This paper examines the consequences of capital and labour subsidies for employment, capital formation and other macroeconomic variables within an OLG small open economy model of wealth accumulation. Two cases, the neoclassical-equilibrium one and the modern-equilibrium one, have been analysed....

Anita Dietrich, Florian Dorn, Clemens Fuest, ifo Institut, Daniel Gros, Giorgio Presidente und Philipp-Leo Mengel, Bocconi Universität, Mailand, vergleichen die EU-Innovationspolitik mit der in den USA. Investitionen in FuE in der EU und in Deutschland konzentrieren sich auf Sektoren, die als...

This paper explores the effects of several cultural values, attitudes, and the like, on some of the main dimensions of economic performance. It shows a weak correlation between continental countries' relative endowment of some cultural attributes and the relative performance of their national...

This article is an idiosyncratic survey of the insider-outsider theory, describing the vision underlying the theory, and evaluating salient contributions to the literature in the light of this vision. We also indicate what appear to have been dead-ends and red herrings in past research. The...

The paper examines the determinants of the division of labor within firms. It provides an explanation of the pervasive observed changes in work organization away from the traditional functional departments and towards multi-tasking and job rotation. Whereas the existing literature on the...