paper that incomplete contracts affect a firm's decision about serving foreign customers through exports or local sales from an affiliated plant. When contracts between two agents within a firm are too costly to write, the share of multinational firms may be higher or lower...

Auch Tobias Seidel, CES, folgt dieser Argumentationslinie im Rahmen der klassischen Handelstheorie und eines Zwei-Güter-Zwei-Länder-Ansatzes - allerdings unter der Annahme rigider Löhne - und kommt zu dem Ergebnis, dass die Verteidigung des hohen Lohnniveaus gegen die Marktkräfte zwar zu...

Deutschland steckt in einer Umbruchphase. Der Trend zu Produktionsverlagerungen hat in den letzten Jahren in steigendem Maße auch mittelständische Unternehmen erfasst. Während die großen Konzerne auf Grund ihrer Ressourcen weltweit aktiv sein können, nutzen kleinere Firmen die...