The Clean Development Mechanism (CDM) so far has failed to mobilize a substantial amount of energy efficiency projects; less than 4% of credits come from this category. This is due to the fact that only few methodologies for setting of baselines and monitoring project emissions have been...

The possible existence of long waves in economic time series has long been an important subject of debate for economists, statisticians and historians. Recent empirical evidence for these long-term fluctuations is found in the literature of structural time series models. One empirical method for...

Local currency bond markets in East Asia and the Pacific have grown impressively since the 1997 Asian crisis, but policy authorities in the region realize they still have some work to do to allow the markets to realise their true potential. Hence, there have been a variety of regional...

Das Unbehagen in der deutschen Nationalökonomie führte zu dem von Alexander Rüstow ab 1926 intensiv betriebenen, am Ende gescheiterten Versuch, eine geschlossene Front aller deutschen Theoretiker aufzubauen, um, wie er im Januar 1927 an Eucken schrieb, zur Attacke auf die Ruinen der...

Das Wachstum der realen Bruttowertschöpfung in Hamburg zeigt für den Zeitraum 1992 bis Anfang 2001 eine gegenüber Deutschland gleichlaufende Entwicklung. In der zweiten Jahreshälfte 2001 kommt es jedoch zu einer nachhaltigen Erhöhung des Hamburger Trendwachstums, es findet also eine...

The paper analyses the impact of natural resource abundance on selected governance indicators. In contrast to earlier studies that are mainly confined to cross-sectional analysis, we use a panel data set with a large number of countries and an extended period of time. Moreover, we employ an...

In light of the importance of immigrants labour market integration in the host countries, this study examines the employment convergence between foreign-born and native-born in the European Union (EU) based on the EU Labour Force Survey (EU LFS). The evidence points to numerous differences in...

Seit den gescheiterten EU-Verfassungsreferenden in Frankreich und in den Niederlanden 2005 hat sich die Diskussion um ein Europäisches Wirtschafts- und Sozialmodell intensiviert. Nur selten wird indes die Frage nach den tieferen Gründen für das Aufkommen der Debatte gestellt. Die These des...

We empirically analyse the impact of trade on income levels in the sub-Saharan African countries. The results indicate that the linkage between these two variables is negative for these countries. This outcome may explain the negative sign of the Africa dummy in income (or growth) regressions.

Increasing inequality in qualification specific employment prospects characterises labour markets in most highly developed countries. Theoretical models suggest that in-plant skill segregation might matter for the polarisation of employment and wages. According to these models production...