Dynamic Approaches to Global Economic Challenges: Festschrift in Honor of Karl Farmer PDF
Preview Dynamic Approaches to Global Economic Challenges: Festschrift in Honor of Karl Farmer
Birgit Bednar-Friedl · Jörn Kleinert Editors Dynamic Approaches to Global Economic Challenges Festschrift in Honor of Karl Farmer Dynamic Approaches to Global Economic Challenges Birgit Bednar-Friedl • JoRrn Kleinert Editors Dynamic Approaches to Global Economic Challenges Festschrift in Honor of Karl Farmer 123 Editors BirgitBednar-Friedl JoRrnKleinert DepartmentofEconomics&Wegener DepartmentofEconomics CenterforClimateandGlobalChange UniversityofGraz UniversityofGraz Graz,Austria Graz,Austria ISBN978-3-319-23323-9 ISBN978-3-319-23324-6 (eBook) DOI10.1007/978-3-319-23324-6 LibraryofCongressControlNumber:2015951447 SpringerChamHeidelbergNewYorkDordrechtLondon ©SpringerInternationalPublishingSwitzerland2016 Thisworkissubjecttocopyright.AllrightsarereservedbythePublisher,whetherthewholeorpartof thematerialisconcerned,specificallytherightsoftranslation,reprinting,reuseofillustrations,recitation, broadcasting,reproductiononmicrofilmsorinanyotherphysicalway,andtransmissionorinformation storageandretrieval,electronicadaptation,computersoftware,orbysimilarordissimilarmethodology nowknownorhereafterdeveloped. Theuseofgeneraldescriptivenames,registerednames,trademarks,servicemarks,etc.inthispublication doesnotimply,evenintheabsenceofaspecificstatement,thatsuchnamesareexemptfromtherelevant protectivelawsandregulationsandthereforefreeforgeneraluse. Thepublisher,theauthorsandtheeditorsaresafetoassumethattheadviceandinformationinthisbook arebelievedtobetrueandaccurateatthedateofpublication.Neitherthepublishernortheauthorsor theeditorsgiveawarranty,expressorimplied,withrespecttothematerialcontainedhereinorforany errorsoromissionsthatmayhavebeenmade. Printedonacid-freepaper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com) Contents Introduction ...................................................................... 1 BirgitBednar-FriedlandJörnKleinert PartI Real,MonetaryandFiscalIntegrationintheEuropean Union APrototypeModelofEuropeanIntegration:TheCaseofAustria ........ 9 FritzBreuss TradeAgreementsandRegionalDisparities.................................. 31 PasqualeCommendatore,IngridKubin,andIrynaSushko StrategicMacroeconomicPoliciesinaMonetaryUnion .................... 53 R.NeckandD.Blueschke DeterminantsofMaximumSustainableGovernmentDebt................. 75 AnnaBoisitsandMatthiasSchelnast TheLongItalianStagnationandtheWelfareEffectsofOutsourcing ..... 93 JacopoZotti PartII Economic Growth, Technological Change, and ClimatePolicy Status,WealthDistribution,andEndogenousEconomicGrowth.......... 117 JörnKleinertandRonaldWendner TechnologicalChangeinInformationandCommunication: ConsequencesforScience ....................................................... 131 WolfRauch DeepeningtheScopeofthe“EconomicModel”:Functionalities, Structures,MechanismsandInstitutions...................................... 141 StefanP.Schleicher v vi Contents IsThereaFirst-MoverAdvantageinInternationalClimatePolicy? ...... 155 BirgitBednar-Friedl EnvironmentalPolicy in an Open Economy: Refocusing ClimatePolicytoAddressInternationalTradeSpillovers................... 171 KarlW.SteiningerandThomasSchinko Contributors Birgit Bednar-Friedl Department of Economics, University of Graz, Graz, Austria; WegenerCenterforClimateandGlobalChange,UniversityofGraz,Graz,Austria Dmitri Blueschke Department of Economics, Alpen-Adria-Universität Klagen- furt,Klagenfurt,Austria AnnaBoisits CenterforAccountingResearch,UniversityofGraz,Graz,Austria FritzBreuss ViennaUniversityofEconomicsandBusiness,InstituteforInterna- tionalEconomics,Vienna,Austria; AustrianInstituteofEconomicResearch,MacroeconomicsandEuropeanEconomic Policy,Arsenal,Vienna,Austria Pasquale Commendatore Departmentof Law, Universityof Naples Federico II, Naples,Italy JörnKleinert DepartmentofEconomics,UniversityofGraz,Graz,Austria Ingrid Kubin Department of Economics, WU Vienna University of Economics andBusiness,Vienna,Austria Wolf Rauch Department of Information Science and Information Systems, Uni- versityofGraz,Graz,Austria MatthiasSchelnast DepartmentofEconomics,UniversityofGraz,Graz,Austria Thomas Schinko Wegener Center for Climate and GlobalChange,Universityof Graz,Graz,Austria; InternationalInstituteforAppliedSystemsAnalysis(IIASA),Laxenburg,Austria StefanP.Schleicher WegenerCenterforClimateandGlobalChange,University ofGraz,Graz,Austria vii viii Contributors KarlW.Steininger DepartmentofEconomics,UniversityofGraz,Graz,Austria; WegenerCenterforClimateandGlobalChange,UniversityofGraz,Graz,Austria IrynaSushko NationalAcademyofScienceofUkraine,InstituteofMathematics, Kyiv,Ukraine; KyiwSchoolofEconomics,Kyiw,Ukraine RonaldWendner DepartmentofEconomics,UniversityofGraz,Graz,Austria JacopoZotti FondazioneEniEnricoMattei,Venice,Italy; DepartmentofPoliticalandSocialSciences,UniversityofTrieste,Trieste,Italy Introduction BirgitBednar-FriedlandJörnKleinert ThetenarticlesinthebooktobepresentedtoKarlFarmer’s65thbirthdaycovera widerangeoftopicsinthreeareasofeconomicresearch:internationaleconomics, structuralchange,andenvironmentalandresourceeconomics.Inthesefields,Karl madehisfootprintsparticularlyinthecityofGraz,provinceofStyria,Austriawhere hehasworkedfor35years,butalsobeyondStyria’scapital.KarlFarmer,thetrained mathematicianandeconomist,hasshapedgenerationsofstudentsintheirapproach towards economic theory which demands exactness and precision in theoretical arguments.HissuccessasateacherisevidentinthisFestschriftbycontributionsof a selectionofhisformerstudentsofwhichsomebecomecolleagueslater. Hewas notonlyextremelyinfluentialforgenerationsofeconomicsandbusinessstudentsat theUniversityofGraz,buthehasservedasavisitingprofessorattheUniversityof NaturalResourcesandLifeSciences,Vienna,Austria,andattheUniversityofCluj, Romania, for many years. His dedication to teaching is also demonstrated in his textbooksoninternationalmacroeconomicsandonresourceeconomics(Farmerand Bednar-Friedl, 2010;Farmer and Schelnast, 2013;Farmer and Vlk, 2011;Farmer andWendner,1999). Karl is at home in general equilibrium theory, particularly in intertemporal applications.Hehasusedthistoolinmanystudiesontopicsinoneofthethreefields inthevolume.Inrecentyears,hehasbeenparticularlyconcernedwithdebtlimits inopeneconomies.ThecrisisattheEuropeanperipherymotivatedandaffectedhis researchin manyrespects. We are thereforesurethatthe first partin the booknot onlymeetshisresearchinterestbutalsorefreshesandintensifiesdiscussionsonthe Europeanintegrationprocess.Hecontinuouslywasalsointerestedinunderstanding the process of technological change and growth. Building on his earlier work in resourceeconomicsandsustainability,duringrecentyearsKarl’sworkincreasingly B.Bednar-Friedl(cid:129)J.Kleinert((cid:2)) DepartmentofEconomics,UniversityofGraz,Universitätsstraße15,8010Graz,Austria e-mail:[email protected];[email protected] ©SpringerInternationalPublishingSwitzerland2016 1 B.Bednar-Friedl,J.Kleinert(eds.),DynamicApproachestoGlobalEconomic Challenges,DOI10.1007/978-3-319-23324-6_1
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