During the two decades after the Second World War, international tradeexpanded at its most rapid pace of the twentieth century. Between 1948 and1968, the total volume of merchandise exports from non-communist countriesgrew by a remarkable 290 percent. 2 And the growth of world trade during...

Although industrial production and growth in Greece during the interwar periodhas attracted considerable attention, there has not been any serious challengeeither in qualitative or quantitative terms to the orthodoxy established in theperiod itself. The literature usually sees the 1920s as a...

The period of 1840 (when the Opium War broken out) till now is commonly regarded as China’s modern era, ‘modern’ in terms of China’s departure from its original growth and developmental path. In this context, the term modern has been intimately associated with something alien to the...

The North European Pipeline mostly known as Nord Stream is one of the most discussed natural gas pipeline projects today. The realization of this project will make it possible to meet the increasing demand for gas in Europe, to raise the security of export supplies of Russian gas, and to reduce...

Gegenstand des hier erörterten Arbeitsmarkteffektes sind geplante Investitionen der Deutschen Bahn AG in neues Zugmaterial. Konkret geht es um den Kauf von bis zu 300 Zügen mit der Projektbezeich-nung ICx bei der Firma Siemens, die ab 2016 (und bis 2030) die Generation der ICE-, IC- und...

...Um produktionswirtschafliche und ablauforganisatorischen Interdependenzen und darüber hinaus auch deren finanzwirtschaftlichen Bezüge noch intensiver erfassen zu können, wird hier auf der Basis des netzplangestützten Projektansatzes eine dynamische Produktionsfunktion konzipiert, die die...

In a successive Cournot oligopoly, we show the welfare effects of entry inthe final goods market with no scale economies but with cost difference between thefirms. If the input market is very concentrated, entry in the final goods market alwaysincreases welfare. If the input market is moderately...

This paper explores the relationship between the denomination ofpublic debt and the choice of exchange rate regime. Unlike indexeddomestic debt, foreign debt is subject to valuation e¤ects from realexchange rate shocks. In a standard set-up, where a peg functions onlyas a nominal anchor, more...

We consider strategic government policies on the exports of final goods andon the input production when the inputs are non-tradable and produced by the foreignfirms. If the policies consist of only per-unit tax/subsidies either on the final goods oron the inputs, it is optimal for the...