Durch den Globalisierungsprozess gewinnt das Phänomen der Migration seit einiger Zeit an Brisanz. In fast allen Teilen der Welt nehmen die Wanderungsbewegungen zu, sei es, weil Menschen jenseits der Grenzen ihres Herkunftslandes einen Arbeitsplatz und eine Existenzgrundlage für sich und ihre...

Part I. Understanding the Monetary System and Debt Bubbles in Modern Economies -- Chapter 1. How Money is Created in a Modern Economy (Max Rangeley) -- Chapter 2. Business Cycles, Debt Bubbles and the Monetary System (Max Rangeley) -- Chapter 3. Analysis of the Formation of the Super Bubble (Max...

The rise and fall of public enterprise: the framework / Pier Angelo Toninelli -- The decline of state-owned enterprise and the new foundations of the state-industry relationship / Nicola Bellini -- The performance of state-owned enterprises / Yair Aharoni -- The role of the state in economic...

After controversial public debates, fuel price regulations were implemented in Austria prohibiting fuel retailers from raising their prices more than once per day. This paper investigates whether these policy measures affected the price transmission dynamics from crude oil prices to retail fuel...

The recent growth in foreign direct investment (FDI) has led to a proliferation of scholarly efforts to analyse the various dimensions of this phenomenon. Two main streams of research have emerged in the literature. The first analyses the economic effects of FDI inflows in the economy of the...

It is well known that wages in large cities are higher than elsewhere. There is only little empirical evidence on the mechanisms behind this phenomena. One channel, that is discussed in the literature, is learning. Provided that individuals learn by interacting with one another, an urban wage...

In recent decades industrial clusters and agglomerations were recognized as drivers of regional and often national economic growth and competitiveness. Based on this cluster policy has been widely used to spur economic change, especially on the sub-national level. The public support to cluster...