In the last 20 years Ireland attracted high FDI-inflows, which are to be explained. Based on wellknowntheoretical models, some host country determinants for different modes of FDI areanalysed. But the standard models for vertical and horizontal foreign direct investments can notsufficiently...

This paper examines the questions of whether and how feudal rulers were able tocredibly commit to preserving monetary stability, and of which consequences theirdecisions had for the efficiency of financial markets. The study reveals that princes were usually only able to commit to issuing a...

The paper advocates for a new measure of the ethnic identity of migrants, models itsdeterminants and explores its explanatory power for various types of their economicperformance...

In this paper we analyse bootstrap procedures for systems cointegration tests with a prior adjustment for deterministic terms suggested by Saikkonen & Lüutkepohl (2000b) and Saikkonen,Lütkepohl & Trenkler (2006). The asymptotic properties of the bootstrap test procedures are derived and their...

With globalization, the size of migration and the value of ethnicity is rising. Also Cyprusundergoes a strong process of change while experiencing large inflows of migration. Thepaper investigates the challenges and the potentials of migration from a European Unionperspective...