In a globalized world with high international factor mobility, crises often spread quickly over large parts of the world. Politicians carry a vital interest in keeping crises as small and short as possible. Against this background we study whether the type of company of owner-managed SMEs, in...

In this paper we employ commune-level data from Vietnam to study whether three types of natural disasters have an impact on emigration figures. We thereby distinguish between temporary and permanent emigration and also differentiate between the effects of recently occurring disaster events and...

Wachstumsaussichten für 2024/25 bleiben gedämpf: Das Hamburgische WeltWirtschaftsInstitut (HWWI) rechnet für die deutsche Wirtschaft nach einem Rückgang des realen Bruttoinlandsprodukts von 0,3 % im Jahr 2023 für die Jahre 2024 und 2025 nur mit geringem Erholungspotenzial. Angesichts des...

Successful innovation is a precondition for economic prosperity. While various potential determinants of innovative activity have been considered, little empirical evidence is yet available for the influence of firm governance issues. This paper aims at filling this gap in the literature by...

The determinants of portfolio choice have been studied extensively in the field of household finance. In this paper we study the determinants of the decision to hold risky assets based on a novel dataset of German bank data. Our primary focus is the question whether East Germans di er in their...

Are preferences exogenously given? Or do individual tastes and values evolve endogenously within a particular socio-economic environment? In this paper, we make use of a natural experiment to analyse the role of inflation experiences and institutions in the formation of individual inflation...

Successful innovation is a precondition for economic prosperity. While various potential determinants of innovative activity have been considered, little empirical evidence is yet available for the influence of firm governance issues. This paper aims at filling this gap in the literature by...

While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to filling this gap in the literature by studying how...