the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …

documented by Monte Carlo experiments. An empirical application to modelling of real GDP growth and investment-output ratios … dominant effects are found. The results also suggest that increase in investment as a share of GDP predict higher growth rate …

This paper develops a theory of the allocation of authority between two parties that produce impure public goods. We … impurity is very low as long as one party's investment is more important than the other party's. If the parties' investments …, including schools and child custody. -- impure public goods ; contractual incompleteness ; allocation of authority ; investment …

Does the Internet undermine social capital or facilitate inter-personal and civic engagement in the real world? Merging … second exploits a quasi-experiment in East Germany created by a mistaken technology choice of the state …

manager power hypothesis for Germany as executives tend to be rewarded when the sector is doing well rather than the firm they …The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … unique panel data evidence of the 500 largest firms in Germany in the period 1977-2009 we test two prominent hypotheses in …