For a long time, migration has been subject to intensive economic research. Nevertheless, empirical evidence regarding the determinants of migration still appears to be incomplete. In this paper, we analyze the effects of socio-economic and institutional determinants, especially labor-market...

In this paper, we quantitatively assess the welfare implications of alternative public education spending rules. To this end, we employ a dynamic stochastic general equilibrium model in which human capital externalities and public education expenditures, financed by distorting taxes, enhance the...

In this paper we propose a novel way to model the labor market in the context of a New-Keynesian general equilibrium model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to replicate many important stylized facts of the business...

This article takes issue with a recent book by Ziliak and McCloskey (2008) of the same title. Ziliak and McCloskey argue that statistical significance testing is a barrier rather than a booster for empirical research in many fields and should therefore be abandoned altogether. The present...

This paper provides insights into one of the first in-depth empirical studies of how patents contribute to the external access of companies to financial sources.1 Based on expert interviews and a large-scale survey across company size clusters in technology intensive industries in Germany, the...

Much of the literature on the economics of mortgage markets has studied the FRM-ARM choice made by individual borrowers. However, to decide if the outcome of such a choice is efficient or approximately so, it is necessary to explore the question of optimal risk-sharing in mortgage contracts. But...

There has been a broad consensus among scholars of party politics that party systems in new democracies differ in some essential way from those of advanced democracies, especially in the level of party system institutionalization. One of the key dimensions of party system institutionalization is...

This article takes issue with a recent book by Ziliak and McCloskey (2008) of the same title. Ziliak and McCloskey argue that statistical significance testing is a barrier rather than a booster for empirical research in many fields and should therefore be abandoned altogether. The present...

The goal of creating a process based on rational, evidence based policymaking has not succeeded in Romania despite the existence of all formal institutions which could facilitate such a process. There is one essential feature which did not change after Romania's EU accession: the state did not...

This article elaborates a framework for evaluating the growth and decline of organizations and other systems, determining what leads some of them to respond adequately to demands imposed upon them by their environment, and others not. The framework synthesizes two apparently mutually exclusive...