In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...

We discuss how standard computable equilibrium models of trade policy can be enriched with selection effects without missing other important channels of adjustment. This is achieved by estimating and simulating a partial equilibrium model that accounts for a number of real world effects of trade...

Die Europäisierungsforschung widmet sich der Erforschung der Rückwirkungen der europäischen Integration auf die EU-Mitgliedstaaten. Trotz der Bedeutung von Kapital und Arbeit und ihren Organisationen für die politischen Ökonomien der EU-Mitgliedstaaten hat die Europäisierungslite-ratur den...

The high outward mobility that has characterised the countries in the Western Balkan (WB) region over the past three decades is often seen as tightly linked to severe labour market imbalances and persistently low utilisation of human capital over time. To shed light on these issues, we estimate...