The current discussion in German policy circles suggests a strong scepticism towards foreign takeovers of German firms. This essay takes issue with this. It is firstly argued that Germany in actual fact receives relatively little inward investment....

KBW 6: This study analyzes to what extent the rising share of foreign value added in exports and various factors of non-price competitiveness are related to exports and current account balances in the European Union and other large exporting...

We qualitatively match new economic geography (NEG) to stylized facts on German economic integration after 1989. We find that NEG may explain German integration reasonably well. Germany may currently be close to the peak of the bell curve, which...

We contribute to the literature on the heterogeneity of multinational enterprises (MNEs) and the relevance of firm and industry characteristics for analyzing the determinants of outward foreign direct investment (FDI). The focus is on the role of...

This paper studies how the local environment in receiving counties affected the economic, social, and political integration of the eight million expellees who arrived in West Germany after World War II. We first document that integration outcomes...

Kiel Policy Brief No. 28. Cutting government subsidies could contribute substantially to consolidating the budget in Germany.