The article aims to identify the nature of the relationship between governance and economic growth. The analysis of the facts showed that the main cause of poor growth in several countries in East Africa and sub - Saharan Africa is the weakness or absence of good governance although some of them...

Der ifo Geschäftsklimaindex für die gewerbliche Wirtschaft Deutschlands ist im April erneut gestiegen. Die aktuelle Lageeinschätzung der Unternehmen hat sich auf hohem Niveau leicht verbessert, während die Erwartungen für die nächsten sechs Monate unverändert gut geblieben sind. Die...

The dramatic decline in the actual output of the European economy is considered to be more than a cyclical discrepancy from the potential output. Both the level and the growth rate of the potential output show an unfavourable development. It is an important task of economic research to identify...

We investigate externalities in higher education enrollment over the course of development in a two-sector model. Each sector works with only one type of labor, skilled or unskilled, and individuals are differentiated according to their cost of acquiring human capital. Both sectors exhibit...

We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian model averaging to deal rigorously with model uncertainty and attendant omitted variable bias. In addition, we address endogeneity and assess whether the effect of trust on growth...

This work presents a robust empirical approach to dealing with the issue of the long run relationship between macroeconomic volatility, consumption behaviour and welfare for a large sample of countries. Differing from previous works, our empirical strategy is grounded on consumption and takes...

Over the last two decades in OECD countries an increasing number of firms are obtaining certification as Socially Responsible (CSR is the acronym for Corporate Social Responsibility). Several studies (including Preston and O’Bannon, 1997; Waddock and Graves, 1997; McWilliams and Sieger, 2001; Ullman,...

Der ifo Geschäftsklimaindex für die gewerbliche Wirtschaft Deutschlands ist im Mai stark gefallen. Die Einschätzung der aktuellen Lage wurde deutlich zurückgenommen. Die Geschäftslage befindet sich aber immer noch oberhalb des langfristigen Durchschnitts. Die zukünftige Entwicklung wird...

Realizar una revisión de las políticas y las estrategias de desarrollo en America Latina desde una perspectiva historica.

In this paper we survey the common explanations of barter in transition economies and expose them to detailed survey data on 165 barter deals in Ukraine in 1997. The evidence does not support the notion that soft budget constraints, lack of restructuring, or that the virtual economy are the...