Von der Integration mit der EU oder mit anderen Wirtschaftsräumen wie der Donauregion profitieren die CENTROPE-Regionen in unterschiedlicher Form. Die vorliegende Studie analysiert das Ausmaß der räumlichen Integration, das künftige Potential sowie Stärken, Schwächen und mögliche...

Integration with the EU or other areas like the Danube region is likely to benefit the CENTROPE regions in a differentiated way. This report will analyse the extent of spatial integration, the future potential for it, as well as strengths, weaknesses and likely points of conflicts in the...

Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe...

A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage. Using investment data for 400,000 individuals, we...

In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...