To compete for criminal money by means of high levels of bank secrecy has been a tempting strategy for countries to attract globally mobile funds. We show in a model that this 'Seychelles strategy' can increase national output, in particular, if a country takes first movement leadership in the...

This paper analyses which factors are most important for explaining why people in fifteen European countries prefer either public, occupational or private pension provision. We make a distinction between personal characteristics such as age, gender and occupation, nationality and the actual,...

In this paper, we analyze, estimate and compare five prototypic models of innovation, from a simple learning-by-doing model to an elaborated model that includes financial, organizational and technological determinants of innovation. From the comparison of the five models we conclude that...