The expansion in the supply of energy services over the last couple of centuries has reduced the apparent importance of energy in economic growth despite energy being an essential production input. We demonstrate this by developing a simple extension of the Solow growth model, which we use to...

This paper puts forth a unified theory of growth that captures a number of relevant features of countries' transitions from stagnant, predominantly rural economies to vibrant, industrialized economies that have been overlooked by the literature. In our theory, increasing variety of consumer...

Die nachfolgenden Beiträge behandeln aus einer jeweils individuellen Sichtweise die Erfahrungen mit Feldforschungsaufenthalten in Asien. Nach einer allgemeinen Einführung zum Verständnis von Feldforschung berichten einzelne Beiträge von Erfahrungen bei Forschungsaufenthalten in China, Japan,...

We study the long-run relationship of real exchanges rates (RERs) among the ASEAN-5 countries by testing the theory of Generalized Purchasing Power Parity (G-PPP) from the new perspective of fractional cointegration. The long-run co-movements of the RERs are examined by applying a recent...