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...

The US banking crisis and the transatlantic banking crisis, respectively, have caused a global recession and thus raised the debt-GDP ratio in many OECD countries and worldwide. In the analysis presented at first some critical points about financial market innovations and inconsistencies in the...

Broad ranges of studies have discussed the difference in performance between men and women in relation to their economics education. The German perspective with its particular tertiary education system and decade long history of gender equality movements, however, remain under researched. By...

From a microeconomic perspective competition between firms has been duely discussed. Extending microeconomic concepts to a macroeconomic level and considering competition between countries becomes more complex. The complexity issues is tackled in this study by extending a methodology developed...