Paul J. J. Welfens is professor and chair of the Institute of Macroeconomic Theory and Politics at the University of Wuppertal, Germany. He is also President of European Institute for International Economic Relations (EIIW), Jean Monnet Chair in European Economic Integration at the University of Potsdam, and Fellow of the American Institute for Contemporary German Studies (AICGS) at Johns Hopkins University.

His recent research projects deal with European Monetary Union, EU regional policies in Germany, innovation and employment, and employment and wage structures.

He joined IZA as a Research Fellow in October 2003.

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Publications

IZA Discussion Paper No. 10946

The international economic debate on the Transatlantic Trade and Investment Partnership (TTIP) has focused mainly on trade induced real income gains while the FDI related and innovation induced benefits have been largely neglected, although the EU and the US are leading FDI host countries and FDI source countries. Moreover, from...

IZA Discussion Paper No. 10684

The environmental concern of people in industrialized and developing countries is analysed. Using the 2010-2014 wave of the World Value Survey (WVS), the main purpose of our analysis is to investigate the effect of different information sources on the affective, conative and behavioural components of the environmental concern of people...

IZA Discussion Paper No. 9724

The macroeconomic production function is a traditional key element of modern macroeconomics, as is the more recent knowledge production function which explains knowledge/patents by certain input factors such as research, foreign direct investment or international technology spillovers. This study is a major contribution to innovation, trade, FDI and growth analysis,...

IZA Discussion Paper No. 8996

The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The combination of a macroeconomic production function and a new progress function, plus the...

IZA Discussion Paper No. 8507
Paul J. J. Welfens, Tony Irawan

The role of product innovations is growing in the world economy, and the EU and the US are key players here. The analysis presented herein explains product innovations in the EU25 for the period 2006-2012, namely through lagged R&D (relative to GDP), cumulated FDI inflows (relative to the host country...

IZA Discussion Paper No. 8399

This theoretical contribution shows a simple way in which the quantity equation can be derived as a long-term equilibrium solution for the case of a closed economy and an open economy, respectively. It is shown first for the case of a closed economy which parameters stand behind "velocity" and that...

IZA Discussion Paper No. 2379

In EU countries, opening up of telecommunications markets and regulations have helped to reduce the price of digital services which is an important quasi-input factor in all firms. Integrating the use of telecommunications in a macroeconomic production function is the analytical starting point for our interdependent analysis of output, use...

IZA Policy Paper No. 78
Tony Irawan, Paul J. J. Welfens
published in: International Economics and Economic Policy, 2014, 11(3), 293-328

The EU and the US have started negotiations on a Transatlantic Trade and Investment Partnership Agreement (TTIP) which could bring a considerable increase of exports and output as well as changes in the composition of output and employment. Thus export simulation studies in combination with input output analysis and employment...

IZA Policy Paper No. 2
published as 'The Transatlantic Banking Crisis: Lessons, EU Reforms and G20 Issues' in: Paul J.J. Welfens and Cillian Ryan (eds.), Financial Market Integration and Growth: Structural Change and Economic Dynamics in the European Union, Springer, Heidelberg et al., 2011, 49 - 126

The key dynamics of the transatlantic banking crisis are analyzed – with emphasis on the fact that the banking disaster of 2007/08 was not really a surprise –, and the five key requirements for restoring stability and efficiency in the EU/OECD banking sector are highlighted. Most important, however, is the...

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