For the past twenty years, Asia has been regarded as aneconomic success story. The recent economic turmoil in theregion, however, has prompted a reevaluation of the longtermsustainability of the dynamic economic performance.Undoubtedly, lessons will be drawn from the Asian experience—lessons...

We study theoretically how the adjustment to liberalization of international…nancial transaction depends upon the degree of domestic …nancial development.Using a model with domestic and international borrowing constraints, we showthat, when the domestic …nancial system is underdeveloped,...

Since the mid-1990s, the German Federal Government has been trying to implement the liber-alization of waste management, against the resistance of municipalities. But instead of creating a new fitting regulative environment for the sector, the strong position of the municipal waste management...

Kundenschutzregelungen für den deutschen Postmarkt finden sich gegenwärtig vorallem in der Postdienstleistungsverordnung (PDLV) von 2001. Im ehemals monopolistischenBriefmarkt war die angemessene Berücksichtigung von Kundeninteressen nichtdurch den Wettbewerb gesichert; die Aufgabe des...

An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries.This is in contrast with neoclassical theory, according to which trade should increase therelative return of the...

Mit der Deregulierung der Energiemärkte und den daraus resultierenden Durchleitungsmöglichkeiten für Strom ergeben sich für EVU eine Vielzahl von möglichen Handelsbeziehungen für Stromeinkauf und -absatz. Bereits vor der Deregulierung der Strommärkte wurde Strom zwischen den EVU gehandelt ...

Industrial delicensing which began in 1985 in India marked a discrete break from apast of centrally planned industrial development. Similar liberalization episodes are takingplace across the globe. We develop a simple Schumpeterian growth model to understand how…rms respond to the entry threat...

Die Weltlandwirtschaft ist durch vielfältige staatliche Markteingriffe geprägt. In reichen Ländern sind die Erzeugerpreise meist über dem Weltmarktniveau gehalten worden, während die Regierungen der armen Länder dazu tendieren, die Nahrungsgüterpreise unterhalb des Marktpreises...

We use plant output and input prices to decompose the profit margin into four parts:productivity, demand shocks, mark-ups and input costs. We find that each of these marketfundamentals are important in explaining plant exit. We then use variation across sectors intariff changes after the...

The financial crisis has re-ignited the fierce debate about the merits of financial globalizationand its implications for growth, especially for developing countries. The empirical literaturehas not been able to conclusively establish the presumed growth benefits of financialintegration. Indeed,...