Die vorliegende Arbeit behandelt die Wechselwirkung zwischen sozialpsychologisch orientierten Konzepten und einer stärkeren Fundierung in der Mikroökonomik. Extrinsische (ökonomische) Anreize zerstören unterökonometrisch und experimentell nachgewiesenen Bedingungen die intrinsische...

This paper examines the relationship between private investment and government spending in Australia, Britain and the United States. Since all time series data are stationary in first differences and cointegrated, these series are represented by an error correction model. Variance decomposition...

The historical record suggests that economic development is associated with the rise of the financial sector. This rise is often triggered by exogenous events such as large budget deficits generated by wars or the availability of large investment projects such as railroads. This paper discusses...