Using data on 68 developing countries from 1979 to 2008 and controlling for a wide array of factors, this paper finds that a rise in the real interest rate increases the unemployment rate and decreases the employment rate. The magnitude of these effects is small. The results are robust to...

Using data on 74 countries and a large number of controls, this paper finds that a higher degree of ethnic fractionalization is correlated with a higher unemployment rate. This is probably mainly because fractionalization reduces labor market efficiency.

Using data from 52 developing countries, this article analyses how the size of government affects unemployment. It tackles the reverse causality issue by instrumenting for the government size variable. According to the regression results, a large government sector is likely to increase the...

In the course of cultural evolution, certain institutions have emerged and become dominant in the Western world that have led to an unprecedented rise in prosperity and population. This paper first explains the characteristics and significance of cultural evolution. Subsequently, it explains the...

Hayek’s theory of cultural evolution has always generated controversy. Interest in Hayek’s theory, and others’ analysis and criticism of it, has been rising of late. This volume urges a reconsideration of Hayeks’ theory of evolution and aims to explore the relevance...

Die Industriepolitik der Europäischen Gemeinschaft als merkantilistisch oder neomerkantilistisch zu apostrophieren, sie gar mit dem Merkantilismus gleichzusetzen, ist in der wirtschaftswissenschaftlichen Literatur weit verbreitet. Eine vergleichende Analyse, die Aufschluß darüber geben...

Im vorliegenden Aufsatz wird untersucht, ob die Volkswirtschaftslehre einen Beitrag zur theoretischen Fundierung einer vorausschauend lenkenden Strukturpolitik leisten kann. Zu diesem Zweck werden vier ausgewählte Theorien auf ihre Eignung als Basis einer vorausschauend lenkenden...