International Growth and Business Cycle Theory

Globalization and technological change is the driving force of growth and competitiveness, both at the firm and country level. During the last three decades, the global growth process has led to the appearance of new huge economies like China and India, as well as a number of smaller emerging economies on the economic map. A large share of the world’s industrial production has shifted from Europe and North America to these newly emerging countries. This shift in competitive advantages has changed real live and working conditions. Employers and employees in each firm have to adjust to these changing global conditions.

An understanding of monetary and financial aspects of globalization is of equal importance. Global financial and stock markets are closely linked. In the last decade alone, major currency and financial crises have affected industrializing countries from East Asia to Latin America damaging economic growth.

Research on the dynamics of global growth and competition as well as the global integration of financial markets is the core focus of this research unit.






The Center for International Economics (CIE) covers a wide range of issues in economics and international economics, both at the macro and micro level. These issues include fields like global growth and development, health economics, competition theory and policy, multinational firms, mechanism design and game theory, education and human capital, and econometrics. Research activities cover both, theory and empirical studies.


University of Paderborn
Faculty of Business Administration and Economics
International Growth and Business Cycle Theory
Warburger Straße 100
33098 Paderborn


Telefon: +49 5251 60-2114
Fax: +49 5251 60-3540
E-Mail: heike.degler[at]

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