This book offers a framework for analyzing the increased economic integration of countries which is mainly driven by multinational enterprises. They compete with other companies from different countries on many markets and through various channels. The book starts by discussing the stylized facts of the role of multinational enterprises in the globalization process in order to derive an empirical picture which is met as closely as possible by the theoretical framework. This theoretical framework which stands in the tradition of the proximity-concentration literature allows analyzing the...
This book offers a framework for analyzing the increased economic integration of countries which is mainly driven by multinational enterprises. Th...
The internationalization of financial markets is one of the focal points in the discussion about recent globalization trends. These discussions suggest that capital can move freely between countries. However, there is ample evidence that national borders do matter and that there are many implicit and explicit barriers to integration. Understanding the factors that unify and that separate financial markets and thus reconciling these two stylized facts is at the core of this book. While the main focus of the empirical work is on banking industry, results are yet informative also with regard...
The internationalization of financial markets is one of the focal points in the discussion about recent globalization trends. These discussions su...
Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and modeling techniques inspired by new classical economics and real business cycle theory. It also probes in which direction models may be extended from here. Empirically, the book uses different econometric techniques to investigate the relevance and implications of different macroeconomic theories for...
Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in ...
If you can believe, all things are possible to him who believes. Mark 9:23 The current, unprecedented loss of global biodiversity as a result of anthropo genic interference in the world's ecosystems is affecting human well-being across the globe with increasing severity. It therefore represents a major chal lenge in international environmental policymaking. With the Convention on Biological Diversity (CBD), the community of states has recognized the in creasing importance of preserving biodiversity. Given the extensive context of biodiversity loss and preservation, this study focuses on two...
If you can believe, all things are possible to him who believes. Mark 9:23 The current, unprecedented loss of global biodiversity as a result of anthr...
Fueled by the ongoing debate about the distributive effects of the Washington Consensus, the dynamics of poverty and inequality have returned to the center of attention of academic scholars, policymakers, and the public at large. The main obstacles to analyzing this issue are incomplete income and consumption data in developing countries. Hence, the book presents a new dynamic cross-survey microsimulation methodology and applies it to generate the database for a detailed case study on Bolivia during the era of structural reforms. Building upon this database, the dynamics of different...
Fueled by the ongoing debate about the distributive effects of the Washington Consensus, the dynamics of poverty and inequality have returned to the c...
This book presents a thorough economic analysis of both the determinants and the consequences of international differences in schooling quality. It is shown that cross-country differences in quality-adjusted human capital can account for a substantial part of the international variation in economic development. However, large increases in per-student spending over recent decades were not matched by increases in student achievement in most countries. In a simple principal-agent model, the book stresses the importance of institutional features of the schooling system such as central...
This book presents a thorough economic analysis of both the determinants and the consequences of international differences in schooling quality. It is...
