To assess the synchronization of business cycles in Europe we extract the cyclical component of industrial production in five European countries using the filter of Baxter and King (1999). The hypothesis of a joint business cycle is tested by using the frequency domain common cycle test...

The consequences of diversity over a number of pertinent dimensions is often not adequately acknowledged in economics. As Reinhard H. Schmidt (in this issue) states: “One could easily cite important recent research contributions with no traces of institutions and institutional differences of...

We examine whether the financial strength of companies, in particular, small and medium-sized enterprises (SMEs) is causally linked to the award of a public procurement contract (PP), especially in the environmentally friendly green area (GPP), For this purpose, we build a combined procurement...