Buchbesprechungen

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Does expatriate production prejudice exports?

Increasingly, German firms are adopting the practice of setting up production units abroad. The public is not altogether in favour of this trend. It is argued that in so doing German industry is creating a stick for its own back and may possibly—in the long term— prejudice its own export opportunities. In an attempt to clarify these complex questions INTERECONOMICS has talked with Dr Tacke, a member of the Board of SIEMENS AG., who has for many years been responsible for SIEMENS’ foreign policy.     

Integrated ecological-economic modelling of water pollution abatement management options in the Upper Ems River Basin

This paper presents the results of the FLUMAGIS project, in which we developed a spatial decision support system (SDSS) to support the implementation of the European Water Framework Directive (WFD). The modelling approach is based on the integration of ecological and socio-economic assessment methods, scale-specific and GIS-based data and knowledge modelling and visualization techniques. The project study area is the intensively cropped Upper Ems River Basin in north-western Germany. A method was developed that enables the transfer of scale-specific data and information. Analyses were performed for baseline conditions and specific management and planning scenarios to improve water quantity and quality at micro-, meso- and macro-scale. The results of the study indicate that substantial, expensive water and land management changes at different scales would be necessary to achieve the WFD water quality targets in this basin. Ecological-economic analysis of cost-effectiveness reveals that the costs of achieving certain goals of the WFD can vary more than tenfold depending on which measure is chosen out of the pool of management alternatives. Moreover, the study shows that the differentiation between landscapes and other regional characteristics although considered essential to the successful implementation of WFD measures is very data intensive.     

The domestic term structure and international interest rate linkages: A cointegration analysis

The Domestic Term Structure and International Interest Rate Linkages. A Cointegration Analysis. -This paper analyzes cointegration relations between domestic interest rates with different maturities and between the US and German interest rates of the same maturity by means of the Johansen procedure and single-equation error correction models. It analyzes also the implied common stochastic trends. The author concludes that in the long run, interest spreads within both countries strongly dominate and linkages between the interest rates of both countries are only important in the short run.     

Marcel Machill an die Universität Leipzig berufen

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Franz Dröge gestorben

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Rezensionen

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The prospects of energy conservation: A different approach to the fuel demand for space heating

Zusammenfassung Die meisten empirischen Untersuchungen über das Ausmaß der jüngsten Energieeinsparungen verwendeten ökonometrische Beziehungen und Elastizitäten. Diese Arbeit jedoch geht von einer technischen Beschreibung des Services thermische Behaglichkeit aus. Basierend auf empirischem Datenmaterial über die Infrastruktur und das Klima der Stadt Wien werden sowohl die Aussichten und das Potential an Energieeinsparungen quantifiziert als auch der Effekt spezifischer Politiken. Für diesen Zweck wurde ein nichtlineares Optimierungsmodell mit disjunktiven Randbedingungen entwickelt und gelöst.

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Research leading to this paper was supported by a grant from the Austria Federal Ministry of Science and Research, and that support is gretefully acknowledged. We wish to thank P. J. Jansen for discussions on this topic and also the referees for their valuable comments on this paper.