We analyze whether the Olympic Games contribute to a process of democratization in the awarded country, as postulated in the cases of the 2008 and 2014 Olympics, controlling for endogeneity issues that may arise if the decision to award host status by the International Olympic Committee is...

This paper provides new evidence on the globalization‒poverty nexus. We innovate by using an indicator of globalization in the food sector, finding evidence of a significantly aggravating impact on poverty prev-alence, adding to earlier studies that use indicators of general...

Real estate is the biggest real asset class in an economy, and Germany is the biggest economy in Europe. This implies opportunities as well as specific risks for investors and policy makers. As the German real estate markets have by and large been spared severe disruptions in the course of the...