This paper analyzes the role of Thin-Capitalization rules for capital structure choice and investment decisions of multinationals. A theoretical analysis shows that the imposition of such rules tends to affect not only the leverage and the level of investment but also their tax-sensitivity. An...

The current debate on tax planning has to distinguish between tax evasion and aggressive tax planning. While tax evasion is illegal and requires the enhanced exchange of information, measures against aggressive tax planning seem to be very complex and complicated. Tax havens' benefits from tax...

"The Wage Curve is estimated using average wage data for 327 West German districts for the years 1987-1993. Detailed information on the sectoral composition of employment is used tocontrol for the sectoral wage structure. The influence of the choice of the spatial units is reduced by taking into...

Am Beispiel der Wirtschaftswissenschaften wird empirisch untersucht, inwieweit die Qualität der Fachbereiche bei der Studienortwahl berücksichtigt wird. Im Rahmen eines Gravitationsansatzes zeigt sich, dass vor allem die Nähe zum Heimatort und das Mietniveau am Ort der Hochschule die...

This paper discusses whether the dominant position of the Old Laender's economy in the unified Germany hampers the reemergence of industrial production in the New Laender. For that purpose productivity differences are explained by specialization advantages of industrial agglomerations, which are...

Local productivity externalities play an important role in the recent literature on economic geography and regional growth. But apart from case studies there is only weak empirical evidence. Using a simple theoretic framework the paper derives two empirical implications of those externalities...

Verschiedene Verbindungen zwischen lokalen Kapitaleinheiten können Komplementaritäten in den Standortentscheidungen begründen: Skalenerträge und Spillovereffekte, Input- Output-Beziehungen bei Transportkosten und EinkommenskreislaufefTekte. In einem stilisierten Modell wird ihr simultaner...

In this paper, the impact of two instruments of active labor market policy (ALMP), namely continuous training programs and job creation schemes, on structural unemployment in West Germany for the period 1986 to 1993 is estimated using data for 74 planning regions. Based on a disequilibrium...

The peculiarities of the German system of labor relations suggest, that the efficiency wage hypothesis stating an inverse relation between local wages and local unemployment should be related to sectoral wage bargaining on the national level. For that purpose a theoretical model is presented...