This Paper takes a closer look at the liberalization dynamics in telecommunications in EU. More over, we focus on selected issues of regulating telecommunications in convergent markets. Of particularly interest is the political and institutional division of labour between national regulators and...

From an economic perspective efficiency and innovation are crucial aspects of functional competition in telecommunications where one has to take into account sector specific problems. Besides those specific aspects we consider the topic of significant market power and its evolution. As a special...

Mit den EU-Osterweiterungen vom 1. Mai 2004 und vom 1. Januar 2007 hat die Europäische Union sich enorm vergrößert; zugleich ist mit der Aufnahme Sloweniens ein erstes osteuropäisches Beitrittsland Mitglied der Eurozone geworden. Da Finanzmärkte für die Allokation der Ersparnisse und die...

This paper analyzes the impact of the real exchange rate on trade, structural change and growth. We point out a new approach to monetary growth policy in an open economy with trade and foreign direct investment. Moreover, the analysis presents a paradox effect with respect to the link between...

EU Eastern enlargement has brought trade creation, growth and shifts in trading patterns in the context of opening up, structural change, foreign direct investment and rising domestic investment. We focus on outsourcing and changes in relative prices, RCAs, and export unit values in new EU...

We prove that profit maximization behavior and the neoclassical growth model can be consistent. Moreover, we present a new medium term Keynes-Solow macro model. The short-term Keynesian macroeconomic model shows that a rise in the savings rate will reduce output, while higher savings imply for...

Regional economic integration has made considerable progress in the world economy which raises new challenges with respect to institutional change and for national and international economic policy. We consider the options of integration policy and major shifts in regional gravity centers and...

Telecommunications is a key element of the ICT sector which has been shaped by strong innovation dynamics since the 1990s. Market dynamics in OECD telecommunications markets are analyzed. We present new ideas about efficient regulation, emphasizing the need to adopt a broader international...

The price dynamics of oil and other non-renewables is a complex field of theoretical and empirical analysis. The Analysis takes the Hotelling rule as an analytical point of departure - basically relevant for the supply-side dynamics - and also considers resources demand, which is assumed to...

We present new theoretical approaches to exchange rate determination and stock market price dynamics as well as first empirical results for selected transition countries. The exchange rate is considered as reflecting both the interest parity - with a specific formulation for exchange rate...