The aim of the paper is twofold. First, we try to fill a theoretical gap inevolutionary economics by developing some key elements of an evolutionary theory of social stratification that explicitly link the generation of technological and institutional novelty to the structural evolution of...

The almost topical so-called Information Revolution has actually became The Knowledge Revolution. What made it possible to automate processes is not the machine - that is just the trigger. As form of reorganization of traditional work, based on centuries of experience, the well-known concept of...

In den USA wird ein stark ansteigender Teil der Handelsumsätze im Wege des Electronic Shopping von Konsumenten über das World Wide Web abgewickelt. Folgt die Entwicklung in Deutschland diesem Trend, so sind nachhaltige Strukturveränderungen für Handelsunternehmen zu erwarten. Aufgrund der...

Newly developed and advanced methods for nonlinear time series analysis are in general not available in standard software packages. Moreover, their implementation requires substantial time, computing power as well as programming skills. The recent results on lag and bandwidth selection methods...

Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a mass of producers and users of knowledge interact through a distribution medium. This paper considers the consequences of this fact for economic equilibrium analysis. In...

In this paper, we argue that the ECB’s unconventional monetary policy announcements have generated significant spillover effects in Russia and Eastern Europe. The hypothesis is tested using OLS estimations of event-based regressions on monetary policy event dummies and seven financial...

Soon, euro area membership could more than double, with the vast majority of accession countries being quite different in economic terms compared with current members. Under the current decision-making system, this can lead to high decisionmaking costs and there is a risk that monetary policy...

Through a continuous reform of its fiscal system (especially the tax system), the Republic of Croatia has harmonized them with those of EU countries, in keeping with European integration processes and the intention to become a full EU member. Certain differences are still in place (tax rates,...