This paper analyses the impact of trade liberalization in a model where heterogeneous firms can freely offshore their production. Firms choose whether to produce, and if so whether to sell on the domestic market only or on the export market as well. Simultaneously, they also choose where to...

Germany's economic profile gives reason to believe that the country will emerge strengthened from the current economic crisis. Germany boasts the world's highest share of value-added output attributable to (R&D) intensive goods and knowledge intensive services. At the same time, Germany...

Deutschland hat sein Produktionsportfolio in der Periode von 1995 bis 2005 zugunsten forschungsintensiver Güter und wissensintensiver Dienstleistungen verbessert. Nicht zuletzt wegen dieser Spezialisierung sind deutsche Unternehmen auf den internationalen Märkten äußerst erfolgreich. Will...

Das Produktionsprofil seiner Wirtschaft spricht dafür, dass Deutschland gestärkt aus der gegenwärtigen Wirtschaftskrise hervorgehen wird. In keinem anderen Industrieland ist der Anteil der Wertschöpfung, der auf die Produktion forschungsintensiver Güter und wissensintensiver...

The strong reliance of the German economy on the industry sector has been a point of criticism for years now. Germany is too strongly focused on export, making it susceptible to crises and fluctuations in demand and exchange rates, the critics allege. A non-critical look at the numbers during...

No large industrialized nation is as strongly specialized in the production of R&D-intensive goods as Germany. In the crisis year 2009 these export-oriented industries had to pass a crucial test. The slump in sales endangered both specialized jobs and the financing of high R&D expenditures, and...

The paper investigates the influences of financial development on patterns of industrial specialization across China's regions. We find that industrial sectors reliant on access to external finance are found to concentrate in regions with developed financial markets. Both foreign direct...

Urban economists hypothesize that industrial diversity matters for urban growth and development, but metrics for empirically testing this relationship are limited to simple concentration metrics (e.g. location quotient) or summary diversity indices (e.g. Gini, Herfindahl). As shown by recent...