In this paper, we provide an overview of the relationship between international migration and international trade as well as capital movements. After taking a brief historical perspective, we first investigate migration flows between two countries in a static, neoclassical context. We allow for...

This paper compares relative unit labour cost developments in the countries of the euro-area since the beginning of the European Monetary Union (EMU) both with historical developments and with intra-regional unit labour cost developments in the United States of America and Germany. To this end,...

Eine präzise Darstellung des seit 1989 andauernden Übergangs von der Plan- zur Marktwirtschaft (sowie von der kommunistischen Diktatur zu Demokratien westlicher Prägung) in Mittel- und Osteuropa würde den Rahmen der vorliegenden Arbeit sprengen, die nicht den eigentlichen...

Eine präzise Darstellung des seit 1989 andauernden Übergangs von der Plan- zur Marktwirtschaft (sowie von der kommunistischen Diktatur zu Demokratien westlicher Prägung) in Mittel- und Osteuropa würde den Rahmen der vorliegenden Arbeit sprengen, die nicht den eigentlichen...

Venture capital (VC) investment has long been conceptualized as a local business, in which the VC's ability to source, syndicate, fund, monitor, and add value to portfolio firms critically depends on their access to knowledge obtained through their ties to the local (i.e., geographically...

In the information age, the role of higher education as a factor of social progress is increasing. The competition among higher education institutions is also growing. This requires higher education institutions’ (HEIs) marketing policies to be diversified, digitalized, and integrated into the...

In this paper, we provide an overview of the relationship between international migration and international trade as well as capital movements. After taking a brief historical perspective, we first investigate migration flows between two countries in a static, neoclassical context. We allow for...

The middle-income trap (MIT) describes obstacles to sustainable growth experienced by some middle-income countries. The initial growth of emerging economies is often characterized by reliance on labor intense, import driven factors, facilitated by foreign direct investment (FDI). As it matures,...

The O-Ring theory provides a framework for analyzing the effects of team production on the emergence of firms in the New Economy. Given risk-aversion of the potential team members, the productive advantage of perfect ability matching in teams suffices to establish an equilibrium which separates...