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Changes in exchange rates have become a prominent issue in Germany and Japan - due to the enormous appreciation of the Deutschmark and the Yen. Conventional wisdom suggests that economic activity will be negatively affected if a currency is going through a phase of appreciation. The paper...
Persistent link: https://www.econbiz.de/10009276229
German technology policy has undergone a remarkable change during the last years. The first thing to mention is that technology policy in Germany takes a broader view now, focussing not only on knowledge creation (i.e. the invention process per se) but also on knowledge diffusion and faster...
Persistent link: https://www.econbiz.de/10009276217
incubation performance. …
Persistent link: https://www.econbiz.de/10008728024
the capital account becomes more open. The success of monetary stabilization crucially depends on the effectiveness with …
Persistent link: https://www.econbiz.de/10009276411
Since its inception in the early 1980s, the success of China's enterprise reforms remains hotly debated. This paper … introduces a new element into the analysis of state-owned enterprise performance by drawing on the recent increase in … administrative restrictions in the interior and relatively poor economic performance. …
Persistent link: https://www.econbiz.de/10009276735
apparent repercussions for the West as well – and an integration process involving both capital deepening (extensive and … integration which can account for these facts. Adjustment costs determine dynamics and steady state regional distribution of …. Under competitive conditions, observed factor price differentials contain information on those adjustment costs. …
Persistent link: https://www.econbiz.de/10005755134
In contrast to West-Germany, illicit drugs were virtually absent in the East-Germany until 1990. Yet, after the collapse of the former GDR, East-Germany was expected to encounter a sharp increase in the prevalence of substance abuse. By analyzing individual data, we find that East-Germany...
Persistent link: https://www.econbiz.de/10005097469
Analysis in terms of the two-sector open economy shows that in bringing the market economy to East Germany, West Germany seems to have disregarded important fundamentals. Premature formation of a currency union led to a substantial real appreciation of the East German currency. Premature...
Persistent link: https://www.econbiz.de/10005818917
We compare the duration and performance of different monetary regimes, especially the contrast between countries those …
Persistent link: https://www.econbiz.de/10005083368
Feenstra and Ma (2008) develop a monopolistic competition model where firms choose their optimal product scope by balancing the profits from a new variety against the costs of “cannibalizing” sales of existing varieties. While more productive firms always have a higher market share, there is...
Persistent link: https://www.econbiz.de/10010886899