Declining R&D intensities at the national level coincide with growing international technological links. Deviations of individual OECD countries from the average R&D intensity reflect differences in industry structure as well as in sectoral R&D intensity. At the same time, the sectoral...

This article shows that investors financing a portfolio of projects may use the depth of their financial pockets to overcome entrepreneurial incentive problems. Competition for scarce informed capital at the refinancing stage strengthens investors’ bargaining positions. And yet,...

This paper shows that investors financing a portfolio of projects may use the depth of their financial pockets to overcome entrepreneurial incentive problems. Competition for scarce informed capital at the refinancing stage strengthens investors’ bargaining positions. And yet, entrepreneurs’...

Der Beitritt Russlands zur WTO war ein Höhepunkt der ansonsten eher tristen achten WTO-Ministerkonferenz im Dezember 2011. Wirtschaftspolitisch kann der WTO-Beitritt Russlands als 'Krönung' einer nationalen Strategie gesehen werden, die einem Entwicklungsmodell folgt, das für den...