Scholarly discussions on economic development in history, specifically those linked to industrialization or modern economic growth, have paid great attention to the formation and development of the market economy as a set of institutions able to augment people's welfare. The role of specific...

"This volume compares early modern efforts to provide "public goods" defined as non-market mediated goods not limited to personal relations such as kinship. We examine poverty and famine relief, infrastructure, and forestry in East Asia and Europe, using Japan's Tokugawa era (1603-1868) as a...

Scholarly discussions on economic development in history, specifically those linked to industrialization or modern economic growth, have paid great attention to the formation and development of the market economy as a set of institutions able to augment people's welfare. The role of specific...

Einführung -- TOYOTA — ein Überblick -- Unternehmenskultur im Werden: Die „Propheten“ -- Phänomen TOYOTA: Erfolgsfaktor Ethik -- Gelebte Unternehmensethik -- Das TOYOTA-Produktionssystem: Zauberkasten des Erfolgs -- Das Erfolgsgeheimnis von TOYOTA: Preußen lebt! -- Gigant ohne...

Using data from Germany, Japan, UK, and the U.S., we explore possible threshold cointegration in nominal short- and long-run interest rates with corresponding inflation rates. Traditional cointegration implies perfect mean reversion in real rates and hence confirms the Fisher hypothesis....

Motivated by economic-theory concepts - the Fisher hypothesis and the theory of the term structure - we consider a small set of simple bivariate closed-loop time-series models for the prediction of price inflation and of long- and short-term interest rates. The set includes vector...

This study explores a new modelling approach that bridges the gap between multilateral country-level data and the bilateral-model based, goods-market specific purchasing power parity (PPP) hypothesis. Under this approach, PPP is embedded in latent common factors, extractable from a large set of...