This article illustrates changing growth regimes in Uganda from pro-poor growth in the 1990s to growth without poverty reduction, actually even a slight increase in poverty, after 2000. Not surprisingly, we find that good agricultural performance is the key determinant of direct pro-poor growth...

The stock market crash of October 1987 was not followed by the widely-feared recession in the world economy. Most forecasts have been revised upward again, and many are even more favorable than before the crash. This is also the case for Western European countries. However, beyond the very short...

The 2010 European debt crisis has revived the discussion concerning the optimum adjustment strategy in the face of asymmetric shocks. Whereas Mundell's (1961) seminal theory on optimum currency areas suggests depreciation in the face of crisis, the most recent emergence of competitive...

Die Überwindung der Wirtschaftskrise und des dadurch entstandenen Haushaltsdefizits ist nicht die einzige Herausforderung für die neue Bundesregierung: Vor allem muss es ihr gelingen, ungenutzte Wachstumspotentiale zu entfalten - durch Investitionen in Bildung und Forschung, durch die...

Aufgrund ihrer (Querschnitts-)Technologien ist die Elektroindustrie in Deutschland vergleichsweise stark mit anderen Wirtschaftszweigen verwoben: Einerseits ist die kurz- bis mittelfristige wirtschaftliche Entwicklung der Elektroindustrie eng an den allgemeinen Konjunkturverlauf gekoppelt....

Why are socially beneficial reforms not implemented? One simple answer to this question (which has received little attention in the literature) is that this may be caused by generalized uncertainty about the effectiveness of reforms. If agents are unsure about whether a proposed reform will...

Is the Chinese growth miracle - a remarkably high growth rate sustained for over two decades - likely to persist or are the seeds of its eventual demise contained in the policies that have boosted growth? For all its presumed flaws, the particular approach to macroeconomic and structural...