Mehr Integration durch die „Methode der offenen Koordinierung“? – Das Beispiel der Beschäftigungspolitischen Leitlinien im Rahmen der Lissabon-Strategie

in Ohr, Renate (Ed.) Arbeitsmarkt und Beschäftigung, Schriften des Vereins für Socialpolitik (2007)

Factor substitution and factor-augmenting technical progress in the United States: A normalized supply-side system approach

in REVIEW OF ECONOMICS AND STATISTICS (2007), 89(1), 183-192

Using a normalized CES function with factor-augmenting technical progress, we estimate a supply-side system of the U.S. economy from 1953 to 1998. Avoiding potential estimation biases that may have ... [more ▼]

Using a normalized CES function with factor-augmenting technical progress, we estimate a supply-side system of the U.S. economy from 1953 to 1998. Avoiding potential estimation biases that may have occurred in earlier studies and putting a high emphasis on data consistency, we obtain robust results not only for the aggregate elasticity of substitution but also for the parameters of labor and capital augmenting technical change. We find that the elasticity of substitution is significantly below unity and that technical progress shows an asymmetrical pattern where the growth of laboraugmenting technical progress is exponential, while that of capital is hyperbolic or logarithmic. [less ▲]

Wirtschaftliche Integration

in Ambrosius, G.; Plumpe, W. (Eds.) Moderne Wirtschaftsgeschichte – Eine Einführung für Historiker und Ökonomen (2006)

Pro-Poor Growth in Vietnam: Miracle or Model?

in Besley, T.; Cord, L. (Eds.) Delivering on the Promise of Pro-Poor Growth (2006)

Factor substitution, average firm size and economic growth

in Small Business Economics (2006), 26(3), 203-214

This paper extends the Lucas (1978, The Bell Journal of Economics 9(2), 508-523) analysis of firm size by taking into account a normalised aggregate CES production function. In a general equilibrium ... [more ▼]

This paper extends the Lucas (1978, The Bell Journal of Economics 9(2), 508-523) analysis of firm size by taking into account a normalised aggregate CES production function. In a general equilibrium framework it is proved that there is an inverse relation between the elasticity of substitution and average firm size. If interpreted together with the fact that richer countries are characterised by a higher elasticity of substitution, this result can explain why the recent literature finds a positive association between the importance of SMEs in an economy and its stage of development, but seems to fail in finding causality between the two. Both have a common origin: a high value of the elasticity of substitution. This paper also provides a first empirical test of the theory proposed using cross-country data from both developed and developing countries. © Springer 2006. [less ▲]

Modernization and Social Transformation in Vietnam. Social capital formation and institution building

Book published by IFA, Institut für Asienkunde (2005)

Der Beitrag der Freiburger Kreise zum Konzept der Sozialen Marktwirtschaft

in Goldschmidt, Nils (Ed.) Wirtschaft, Politik und Freiheit. Freiburger Wirtschaftswissenschaftler und der Widerstand (2005)

Chasing a better pro-poor growth strategy for Vietnam: A provincial convergence approach

in Krakowski, Michael (Ed.) Attacking poverty: What makes growth pro-poor?, HWWA Studies (2004)

Perspektiven einer kulturellen Ökonomik

Book published by Lucius & Lucius Verlagsgesellschaft mbH (2004)

The Kingdom of Ponthiamas - a physiocratic model state in Indochina: A note on the international exchange of economic thought and of concepts for economic reforms in the 18th century

in Political Events and Economic Ideas (2004)

[No abstract available]