It is often argued that countries with a high population share of children and young workers should attract large capital inflows from aging industrialized economies. However, many of these countries deter foreign investors by a high risk of creeping or outright expropriation. In this paper we...

It is often argued that capital should flow from aging industrialized economies to countries with fast-growing populations. However, institutional failures and the risk of expropriation substantially reduce developing economies' attractiveness for foreign investors. We analyze the influence of a...

It is often argued that countries with a high population share of children and young workers should attract large capital inflows from aging industrialized economies. However, many of these countries deter foreign investors by a high risk of creeping or outright expropriation. In this paper we...

In this paper we investigate the twofold effect of demographics on international factor flows in a model with endogenous policy constraints on both foreign direct investment and migration. Factor price differences between industrialized and developing countries create economic incentives for...

To counter the effects of population aging in rich industrialized countries, raising immigration from and raising capital exports to younger developing countries are often seen as alternative solutions. In this paper, we explicitly account for mobility constraints in the form of immigration...

The surge of maritime piracy in the Gulf of Aden is often related to lawlessness and poverty in Somalia. We set up a simple model to describe the choice of becoming a pirate in a setting with an industrialized and a developing country which both engage in fishing in the same waters. As a result...

Die internationale Konjunktur hat sich in der ersten Hälfte dieses Jahres nur leicht belebt. Zwar hat sich die Expansion in den fortgeschrittenen Volkswirtschaften beschleunigt, in den Schwellen- und Transformationsländern verlangsamte sie sich aber weiter. Viele Schwellenländer haben bei...

Die Abschwächung der internationalen Konjunktur verstärkte sich in der zweiten Jahreshälfte 2012. Im vierten Quartal expandierte das Weltsozialprodukt mit der geringsten Rate seit der Rezession 2008/2009. Besonders schwach war die Konjunktur in den fortgeschrittenen Volkswirtschaften. In den...

Die internationale Konjunktur hat sich in der ersten Hälfte dieses Jahres abgekühlt. In den USA und den asiatischen Schwellenländern hat der Aufschwung zuletzt an Tempo verloren. In Lateinamerika blieb der Zuwachs verhalten. Im Euro-Raum setzte sich erwartungsgemäß der Rückgang der...