Diese Dissertation beinhaltet drei eigenständige Aufsätze, die die Interaktionen von Bewertungsmodellen für Wertpapiere, Finanzmärkten und der Volkswirtschaft untersuchen. Alle drei Papiere tragen zu einem besseren Verständnis von Verknüpfungen zwischen Finanzmärkten und Realwirtschaft....

Consumption-based asset pricing models (CCAPMs) connect asset returns with consumption growth. The poor empirical performance of early consumption models has led to the development of a number of more sophisticated models. Nevertheless, most models focus on the US markets, and very few CCAPMs...

The thesis presents several theoretical models on the causes and consequences of income growth and uncertainty.Part I deals with international trade as a major source of aggregate productivity. It presents the Melitz (2003) model and develops an integrated model of intra-industry trade and...

This dissertation includes three empirical essays on development economics and one on the economics of education. The first essay (co-authored by Stephan Klasen) is a contribution to the debate surrounding the Millennium Development Goals (MDGs) and the on-going debate about what international...

This dissertation contains three essays at the interface of agricultural and development economics. The motivation for this lies in the fact that various studies have shown the agricultural sector to be the main income source for the majority of the global poor and it will hence have to play a...