It has been forty years since the oil crisis of 1973/74. This crisis has been one of the defining economic events of the 1970s and has shaped how many economists think about oil price shocks. In recent years, a large literature on the economic determinants of oil price fluctuations has emerged....

Ist gesellschaftlicher Wohlstand ohne ökonomisches Wachstum möglich? Dieses Paper gibt einen Überblick über jüngere wissenschaftliche Veröffentlichungen zum Thema. Schwerpunkte sind Begründungen und Ausprägungen von Wachstumsskepsis, alternative Wohlstandsindikatoren und Alternativen zur...

While trade integration is often regarded as a principal determinant of economic growth, the empirical evidence for a causal linkage between trade and growth is ambiguous. This paper argues that the effect of trade in dynamic panel estimations depends crucially on the specification of trade....