Dynamic Approaches to Global Economic Challenges

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1 Dynamic Approaches to Global Economic Challenges

3 Birgit Bednar-Friedl JRorn Kleinert Editors Dynamic Approaches to Global Economic Challenges Festschrift in Honor of Karl Farmer 123

4 Editors Birgit Bednar-Friedl Department of Economics & Wegener Center for Climate and Global Change University of Graz Graz, Austria JRorn Kleinert Department of Economics University of Graz Graz, Austria ISBN ISBN (ebook) DOI / Library of Congress Control Number: Springer Cham Heidelberg New York Dordrecht London Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (

5 Contents Introduction... 1 Birgit Bednar-Friedl and Jörn Kleinert Part I Real, Monetary and Fiscal Integration in the European Union A Prototype Model of European Integration: The Case of Austria... 9 Fritz Breuss Trade Agreements and Regional Disparities Pasquale Commendatore, Ingrid Kubin, and Iryna Sushko Strategic Macroeconomic Policies in a Monetary Union R. Neck and D. Blueschke Determinants of Maximum Sustainable Government Debt Anna Boisits and Matthias Schelnast The Long Italian Stagnation and the Welfare Effects of Outsourcing Jacopo Zotti Part II Economic Growth, Technological Change, and Climate Policy Status, Wealth Distribution, and Endogenous Economic Growth Jörn Kleinert and Ronald Wendner Technological Change in Information and Communication: Consequences for Science Wolf Rauch Deepening the Scope of the Economic Model : Functionalities, Structures, Mechanisms and Institutions Stefan P. Schleicher v

6 vi Contents Is There a First-Mover Advantage in International Climate Policy? Birgit Bednar-Friedl Environmental Policy in an Open Economy: Refocusing Climate Policy to Address International Trade Spillovers Karl W. Steininger and Thomas Schinko

7 Contributors Birgit Bednar-Friedl Department of Economics, University of Graz, Graz, Austria; Wegener Center for Climate and Global Change, University of Graz, Graz, Austria Dmitri Blueschke Department of Economics, Alpen-Adria-Universität Klagenfurt, Klagenfurt, Austria Anna Boisits Center for Accounting Research, University of Graz, Graz, Austria Fritz Breuss Vienna University of Economics and Business, Institute for International Economics, Vienna, Austria; Austrian Institute of Economic Research, Macroeconomics and European Economic Policy, Arsenal, Vienna, Austria Pasquale Commendatore Department of Law, University of Naples Federico II, Naples, Italy Jörn Kleinert Department of Economics, University of Graz, Graz, Austria Ingrid Kubin Department of Economics, WU Vienna University of Economics and Business, Vienna, Austria Wolf Rauch Department of Information Science and Information Systems, University of Graz, Graz, Austria Matthias Schelnast Department of Economics, University of Graz, Graz, Austria Thomas Schinko Wegener Center for Climate and Global Change, University of Graz, Graz, Austria; International Institute for Applied Systems Analysis (IIASA), Laxenburg, Austria Stefan P. Schleicher Wegener Center for Climate and Global Change, University of Graz, Graz, Austria vii

8 viii Contributors Karl W. Steininger Department of Economics, University of Graz, Graz, Austria; Wegener Center for Climate and Global Change, University of Graz, Graz, Austria Iryna Sushko National Academy of Science of Ukraine, Institute of Mathematics, Kyiv, Ukraine; Kyiw School of Economics, Kyiw, Ukraine Ronald Wendner Department of Economics, University of Graz, Graz, Austria Jacopo Zotti Fondazione Eni Enrico Mattei, Venice, Italy; Department of Political and Social Sciences, University of Trieste, Trieste, Italy

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