The paper analyzes the effects of a source-based capital income tax on production and market structures, trade and capital flows as well as national and global welfare. The analysis is carried by means of a general equilibrium model of trade which incorporates international capital flows as well...

The paper analyzes the effects of increasing capital market integration on production and market structures, trade and capital flows as well as national and global welfare. In order to facilitate the analysis of the integration process, three stages of capital market integration are defined....

Trade, foreign direct investment and the existence of multinational enterprises are often analyzed in separate model, which are frequently based on mutually exclusive assumptions. The paper integrates several features of international economic exchange into one general equilibrium model. This...

The long road from capitalism to capitalism the Eastern European economies have made has been paved with many economic problems, but the transition from a command economy into a market economy is likely to become a bumpy ride as well. Apart from the major real economic reforms that have to take...

Die beteiligten Institute legen hiermit ihren dritten Bericht über die Wirtschaft Rußlands vor. Der Bericht ist in zwei Teile gegliedert. Im ersten Teil wird der aktuelle Stand der Wirtschaftsentwicklung und der Reformpolitik dargestellt. Seit der Fertigstellung des zweiten Berichts hat sich...

Der Transformationsprozeß in Weißrußland gestaltet sich durch die starke Abhängigkeit vom Handel mit Rußland und die Folgekosten der Katastrophe von Tschernobyl besonders schwierig. Die weißrussische Regierung versucht, dieser besonderen Herausforderung durch eine Doppelstrategie zu...