Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve this theoretical and empirical puzzle by diagnosing a pathological export boomʺ and a bazaar effectʺ. Excessively high wages defended by unions and the welfare state against the...

Die Exporterfolge der MOE-Staaten Polen, Slowakische Republik und Tschechische Republik sowie Ungarn werden zuweilen als Bedrohung für Industriestaaten wie Deutschland gesehen. Diese Ansicht lässt sich aber in mehrfacher Hinsicht relativieren. Zum einen sind auch die Einfuhren dieser Länder...

Im Blickfeld dieser Studie stand die wirtschaftliche Bedeutung der Automobilindustrie in Deutschland im langfristigen internationalen Vergleich: Einerseits ihr Beitrag zu Wertschöpfung, Beschäftigung, Investitionen und Außenhandel, zum anderen ihre Bedeutung für den Forschungs- und...

The article advances the hypothesis that Germany is unable to increase its gains from trade dispite increasing trading volumes. High and rigid German wages largely result from the minimum wage constraint imposed by a welfare state that offers generous replacement incomes. Confronted by low-wage...

Austrian business cycles are strongly dependent on the development of foreign exports. The paper deals with two important issues in this context: What is the impact of foreign exports on total growth in the Austrian economy? A more and more globalized economy implies that the share of foreign...

With the availability of international value added trade data it has become evident that gross export data and value added data do not provide the same information. Although gross exports crosses national borders and is the target of trade policy, value added data tell us what fragment in the...