Do firm entry and exit improve the competitiveness of regions? If so, is this a universal mechanism or is it contingent on the type of industry or region in which creative destruction takes place? This paper analyses the effect of firm entry and exit on the competitiveness of regions, measured...

This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment in either country, and there is mild evidence that...

Bei Entscheidungen über abzulösende oder neue Anwendungssysteme kann mitHilfe funktionaler Anforderungen immer nur der gegenwärtige odervorhersehbare Bedarf ermittelt werden. In einem turbulenten Umfeld sind dieAnwendungssysteme jedoch häufig langere Zeit im Einsatz als die...

Word-of-mouth advertising involves activities to encourage consumers to talk about a product or company to friends and neighbours, setting in motion a chain of communication that could spread through a whole market. Each activity, itself small and relatively unimportant, could escalate through...