Bücher der Reihe Contributions to Economics

On October 24th, 1994, the pro-government German newspaper 'Die Welt' reported that the Minister of Family Affairs, Mrs. Hannelore Ransch, member of the ruling Christian Democratic Union (CD U), withdrew her candidacy for a second term after serving a four year term.

This book is one of the ?nal products of a research project on the effects of market imperfectionson economic behavior and decisions. The project was put together by four Italian universities (Universita ` di Roma ¿Tor Vergatä and ¿La Sapienzä U- versita ` Cattolica del Sacro Cuore ¿ Piacenza and the Universita ` di Urbino ¿Carlo Bo¿) in 2005 and funded by the Italian Ministry of Higher Education and Research for the period 2006¿2007. The research title of the project ¿Corporate governance, ?nancial systems and ?rms¿ performances¿ was indicative of its agenda: to inv- tigate the role of market imperfections and their interactions on ?rms¿ decisions. In 2006 (May 12) the research group held the ?rst conference at the Universita ` di Urbino where intermediate results were ?rst presented and discussed with o- standing scholars from US, UK, and Italian universities, and the European Central Bank. The book reproduces the papers presented at the Universitad ` iRomäLa Sapienzä conference (May 16¿17 2008) and is organized in two parts. The ?rst one discusses imperfectionsthat are mainly related to the working of ?nancial m- kets. The second part includes contributions which focus on different topics of real market imperfections. We wish to thank Steve Nickell, Philip Vermeulen and all the participants at the Urbino and Rome conferences who made both events extremely productive with their scienti?c contributions. We are especially grateful to Bob Chirinko who p- ticipatedinbothconferencesandconstantlyencouragedustocarryoutourscienti?c project on the economics of imperfect markets.

This book provides a comprehensive understanding of the relationship between Foreign Direct Investment (FDI) and economic growth, with special attention to the countries of Central and Eastern Europe. Within a new semi-endogenous growth model, the book illustrates the impact of FDI on economic growth for every stage of development of a country.

This book analyzes economic interdependence in the Euro Area. Moreover, the authors explore the impact of economic policy coordination on economic performance in the Euro Area. Among the many topics explored are the link between fiscal and monetary policies in the Euro Area and the coordination of fiscal policies and of structural reforms.

This fascinating and timely work explores in detail the changes in the Indian banking sector over the last 20 years, and puts them into a comparative perspective with the Chinese banking sector.

This book deals with the transformation of the Polishcentrally-planned system to a western-type market system. One of the mainfeatures of the book is the broad variety of the subjectschosen for analysis and of the respective approaches takenby the authors who mostly specialize in the fields theyworked on for this book.

For the past decades, economists and geographers from both developed and developing countries have studied the economic issues either within individual countries (regions), or between countries (regions). It is more interesting that Guo is written with a different Chinese character from that used for the like sounding "Guo" (country).

This work deals with international growth, featuring the dynamics of foreign debt and domestic capital. It looks at the Solow model, the overlapping generations model and the infinite-horizon model. Phase diagrams serve to trace out the processes of adjustment induced by various shocks.

Innovation in the High-Tech Economy

This book discusses skill formation, upskilling of workers, and their interaction with technological change in Gulf countries. A comprehensive investigation of the skill problem and an elaborate in-depth analysis to assess the causes, consequences and relationships between poor skills and technological performance are highlights of this book.

This is one of the first econometric analyses of the EU's present lead indicator for sustainable development, offering a comprehensive analysis of the interrelationship between ecology and the economy as well as a quantitative analysis of the latest dataset.

Labor and Employment Relations in a Globalized World

This book challenges the universal applicability of strategic management concepts. It argues that it is necessary to pay attention to contextual facets of the environment, in particular to societal culture. It also depicts the current planning situation in the banking industry. The culture-boundness of strategy formulation and implementation is challenged and advocated trough discussing planning systems, processes, and heuristics, and contextual influences both an a theoretical basis and with empirical research. The book is based an my doctoral dissertation, which was completed at the Marketing and Banking Departments of the Vienna University of Economics under the auspices of Fritz Scheuch and Gustav Raab. Their teaching, constructive criticism, and encouragement provided the intellectual stimulation for bringing this dissertation to completion. This applies equally to several professors at the University of Illinois at Urbana-Champaign. Harry Triandis and Anant Negandhi introduced me to cross-cultural research and inter­ national management. Howard Themas, Marjorie Lyles, and Irene Duhaime helped me to crystallize thoughts. Hanns-Martin Schönfeld, Seymour Sudman and Gerald Salancik challenged my thoughts about organizational behavior and methodology. Richard Watson, Univer­ sity of Georgia, and Louis Flores of Northern Illinois University were very helpful in providing address material for Australia and Latin America, as well as through assistance with translations. Norihiro Suzuki of Int'l Christian University, Tokyo, and Hiro Matsusaki of Tokyo University helped with Japanese translations.

Along the path of research it was only the specific support and inspiration of a large number of people in various different ways that made it possible for the report to now be in front of you in the current form.

This volume contains the contributions from referents on the occasion of the 25th anniversary of the Institute for Regional research at the University of Kiel in Germany. The contributions characterize main fields of interest of the Institute's research.

Three original models which explain business cycles as a result of self-fulfilling expectations are presented. Unlike the majority of existing literature on this subject, the departures from perfect markets and constant returns presented in these models are very low and, more importantly, at a realistic level to achieve the respective results.

This book explores the new macroeconomics of the European Monetary Union. Take for instance a shock or a policy measure in a specific union country. The targets of economic policy are full employment and price stability in each of the union of economic policy are monetary policy by the Euro countries.

The main objective of the book is to identify and evaluate the major changes in the Cohesion Policy of the European Union and their effects on Polish regions for the period of 2014 - 2020.

The intensity of the crisis and its economic and social repercussions have varied from country to country, generally impacting the core countries less than those on the periphery.

This book explores urban dynamics in Europe fifteen years after the fall of communism. Among the cities analyzed are Kazan, St. Petersburg, Moscow, Warsaw, Prague, Komarno, Budapest, Belgrade, Bucharest, Sofia and Tirana.

The empirical studies presented in this book model the endogeneity by applying the simultaneous equations methodology on the relation of ownership and financial performance as well as on different ownership dimensions themselves.

This book analyzes economic interdependence in the Euro Area. Moreover, the authors explore the impact of economic policy coordination on economic performance in the Euro Area. Among the many topics explored are the link between fiscal and monetary policies in the Euro Area and the coordination of fiscal policies and of structural reforms.

Nonetheless aging will pose major policy challenges on the well functioning of the economy and the society as a whole. The book describes and analyses the effects of population aging on social and economic issues, labour and financial markets, pension and health care expenditures and public finance, and the welfare of people.

CONTENTS INTRODUCTION 3 PART 1. FLEXIBLE EXCHANGE RATES 11 CHAPTER 1. BASIC MODEL 11 1. Flexible Money Wages 13 13 1. 1. Overlapping Generations 1. Short-Run Equilibrium and Long-Run Equilibrium 23 1. Stability 27 1. Fixed Money Wages 34 34 2. 1. Short-Run Equilibrium and Long-Run Equilibrium 39 2. Slow Money Wages 52 3. 1. 1.

Poverty, inequality and social welfare are defined in this book. Previous poverty studies are surveyed and a new index of poverty is developed based on everyday meanings, and stressing the individual and relative nature of poverty. Previous definitions of inequality and welfare are described and the relations between them and poverty are explored.

In this book, entitled "Military Conscription: an economic analysis of the labour component in the armed forces", military conscription is regarded as an eco nomic policy to minimize the cost of labour in the armed forces. The economic cost of conscription becomes clear when we analyse the opportunity costs of conscription.

This book seeks to analyze how small and medium businesses react to the economic and financial crisis.

This book offers an in-depth analysis of the Brazilian sugarcane complex with a special focus on technological advances that promote sustainable development.

This book contributes to the debate on the decoupling of emerging economies from the advanced economies with a new, empirical investigation approach.

This book examines new classical macroeconomics from a comparative and critical point of view that confronts the original texts and later comments as a first dimension of comparison. Its central question points to the real nature of new classical macroeconomics: what consequences are grounded by the assumptions new classicals used.