Die vorliegende Arbeit untersucht, wie sich Angebots-, Nachfrage- und geldpolitische Schocks aus den Vereinigten Staaten auf Deutschland übertragen. Dabei wird ein so genanntes Factor-Augmented Vector Autoregressive Model (FAVAR) auf einen neu zusammengestellten Datensatz mit mehr als 200...

In this paper we analyse productivity spillovers from foreign direct investment using firm-level panel data for U.K. manufacturing industries from 1992 to 1999. We investigate spillovers through horizontal, backward, and forward linkages; distinguish spillovers from export-oriented vs...

Das Papier untersucht die Rolle von IWF, Weltbank und WTO und ihre Arbeitsteilung. Ich diskutiere die Gründe für ihre Existenz und ihre ursprünglichen Aufgaben und frage, inwieweit es ihnen gelungen ist, sich den veränderten Bedingungen und ihren neuen Aufgaben anzupassen....

This paper analyzes environmental expenditures in Indonesia – a significant newly industrializing economy – reported at the plant level comprising all 23 thousand manufacturing establishments with more than 20 employees. Since compliance is barely enforced, pollution abatement expenditures...

It is widely recognised that public-sector purchasers tend to discriminate in favour of domestic suppliers. We study the consequences of home-biased public procurement on international specialisation. In the theoretical analysis we find two effects. First, a country will specialise in the sector...

This paper develops a model of small open economy, with a differentiated goods sector and voluntary provisioning of public good. It is shown that trade policy can alter the quantity of public good provided in the equilibrium. Interestingly, tariffs may fail to protect, leading to a Metzler...

Polluting industries are characterized by different levels of abatement expenditure. In countries such as the US with relatively strict environmental standards, theoretical models and intuition predict that industries that are forced to undertake greater abatement expenditure would have lower...

This note uses comparable representative data for manufacturing firms from five European countries (Germany, France, Italy, Spain, and the United Kingdom) to investigate the links between firm age and the participation of the firms in export, the share of exports in total sales, the number of...

This article intends to present the up-to-date situation of EU and China in the innovation activity and the complementarities and cooperation between them. We analyze also, the evolution in one of the most suggestive results of the innovation, i.e. the international trade with medium and...

The paper analyzes the labor market effects of globalization when foreign market entry is costly and risky. With flexible labor markets, a fall in foreign market entry cost tends to generate more income inequality. By contrast, when workers cannot easily switch industries and wages are...