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Based on monthly observations, I specify an econometric model capturing the driving forces behind the crude oil price series in recent years. A large set of covariates, such as supply and demand variables as well as futures market variables, is used to test the impact on the crude oil price....
Persistent link: https://www.econbiz.de/10010266879
Der Artikel liefert einen Einblick in die wirtschaftswissenschaftliche Sichtweise der Terrorismusforschung und versucht Aspekte der zukünftigen Entwicklung zu beleuchten. Dabei werden Konzepte des Angebots und der Erträge terroristischer Aktivitäten beschrieben und Ansatzpunkte einer...
Persistent link: https://www.econbiz.de/10010266887
This paper analyzes the relationship between currency price changes and their expectations. Currency price change expectations are derived with the help of different order flow measures, from the trading behavior of investors on OANDA FXTrade, which is an internet trading platform in the foreign...
Persistent link: https://www.econbiz.de/10010266950
The paper analyses the causes of the current crisis of the global financial system, with particular emphasis on the systemic elements that turned the crisis of subprime mortgage-backed securities in the United States, a small part of the overall system, into a worldwide crisis. The first half of...
Persistent link: https://www.econbiz.de/10010266973
This paper explores social models in Europe with focus on the new EU Member States in a comparative perspective. The analysis is based on indicators representing the main tasks of social models. Principal components analysis yields three synthetic factors that reflect these tasks: the factor...
Persistent link: https://www.econbiz.de/10010267020
I critically review recent studies that estimate those costs of violence and conflict that can emerge among organized political groupings, from states, religious and ethnic organizations to guerillas and paramilitaries. The review includes studies that estimate direct and indirect costs due to...
Persistent link: https://www.econbiz.de/10010267051
We analyze whether globalization affects the composition of public expenditures for education by integrating arguments from the Heckscher-Ohlin and the tax competition literature into a common theoretical framework. The model suggests that with increasing global integration, developing countries...
Persistent link: https://www.econbiz.de/10010267052
An empirical overview of the UNESCO World Heritage List according to various characteristics is presented. The … officially stated intention of the World Heritage List is to protect global heritage. Our focus is on the imbalance of the … considered balanced from different points of view. It turns out that the World Heritage List is unbalanced with respect to a …
Persistent link: https://www.econbiz.de/10010267053
This paper provides new estimates of the effects of ethnic network on U.S. exports. In line with recent research, our dataset is a panel of exports from U.S. states to 29 foreign countries. Our analysis departs from the literature in two ways, both of which show that previous estimates of the...
Persistent link: https://www.econbiz.de/10010267294
in place of the HDI. Indeed, in the World Values Survey, only one other country (Iceland) has a significantly higher …
Persistent link: https://www.econbiz.de/10010267311