This paper asks to what extent life satisfaction among immigrants remains similar to that in their country of origin and to what extent it adapts to that in their country of residence. We employ data from 29,000 immigrants in the European Social Survey to estimate the relative importance of...

This contribution assesses the treatment of claims and defences to culture in WTO dispute settlement to date. It concludes that, despite some interpretative sensitivity, WTO dispute settlement is hampered from being fully sensitive to culture by its own particular ‘culture’ in at least three...

As significant part of national wealth, households' wealth is the central issue in both policy debate and academic literature. Nevertheless, in Hungary little effort has been made so far to conduct thorough evaluation of households' wealth for the last decade. Under the auspices of the plural of...

Thomas Friedman's book the world is flat has been a bestseller since it appeared in 2005. The remarkable success of the book reflects to a certain extent the present fears with respect to increasing globalization. Using many examples, Friedman argues that distance (however defined) is no longer...

Die Dynamik der Weltwirtschaft wird in den kommenden Monaten verhalten bleiben. Zwar sind die Ölpreise wieder gefallen, doch bestimmt die Abschwächung in den USA vorerst das weltwirtschaftliche Klima. Einer stärkeren Abkühlung wirkt im Euroraum die expansive Finanzpolitik entgegen. In...

Am 23. Oktober stellten die sechs Wirtschaftsforschungsinstitute in Berlin ihr Herbstgutachten der Presse vor. Sie kommen zu der Ansicht, dass der Konjunkturabschwung durch die Terroranschläge verstärkt wurde. Mit einer Besserung ist erst im nächsten Jahr zu rechnen.

Am 23. April stellten die sechs Wirtschaftsforschungsinstitute in Berlin ihr Frühjahrsgutachten der Presse vor. Sie kommen zu der Ansicht, dass die Weltwirtschaft vor einem Aufschwung steht. In den USA hat sich die Konjunktur sogar früher als von den Instituten erwartet belebt. In Westeuropa...

As significant part of national wealth, households' wealth is the central issue in both policy debate and academic literature. Nevertheless, in Hungary little effort has been made so far to conduct thorough evaluation of households' wealth for the last decade. Under the auspices of "the plural...

Firm-level data on productivity, financial activity and firms' international linkages have become essential for research in the fields of macro, international finance and growth. This paper describes the development of a firm-level global panel dataset for public and private companies based on...

Differently from Atkinson and Morelli (2011) who detect no clear link between increases in income inequality and systemic banking crises, we show that a large majority of crises occurred between 1982 and 2008 have been preceded by persistently high levels of income inequality. Such association...