Das Konzept der internationalen Wettbewerbsfähigkeit einer Volkswirtschaft ist seit den siebziger Jahren in der Öffentlichkeit und auch in der wirtschaftswissenschaftlichen Forschung in den Vordergrund getreten. Die Gründe für dieses zunehmende Interesse insbesondere in der Bundesrepublik...

Capital flight has characterized the transformation process in Russia. Inflows of foreign direct investment have been minor and have been preceeded by inflows of portfolio capital. The paper shows that uncertainty about macroeconomic stabilization exhibits a strong negative effect on the volume...

These is an ongoing debate with regard to the Timing and Sequencing of Liberalization in LDC's. The Capital Account or Trade Account First'-Puzzle is tackled with different methodological tools of analysis, ranging from the Political Economy Approach put forward by D. Lai (1987) to the orthodox...

In diesem Papier werden privatwirtschaftliche Koordinierungsstrukturen in der Stromwirtschaft auf ihre Effizienzeigenschaften untersucht. Zu diesem Zweck werden zunächst die technischen Besonderheiten der Stromwirtschaft analysiert und hierbei insbesondere die vertikalen und horizontalen...

The appropriate way of quantifying how taxation of a firm's income and capital can distort its optimizing conditions is a recurring issue in the literature on optimal taxation. Exponential decay, although empirically contested, is almost ubiquitous. In the present paper a generalized framework...

Dynamic modeling of demand for goods whose cumulated stocks enter an intertemporal utility function as latent variables, is discussed. The issues include: how represent addiction, how handle unobserved expectations and changing plans, how deal with 'dynamic inconsistency'? Arguments are put...