Summary The rise of the East-German economy in the 1950s and 1960s and its decline in the 1970s and 1980s is difficult to explain by neoclassical economics. However; the observed life cycle may be explained by the inclusion of concepts from old and new institutional economics and from functional...

Zusammenfassung Der Beitrag analysiert die Entstehung und Ausgestaltung der leistungsorientierten Hochschulfinanzierung in Baden-Württemberg aus ökonomischer, politischer und statistischer Perspektive. Dazu wird die verbale Vereinbarung des Finanzierungsmodells, die 1999 zwischen Ministerium...

Abstract In the literature it is generally assumed that activities of voluntary membership based associations operating in stable institutional environments are multi-faceted, contributing simultaneously to societal, economic and political spheres. This article, drawing on the concept of...

Purpose Arts-based cooperations between business and the arts create innovative solutions for companies by introducing artistic practices. Cooperations of this nature are predominantly prepared and implemented by intermediaries who act as “matchmakers” and bridge the cultural clash. The...

Purpose – This editorial builds on the distinction between soft and hard economics and discusses dominant explanations for the development challenges of Sub-Sahara African (SSA) countries. It also seeks to offer a backdrop for the papers in the present volume of AJEMS . The paper aims to...

Zusammenfassung Dieser Beitrag stellt den geltenden Kündigungsschutzregelungen einen institutionenökonomisch fundierten Entwurf gegenüber, nach dem sich Schutzbedürftigkeit nicht an der Arbeitnehmereigenschaft per se, sondern am Ausmaß der versunkenen Kosten orientiert. Hieraus resultiert...

Abstract This article examines the relationship between the work of Yoram Barzel and Institutional Economics. Barzel has developed a property rights/transaction cost approach to economics and has written on topics ranging from car racing to slavery to Jewish lending to voting rules in...

Purpose – The purpose of this paper is to set forth seven broad recommendations and 15 specific initiatives within a four-dimensional framework for the development of social capital in Islamic finance, particularly the stock market, given its role as the first best means of risk sharing....

Purpose The purpose of this paper is to develop a conceptual framework that illustrates how resource-based countries, such as those in the Gulf Cooperation Council, can move their economies towards a more sustainable diversified model, through creating and fostering institutions that are...

Purpose The purpose of this paper is to focus on the role of students’ cultural background in explaining their academic performance. Design/methodology/approach The paper aims at achieving the research objective with the use of questionnaires and structural equation modelling (SEM). Findings...