In federal systems, the powers and responsibilities must be divided up between central government and individual states in such a way as to enable the center effectively to carry out its duties for the nation as a whole, while allowing the lower levels of government to pursue their own regional...

This paper examines differences in educational achievement between immigrants and natives in ten countries with a high population of immigrant pupils: Australia, Canada, France, Germany, the Netherlands, New Zealand, Sweden, Switzerland, the UK and the USA. The first step of the analysis shows...

The development of the constitution must be based on the rule of law. Direct democratic rights allow citizens to participate in the amendment process. The direct democratic process of institutional change is theoretically and empirically analyzed. A number of counter arguments and issues for a...

The aim of this study is the analysis of so called socially responsible investments (SRI). First, the performance of SRI equity investment funds and equity indices is investigated using Jensen´s alpha as performance measure. The analysis considers market timing strategies of the fund management...

This collection presents an updated bibliography of those empirical forest ecosystem service valuation studies in the German speaking countries which relate to demand oriented measures of the utility of public goods. The associated database (which is provided as a separately downloadable...

Die Frankenstärke und die daraus resultierende schwache Inlandkonjunktur belasten die Tourismuswirtschaft. Nach zwei Jahren der Erholung, kommt es in diesem Jahr wieder zu einem Rückgang der Übernachtungszahlen. Die Auswirkungen des Wechselkursschocks waren zwar milder als noch im Frühling...

Die Frage nach der angemessenen Höhe der Staatsausgaben nimmt eine zentrale Stellung in der öffentlichen Diskussion ein. Die Beantwortung der Frage erfordert ein Grundverständnis darüber zu schaffen, welche Aufgaben der Staat übernehmen sollte als auch welche Wirkungen von staatlicher...