The environmental discussion is increasingly extended to the question of how to preserve biodiversity. As sensible regulation of biodiversity utilization uses politically set incentive schemes, it is required to discus the monetary value of biodiversity. Consequently, the relation between...

This paper constructs a Global Entrepreneurship Index (GEINDEX) that captures the contextual feature of entrepreneurship across countries. We find the relationship between entrepreneurship and economic development to be mildly S-shaped not U-shaped or L-shaped. Our findings suggest moving away...

Local industrial clusters have attracted much attention in the recent economic and geographical literature. A huge number of case studies have been conducted. This paper presents a meta-analysis of the case studies of 159 local industrial clusters in various countries and industries. Based on an...

Few industries are more concentrated than the global fashion industry. We analyse the geography and evolution of the ready-to-wear fashion design industry by looking at the yearly entry rates following an organizational ecology approach. In contrast to earlier studies on manufacturing...

Following the well-known approach by Adler and Dumas (1984) we evaluate the foreign exchange rate exposure of nations. Results based on data from 27 countries show that national foreign exchange rate exposures are significantly related to the current balance variables of corresponding economies.

Based on monthly observations, I specify an econometric model capturing the driving forces behind the crude oil price series in recent years. A large set of covariates, such as supply and demand variables as well as futures market variables, is used to test the impact on the crude oil price....

Der Artikel liefert einen Einblick in die wirtschaftswissenschaftliche Sichtweise der Terrorismusforschung und versucht Aspekte der zukünftigen Entwicklung zu beleuchten. Dabei werden Konzepte des Angebots und der Erträge terroristischer Aktivitäten beschrieben und Ansatzpunkte einer...

This paper analyzes the relationship between currency price changes and their expectations. Currency price change expectations are derived with the help of different order flow measures, from the trading behavior of investors on OANDA FXTrade, which is an internet trading platform in the foreign...

The paper analyses the causes of the current crisis of the global financial system, with particular emphasis on the systemic elements that turned the crisis of subprime mortgage-backed securities in the United States, a small part of the overall system, into a worldwide crisis. The first half of...

This paper explores social models in Europe with focus on the new EU Member States in a comparative perspective. The analysis is based on indicators representing the main tasks of social models. Principal components analysis yields three synthetic factors that reflect these tasks: the factor...