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Referierte Aufsätze Web of Science
In the development literature, there exists no systematic study of external borrowing in post-conflict countries. We address this gap by analyzing statistical and case study evidence from three African countries. We find that many war-affected countries face rising debt arrears and deteriorating relations with creditors. Rebuilding trust between lenders and borrowers is hence a crucial but often slow ...
In:
World Development
36 (2008), 3, S. 485-504
| Patricia Alvarez-Plata, Tilman Brück
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Referierte Aufsätze Web of Science
The paper investigates the role of human capital on immigrants' ethnic ties towards their home and host countries. Pre-migration characteristics dominate ethnic self-identification. Human capital acquired in the host country does not affect the attachment to the receiving country
In:
Economics Letters
98 (2008), 3, S. 235-239
| Laura Zimmermann, Liliya Gataullina, Amelie Constant, Klaus F. Zimmermann
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Referierte Aufsätze Web of Science
This paper models voters' preferences over central versus local education policies when there are private alternatives. Education is financed by income taxes and individuals are mobile between communities. Public education levels are chosen by majority vote. Contrary to conventional wisdom, centralisation may benefit the rich and poor, while the middle class prefer decentralised education. The model ...
In:
International Tax and Public Finance
15 (2008), 3, 338-352
| Rainald Borck
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Referierte Aufsätze Web of Science
This paper empirically investigates the link between political patronage and bank performance for Ukraine during 2003Q3-2005Q2. We find significant differences between politically affiliated and non-affiliated banks. The data suggest that affiliated banks have significantly lower interest rate margins and increase their capitalization. Furthermore, we show that the level of activity of affiliated deputies ...
In:
Economics of Transition
16 (2008), 3, S. 537-557
| Christopher F. Baum, Mustafa Caglayan, Dorothea Schäfer, Oleksandr Talavera
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Referierte Aufsätze Web of Science
The paper tests for the existence of human capital externalities using a micro-level approach: the Mincerian wage regression augmented with the average level of education in cities. To solve identification problems arising from the endogeneity of average education, the study exploits a natural experiment provided by the process of economic transition: average education at the end of communism can be ...
In:
Economics of Transition
16 (2008), 3, S. 415-443
| Alexander Muravyev
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Referierte Aufsätze Web of Science
Turning unemployment into self-employment has become a major focus of German active labour market policy (ALMP) in recent years. If effective, this would not only reduce Germany's persistently high unemployment rate, but also increase its notoriously low self-employment rate. Empirical evidence on the effectiveness of such programmes is scarce. We evaluate the effectiveness of two start-up programmes ...
In:
Oxford Bulletin of Economics and Statistics
70 (2008), 3, S. 347-373
| Hans J. Baumgartner, Marco Caliendo
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Referierte Aufsätze Web of Science
Using probabilistic expectations data from the German Socio-Economic Panel, we establish a link between self-reported expectations of occupational mobility and preferences for redistribution. Our results provide new evidence on the validity of the "prospect of upward mobility" hypothesis. (
In:
Economics Letters
99 (2008), 3, S. 449-453
| Helmut Rainer, Thomas Siedler
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Referierte Aufsätze Web of Science
During the two decades between 1980 and 2000, there was no clear overall trend of economic convergence or divergence among West German regions. However, a number of regions that were already rich - generally large agglomerations - had succeeded in further distancing themselves from the rest. At the same time, knowledge-intensive services are identified as industries whose geographical concentration ...
In:
Regional Studies
42 (2008), 3, S. 413-421
| Kurt Geppert, Martin Gornig, Axel Werwatz
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Referierte Aufsätze Web of Science
We investigate the impact of measures of uncertainty on firms' capital investment behavior using a panel of U.S. firms. Increases in firm-specific and CAPM-based measures have a significant negative effect on investment spending, while market-based uncertainty has a positive impact
In:
Economics Letters
98 (2008), 3, S. 282-287
| Christopher F. Baum, Mustafa Caglayan, Oleksandr Talavera
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Referierte Aufsätze Web of Science
This paper presents a model of the European natural gas supply, GASMOD, which is structured as a two-stage-game of successive natural gas exports to Europe (upstream market) and wholesale trade within Europe (downstream market) and which explicitly includes infrastructure capacities. We compare three possible market scenarios: Cournot competition in both markets, perfect competition in both markets, ...
In:
Energy Economics
30 (2008), 3, S. 766-788
| Franziska Holz, Christian von Hirschhausen, Claudia Kemfert