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There is an extensive literature examining the determinants of self-employment. These studies have mainly failed to account for the differences in entrepreneurial spirit across countries. This paper explores the role of culture in self-employment by exploiting variation in historical...
Persistent link: https://www.econbiz.de/10011711520
Innovative capacity has a decisive and crucial role in determining who is prospering in the global arena. Innovation is the base for the development of strategic advantages in companies, so necessary in the current context of global competitiveness. Innovative capacity enables countries to...
Persistent link: https://www.econbiz.de/10011570029
Are migrants self-selected and sorted according to their views about what constitutes a fair level of redistribution? A major challenge in answering this question is that fairness concerns and self-interest are intertwined. We present a theoretical framework that allows us to test whether...
Persistent link: https://www.econbiz.de/10012437549
fortifications dominate every pre-modern city around the world. The advance in modern technology, artillery and airpower … precision firepower, modern military conflicts are bringing the war back to the city. The important urban centers are becoming … the focus for new urban warfare. The current war in Ukraine is essentially urban warfare. Urban warfare faces both the …
Persistent link: https://www.econbiz.de/10014229938
This paper documents that ECB announcements increase the stock market volatility in the euro area (EA) on the same day. I consider two volatility measures from January 1998 to May 2019. First, a realized volatility measure uses intraday data for 8 different stock market indices. Second, a range...
Persistent link: https://www.econbiz.de/10012286218
Using novel data on speeches held by members of the European Central Bank's Executive Board, we investigate whether monetary policy transparency has increased over time. With respect to the general public as the target audience, our findings suggest that the European Central Bank successfully...
Persistent link: https://www.econbiz.de/10013326553
Persistent link: https://www.econbiz.de/10011660732
Have Irish, German or Italian settlers arriving in the US at the turn of the 20th century left an institutional trace which determines economic development differences to this day? Does the national origin of migrants matter for long-term development? This paper explores whether the distinct...
Persistent link: https://www.econbiz.de/10011559815
Regional policy of European Union promoted a long time ago uniformly regional development as one of its own integration priority, and each phase in integration process of individual states monitoring appropriately growing distribution of the financial assets, which helps them to accomplish those...
Persistent link: https://www.econbiz.de/10012169956