In view of development policy, capital formation is crucial for economic growth in a country. Since the reform in 1978, China has enjoyed high saving rates. However, in the late 1990s the saving rates rose to such a high level, therefore the economic policy to promote consumption in order to...

This dissertation takes a welfare perspective to analyze how rural households in developing countries manage risks ex-ante and cope with shocks ex-post. The first part looks at risk-coping strategies and analyzes the socio-economic consequences of AIDS-related mortality in rural sub-Saharan...

Familienunternehmen sind ein entscheidender Faktor für die Herstellung gleichwertiger Lebensverhältnisse in Stadt und Land. In ländlichen Regionen, in denen es viele Familienunternehmen gibt, nimmt die Einwohnerzahl zu und die Abwanderung von jungen Menschen ist geringer. Regionen mit hoher...