Expecting an appreciation of the Chinese currency seems to be a safe bet. There is a mounting pressure from U.S. representatives, and a majority of economists seem to believe that the Chinese economy is overheating and that the dollar peg should be loosened as soon as possible. Indeed, a nominal...

International investors' enthusiasm with respect to growth prospects in Southeast Asia has been followed by panic. Both the outstanding economic performance of Southeast Asian economies and their ability to master adjustment challenges had led most observers of these economies to the conclusion...

In vielen Ländern existieren neben Außenhandelsbeschränkungen auch noch weitgehende Regulierungen der Finanzmärkte, die ebenfalls einzelne Branchen begünstigen. Um mögliche Kausalzusammenhänge empirisch untersuchen zu können, wird hier ein Maß für die Begünstigung oder Diskriminierung...

We suggest a new way to quantify the growth effects of capital mobility. We find that for reasonable parameter values, capital mobility has a large impact on income growth.

The development of production, prices and employment in the EU electrical industry between the mid-1970s and the mid-1990s is analysed in order to test the hypothesis that the competitive pressure from low-income countries has led to the observed decline of the employment share of low-skilled...

International trade statistics and input-output tables are analyzed in order to test the hypothesis that international production networks have become more relevant. The share of imported inputs in the gross output value of the motor vehicle industry has grown significantly during the last two...

In recent publications it has been argued that the change of the skill structure of industrial employment is caused by biased technical progress rather than by increasing international trade with low wage countries. However, in linking prices for final goods with prices of primary factors, most...