In this briefly note we extend the Mountford.s article "Can a Brain Drain be good for growth in the source economy?" by introducing an active role of the government in the education decisions of the agent by public education, taxes and subsidies. First, we demonstrate that the main results...

Since the outbreak of the financial crisis Croatia has faced negative growth rates and Foreign Direct Investment has not recovered since. This has resulted in a steadily growing brain drain of highly qualified labor. The economy’s international competitiveness has been decreasing for quite...

We know a lot about what kinds of policies are needed to support the development of productive sectors, but much less about why governments pursue these policies and why some governments achieve better outcomes than others. The paper reviews the many but disparate arguments on the comparative...

Twenty years have passed since Freeman and Medoff's What Do Unions Do? This essay assesses their analysis of how unions in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and Medoff are clearly correct that union productivity...

In den sechziger Jahren lag das reale Wachstum in Europa noch über dem der USA. Danach sanken in beiden Teilen der Welt tendenziell die Wachstumsraten. Anfang der Achtziger Jahre folgte allerdings in den USA eine Phase hohen Wirtschaftswachstums, so dass die Wachstumsraten und die...

Die hohen Wachstumsraten des amerikanischen BIP während der letzten Jahre haben die Frage aufgeworfen, ob sie »nur« einem starken konjunkturellen Boom zu verdanken sind oder ob nicht auch die langfristige Wachstumsrate des Produktionspotentials angestiegen ist. Zahlreiche Kommentatoren...

This study was prepared by Andreas Kuhlmann, while he was working with the Ifo Institute for Economic Research. It was completed in September 2006 and was accepted as a Ph.D. thesis by the Economics Department of the University of Munich. The subject of this study is the analysis of network...