Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity (DNWR). However, the resulting macroeconomic effects seem to be surprisingly weak. This contradiction can be explained within an intertemporal framework in which DNWR not only...

The success breeds success hypothesis has been mainly applied to theoretical network approaches. We investigate the European aerospace industry using data on the European Framework Programmes and on Airbus suppliers, focusing on the success breeds success hypothesis at four levels of analysis:...

This paper suggests that inequality in landownership is a non-financial hurdle for human capital accumulation. It is the first to present evidence that inequality in landownership had an adverse effect on the level of public education in the Korean colonial period. Using a fixed effects model,...

Unified Growth Theory suggests the demographic transition and the associated rise in human capital formation were critical forces in the transition from Malthusian stagnation to modern economic growth. This paper provides empirical evidence in support of this hypothesis based on the Korean...

We present the results of an empirical study of the national innovation systems of countries in the Iberian Peninsula and Latin America from a comprehensive neo-Schumpeterian economics (CNSE) perspective. The empirical study covered the period from 2000 until 2011 and the countries analyzed are...

Based on a Contingent Valuation study in Shanghai we assess people's willingness to contribute personally to the alleviation of environmental problems occurring in distant parts of the country. One split of our survey assessed Shanghai residents' willingness to pay for the preservation of...

Old OCA theory recommends to unite homogenous countries so that their macroeconomic interrelations do not pose severe stabilisation problems. New OCA theory rightly criticizes the 1960s flavour of the old approach and believes in the endogenous emergence of an OCA if countries use the facilities...

Digitale Technologien nehmen dem Menschen zunehmend Arbeit ab und treffen heute schon in vielen Bereichen Entscheidungen ohne menschliche Mitwirkung. In den Medien wird über selbst handelnde Roboter und selbstfahrende Auto berichtet. Softwareagenten erarbeiten heute schon ohne menschliche...

The provision of environmental goods by government creates social benefits which might vary between citizen groups with different cultural and ethnic backgrounds. These differences as well as the overall extent of benefits should be analysed before the implementation of public projects in order...

Unternehmen stehen heute aufgrund ökonomischer Anreize verstärkt vor der Entscheidung, die bisher intern gelagerte Datenverarbeitung und Geschäftsprozesse auf einen externen Anbieter von Cloud-Computing-Services auszulagern. Diese neuartige Form des IT-Outsourcings verändert jedoch die...