I explore the fact that the Mongol Empire invaded most of Eurasia but left Western Europe untouched. I hypothesize that differences in exposure to the Mongols resulted in divergent institutional paths. Where the Mongols invaded, they set up highly centralized autocratic institutions. Meanwhile,...

The paper aims at a conceptual contribution to the normative economic analysis of rural de-velopment (RD) policies. RD is regarded as a problem of interaction between individuals; (lacking) structural change or the (missing) integration of externalities are therefore recon-structed as...

[Introduction ...] This paper tries to answer these questions taking five steps of argumentation. Firstly, the paper briefly sketches the theoretical and empirical background of the modern liberal market economy concept. Secondly, it outlines in more detail the basic ideas of the ordoliberal...

This report constitutes the first deliverable of the project ENGIME - Economic Growth and Innovation in Multicultural Environments, financed by the European Commission - FP5 - Key Action: Improving socio-economic knowledge base. Contract HPSE-CT2001-50007

The paper discusses critical land issues in the Philippines and assesses the integration of those issues in the national development agenda and poverty reduction strategies. It covers issues related to agriculture, forest and urban lands, land administration and management and government...

The paper shows that the standing of theory in the field of mergers and acquisitions is weak for at least three reasons. Research is best described as a battlefield of ad hoc theory testing leaving behind a fragmented field. Research has focused traditionally on high intensity markets under the...

We study economies where improving the quality of institutions - modeled as improving contract enforcement - requires resources, but enables trade that raises output by reducing the dispersion of marginal products of capital. We find that in this type of environment it is optimal to combine...

In 2004, developing countries and civil society groups called for a new Development Agenda at the World Intellectual Property Organization (WIPO). After three years of debate, they secured the adoption by WIPO Member States of the 2007 WIPO Development Agenda, comprising 45 recommendations for...

This working paper is the first to analyse whether insights into problems of "regulatory ritualism" might inform contemporary debate on the merits and content of any new treatybased mechanism on the human rights responsibilities of business and financial actors. In 2015 a controversial...