More than thirty years after Ludwig Erhard suggested a breathing spell for European textile/clothing (T+C) industries to adjust to new market conditions, the Final Act in Marrakech foresees yet another transitional period before liberalization is achieved. During the breathing spell factors...

The paper provides a selective survey of the literature on the Feldstein-Horioka paradox. The observed high correlation between national savings and domestic investment emerges as a robust empirical regularity. If this regularity is to be attributed to low capital mobility (due to government...

This paper is a tentative summary and appraisal of the main theoretical arguments and empirical evidence for/against an industrial policy in support of high-tech industries. The paper reviews arguments based on endogenous growth theory and strategic trade theory and surveys the most relevant...

In diesem Papier beschäftigen wir uns mit den Möglichkeiten einer globalen Umweltpolitik, die eine Minderung der CO2-Emissionen zum Ziel hat. Wir konzentrieren uns hierbei auf die im Rahmen des joint-implementation- Ansatzes in die Diskussion eingebrachten Vorschläge und diskutieren diese am...

Tariffs no longer represent the most serious impediment to international trade. As the importance of tariffs in restricting free trade has been declining, non-tariff barriers are becoming increasingly important. The use of selected non-tariff barriers is analyzed, focusing on anti-dumping...

Some observers regard the Internet as the driving force of the recent economic upswing. So far, each innovation has first been used to substitute for old technologies. Only over time people have started to find new applications for a specific innovation. Only gradually they did take full...