This paper examines the structural characteristics of China's inter-bank foreign exchange market and evaluates the prospects for the renminbi to become a regional lead currency. While China has made considerable progress in reforming her foreign exchange market and thereby set the preconditions...

Literature examining immigrants' educational disadvantage across countries focuses generally on average differences in educational outcomes between immigrants and natives disguising thereby that immigrants are a highly heterogeneous group. The aim of this paper is to examine educational...

This paper analyzes, within a regional growth model, the impact of productive governmental policy and integration on the spatial distribution of economic activity. Integration is understood as enhancing territorial cooperation between the regions, and it describes the extent to which one region...

This paper suggests an analytical framework to bring two explanations of institutional change together. My analysis rests on three building blocks: Firstly on the idea of the transfer or transplantation of institutions, secondly on the idea of functional differentiation, and thirdly and...

The decision making of judges is prone to error and misapprehension. Consequently, the prevailing literature ties the economic function of courts to dispute resolution and minimization of rule making costs. In contrast to previous research, this analysis applies a contract theoretic perspective...

So far, the cumulative number of renewable energy systems such as Solar Photovoltaic (SPV) irrigation pumps in the agriculture sector in India is far below their theoretical potential despite government subsidy programmes. One of the major barriers are the high costs of investments in these...

For many countries, remittance behaviour by migrants is an important component of their overall international financial flows. To date, the empirical literature has analysed the propensity to remit as a function of migrants' socio-economic characteristics. However, no studies have fully...

This article outlines a model of how social interactions among persons belonging to the same region might influence the individual unemployment duration. The impact is assumed to be enhanced through social work norms shared by peers within the group. Building on a range of German data sets and...

The main objective of this study is to examine the effectiveness of sector-specific foreign aid given to education sector and aggregate foreign aid on the national educational outcomes of Pakistan, respectively.

This paper provides an analysis of the labour market entry of migrant youth in Germany after completion of an apprenticeship. We are particularly interested in the impact of local cultural diversity on a successful career start. Focusing on the cohort of people completing apprenticeships in...