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  • Articles  (33)
  • Blackwell Publishers Ltd.  (33)
  • American Institute of Physics (AIP)
  • 2005-2009
  • 2000-2004  (33)
  • 1970-1974
  • Sociology  (33)
  • 1
    Electronic Resource
    Electronic Resource
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: This paper uses cross–national data from happiness surveys, jointly with data on per capita income and pollution, to examine how self–reported well–being varies with prosperity and environmental conditions. This approach allows us to show that citizens care about prosperity and the environment, and to calculate the trade–off people are willing to make between them. The paper finds that the effect of urban air pollution on subjective well–being shows up as a considerable monetary valuation of improved air quality. For instance, a representative German citizen would need to be given more than 1900 $ per year in order to accept the typical urban air pollution level prevailing in Japan. The subjective marginal valuation of air pollution is compared with marginal abatement costs from the literature.
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  • 2
    Electronic Resource
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    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: This paper uses cross–national data from happiness surveys, jointly with data on per capita income and pollution, to examine how self–reported well–being varies with prosperity and environmental conditions. This approach allows us to show that citizens care about prosperity and the environment, and to calculate the trade–off people are willing to make between them. The paper finds that the effect of urban air pollution on subjective well–being shows up as a considerable monetary valuation of improved air quality. For instance, a representative German citizen would need to be given more than 1900$ per year in order to accept the typical urban air pollution level prevailing in Japan. The subjective marginal valuation of air pollution is compared with marginal abatement costs from the literature.
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  • 3
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    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: This article considers the relationship between finance and the contribution of Information and Communication Technologies (ICT) to macroeconomic performance. The general characteristics of ICT firms, especially their often ‘high risk, high return’ nature, suggest equity finance is more appropriate than debt finance. Also, the prevalence of information asymmetries tends to favour internal finance and venture capital with management participation. For a group of countries, we analyse correlations between financial structure and the ICT contribution to economic growth. Our results support the view that a market–oriented financial system and a well–developed venture capital market are key factors stimulating the emergence of the so–called ‘New Economy’. This helps explain the considerable gap in productivity growth between the United States and Europe in the second half of the 1990s.
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  • 4
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    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited to measures that hurt neither shareholders nor workers. This paper develops a policy proposal, which allows the government to reduce wage costs without changing the income positions as determined in the process of wage negotiations. It is shown that the introduction of public profit sharing, i.e., substituting profit shares for social security contributions, can boost employment both in the short run and the long run. Calibrating the model and comparing the results with recent empirical findings about the impact of labour taxation confirm the theoretical findings.
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  • 5
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    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
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  • 6
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    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
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  • 7
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    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
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  • 8
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    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
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  • 9
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    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: Books reviewed:Jagdish Bhagwati, Free Trade TodayMichael Carlberg, An Economic Analysis of Monetary UnionCarl, Chiarella, Peter Flaschel, Gangolf Groh und Willi Semmler, Disequilibrium, Growth and Labor Market Dynamics.Badly Condon, NAFTA, WTO and Global Business StrategyPaul De Grauwe (ed.), The Political Economy of Monetary UnionWilliam Easterly, The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the TropicsAnna Grandori, Organization and Economic BehaviorMary Gregory, Wiemer Salverda and Stephen Bazen (eds.), Labour Market InequalitiesKarsten Junius, Ulrich Kater, Carsten–Patrick Meier und Henrik Müller, Handbuch Europäische Zentralbank.János Kornai and Karen Eggleston, Welfare, Choice, and Solidarity in Transition: Reforming the Health Sector in Eastern EuropePeter Koslowski (ed.), The Theory of Capitalism in the German Economic TraditionConstantine Michalopoulos, Developing Countries in the WTOTorsten Persson and Guido Tabellini, Political Economics: Explaining Economic PolicyHeinz–Peter Spahn, From Gold to EuroWilliam Thomson, Guide for the Young EconomistViktor J. Vanberg, The Constitution of MarketsRami Zwick and Amnon Rapoport (eds.), Experimental Business Research
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  • 10
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    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: This paper analyzes the editorial screening process in economics, employing data from the American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics. We examine three issues: the decline of critical commentary in economics, the increased referencing behavior of authors, and the decline in the citation of economic research. We find that there is empirical evidence in favor of the idea that these trends are mostly due to more ex ante investment by authors in their papers and less need for ex post quality control.We appreciate helpful comments received from William Shughart, John Sophocleus, and the editors of Kyklos. The usual caveat applies.
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  • 11
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    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: Standard indicators of human capital endowment — like literacy, school enrollment ratios or years of schooling — suffer from a number of defects. They are crude. Mostly, they refer to input rather than output measures of human capital formation. Occasionally, they produce implausible effects. They are not robustly significant determinants of growth. Here, they are replaced by average intelligence. This variable consistently outperforms the other human capital indicators in spite of suffering from severe defects of its own. The immediate impact of institutional improvements, i.e., more government tolerance of private enterprise or economic freedom, on growth it is in the same order of magnitude as intelligence effects are.The senior author is responsible for picking a ‘politically incorrect’ topic, i.e., analyzing the impact of IQ or average intelligence. The junior author has done the data compilation and the computations.
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  • 12
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    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: The Roman Catholic Church has been turning out new saints for two millennia. The argument advanced here is that the saint–making process is arranged as an open contest for sainthood: by combining competitive initiative and pressure from below with exclusive adjudication from above, it provides effective incentives for participants to direct their efforts toward the best interests of the church. This is a key factor that counters bureaucratic ossification and keeps the church thriving. The argument implies that the secular pattern of canonizations should mirror the changing pattern of church demand rather than any exogenous supply of saintly persons, and should translate into a pattern of rise and decline of religious orders which specialize in particular virtues meeting particular demands. Statistical data on canonizations in the second millennium strongly support this empirical implication.An earlier draft of this paper was presented at a panel on Public Choice and the Millennium in the annual meeting of the European Public Choice Society, Siena, 26–29 April, 2000, whose participants provided interesting discussion. The author is particularly indebted to George Akerlof, Vani Borooah, Alberto Cassone, Joan Delaney Grossman, Gregory Grossman, Ronald Wintrobe, Robert Young, and a referee of this Journal for useful comments and suggestions. The revised version was completed while the author was visiting professor at the Department of Economics of the University of California at Berkeley, whose support is gratefully acknowledged.
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  • 13
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    Oxford, UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: Most studies on the relationship between economic freedom and growth employ a measure of economic freedom based on an (ad hoc) aggregation of various underlying components. We argue that the alternative aggregation procedure as recently suggested by Heckelman and Stroup (2000) — in which aggregation is directly based upon the relevance of each component for growth, as determined by multivariate regression analysis — is seriously flawed. We present an alternative index based on latent variable estimation techniques. Using standard robustness analyses we find that this index of economic freedom is not robustly related to economic growth.
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  • 14
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    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: This paper deals with an intriguing paradox that can be observed in today’s regional economic policy making: whereas unique local factors are increasingly seen as the determinants of regional economic success, simultaneously more and more governments try to copy policy experiences that proved to be successful in a particular region. A good example here is the use of ‘best practices’ in the field of regional cluster policy. Cluster programs are becoming like ‘mantras’ for policy makers who want to stimulate regional economic development. Given this paradox, in the present paper we address the question what lessons can be drawn from comparing success stories of regional clustering. To answer this question, we combine insights from regional economics and comparative public policy. To start, we discuss the literature that has led to the popularity of the cluster concept as a learning device among policy makers. After that, we identify the preconditions (‘contingencies’) that affect whether these cluster policy initiatives can be transferred from one place to another. We find that some of the contingent influences, especially those related to the degree of uniqueness of an area’s economic structure and culture, hamper the possibility of ‘learning by comparing’ in regional cluster policy. It may even be argued that exactly those regional specificities explain the success of cluster–based policy efforts. Thus, we have to draw the rather pessimistic conclusion that the possibilities of lesson–drawing in regional cluster policy are limited. In our view, at best ‘best practices’ should be seen as inspiration sources rather than as recipes for successful regional economic development.A preliminary version of this paper was presented at the CURE 3–Conference on Outstanding Regions in Leeuwarden, The Netherlands, November 22–24, 2000. We would like to thank Arnoud Lagendijk, an anonymous referee and the editors for valuable comments.
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  • 15
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    Kyklos 55 (2002), S. 0 
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    Topics: Sociology , Economics
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  • 16
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    Kyklos 55 (2002), S. 0 
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    Topics: Sociology , Economics
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  • 17
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    Kyklos 55 (2002), S. 0 
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    Topics: Sociology , Economics
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  • 18
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    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: Books reviewed:Ulf Beckmann, Von Löwe bis LeontiefFriedel Bolle and Michael Carlberg (eds.), Behavioral EconomicsPaul Dalziel, Money, Credit and Price StabilityVivien Foster, Susana Mourato, David Pearce and Ece Özdemiroglu, The Price of VirtueJoshua Gans (ed.), Publishing EconomicsOtmar Issing, Vitor Gaspar, Ignazio Angeloni and Oreste Tristani, Monetary Policy in the Euro AreaKarin Knottenbauer, Theorien des sektoralen StrukturwandelsPeter Koslowski, Wirtschaftsethik – Wo ist die Philosophie?Arthur Lupia, Mathew D. McCubbins and Samuel L. Popkin (eds.), Elements of ReasonPeter Nolan, China and the Global EconomyFinn Ostrup, Money and the Natural Rate of UnemploymentTapio Palokangas, Labour Unions, Public Policy and Economic GrowthPejovich, Svetozar (ed.), The Economics of Property RightsDaniel Piazolo, The Integration Process between Eastern and Western EuropeJaime Ros, Development Theory and the Economics of GrowthBernard Salanié, Microeconomics of Market FailuresJohn Sutton, Marshall’s TendenciesMalcolm Trevor, Japan: Restless CompetitorAchim Truger, Rot–grüne Steuerreformen in DeutschlandWorld Investment Report, Cross–border Mergers and Acquisitions and Development
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  • 19
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    Oxford UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: From the stated price of a specified lottery in three unrelated surveys we deduce individuals’ Arrow-Pratt measure of risk aversion. We find that risk aversion indeed falls with income and wealth. Entrepreneurs are less risk averse than employees, civil servants are more risk averse than private sector employees, and women are more risk averse than men. A simple lottery question appears a promising survey instrument to explore risk attitude and its relation to personal characteristics.
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  • 20
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    Kyklos 55 (2002), S. 0 
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    Topics: Sociology , Economics
    Notes: Redistribution is typically viewed as a task of the central government. However, in most federal countries local governments do have some discretion in redistribution policy. The main theoretical argument for this is that redistribution may be a local public good (Pauly 1973). Using data on Flemish municipalities, we present a first empirical test of Pauly’s assumption. We find that the willingness to redistribute is negatively affected by the geographical dimension of the responsible government. We extend the notion of distance, considering also sociological, cultural, income and political distances between donors and recipients. We find that, with the exception of income, these are relevant determinants of welfare policy, though they do not always have the predicted effect.
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  • 21
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    Kyklos 55 (2002), S. 0 
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    Topics: Sociology , Economics
    Notes: Empirical research has shown that both more economic freedom and a higher stability of policy variables are supportive for economic growth. Thus, the path of policy liberalization may have a considerable influence on a nation’s growth performance. Using the Fraser-index of economic freedom, this article shows empirically that policy volatility proves to be growth depressing, even if the state liberalizes the economy in the long-run. Growth is significantly higher if liberalization occurs on a smoother path.
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  • 22
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    Kyklos 55 (2002), S. 0 
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    Topics: Sociology , Economics
    Notes: This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greater share of economic activity. Not all countries, however, are experiencing the same shift in their industrial structures. Little is known about the cost of resisting this restructuring process. The goal of this paper is to identify whether there is a cost, measured in terms of forgone growth, of an impeded restructuring process. The cost is measured by linking growth rates of European countries to deviations from the ‘optimal’ industrial structure. The empirical evidence suggests that countries impeding the restructuring process pay a penalty in terms of forgone growth.
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  • 23
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    Oxford UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
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    Topics: Sociology , Economics
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  • 24
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    Kyklos 55 (2002), S. 0 
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: Books reviewed:Bhagwati, Jagdish. The Winds of the Hundred DaysCostanza, Robert, John Cumberland, Herman Daly, Robert Goodland und Richard Norgaard. Einführung in die Ökologische ÖkonomikFogel, Robert William. The Fourth Great Awakening and the Future of EgalitarianismFrey, Bruno S. Inspiring EconomicsFrey, Bruno S. und Margit Osterloh (Hrsg.) Managing MotivationGandolfo, Giancarlo. International Finance and Open-Economy MacroeconomicsGerschlager, Caroline und Ina Paul-Horn (Hrsg.) Gestaltung des GeldesGibson, Heather D. (ed.) Economic Transformation, Democratization and the Integration into the European UnionHenneberger, Fred, Stefan Graf und Matthias Vocke. Globalisierung und ArbeitsmarktHoffmann, Lutz and Felicitas Moellers (eds.) Ukraine on the Road to EuropeHowarth, David, J. The French Road to European Monetary UnionHunya, Gabor (ed.) Integration Through Foreign Direct InvestmentKiesewetter, Hubert. Region und Industrie in Europa 1815–1995Kleinert, Jörn und Henning Klodt. Megafusionen — Trends, Ursachen und ImplikationenKolodko, Grzegorz W. Post-Communist Transition: The Thorny RoadNooteboom, Bart. Learning and Innovation in Organizations and EconomiesPsalidopoulos, Michalis (ed.) The Canon in the History of EconomicsRiphan, Regina T., Dennis J. Snower and Klaus F. Zimmermann (eds.) Employment Policy in TransitionRochon, Louis-Philippe and Matias Vernengo (eds.) Credit, Interest Rates and the Open EconomySacconi, Lorenzo. The Social Contract of the FirmSen, Amartya. Ökonomie für den MenschenSieberg, Katri K. Criminal DilemmasVives, Xavier. Oligopoly PricingWelfens, Paul J. J. European Monetary Union and Exchange Rate Dynamics
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  • 25
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    Oxford UK and Boston, USA : Blackwell Publishers Ltd.
    Kyklos 55 (2002), S. 0 
    ISSN: 1467-6435
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    Topics: Sociology , Economics
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  • 26
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    Kyklos 54 (2001), S. 0 
    ISSN: 1467-6435
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: High-quality institutions of conflict management can serve to mitigate the negative effects of adverse external shocks and social conflict on long-run economic growth. But in addition to the benefits (production-enhancing cooperation), there are also costs (taxes and rent-seeking) of conflict-management institutions like corporatism and trust. We examine both positive and negative influences in the context of a simple growth model. Contrary to previous research, we predict a non-linear relationship between institutions and growth. The empirical evidence from a panel for the years 1961-1995 shows that neo-corporatism and trust have each had independent positive effects on long-run growth in the EU, suggesting that the diminishing product range of institutions has not yet been reached. Under an increasing size of government, however, both institutions lead to a dominating negative rent-seeking effect.Our thanks for helpful comments go to the editors, an anonymous referee, Karl Aiginger, Mathias Dufour, Frauke Skudelny, Robert Urbatsch, seminar participants at the University of Linz, the Austrian Institute for Economic Research and discussants at the European Public Choice Society Meeting 2000 in Siena. All remaining errors are ours, of course. An extended version of this paper is available from the authors on request (Schneider and Wagner 2001). Further results are discussed in Wagner (2000).
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  • 27
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    Kyklos 54 (2001), S. 0 
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    Notes: In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will be winners from this redistribution, for example Poland with 12.9 billion euros, Romania with 9.9 billion euros or Hungary with 3.3 billion euros. Correspondingly, the current member countries of the European Union face costs of 35.3 billion euros in total, the biggest part of which has to be borne by Germany.I am grateful to Mirja Bopst, Ulrich Hange, Hans-Werner Sinn, as well as the editors of this journal and their referees for helpful comments.
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  • 28
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    Kyklos 54 (2001), S. 0 
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    Notes: In order to evaluate the empirical relevance of the Lucas Critique, we investigate whether the term structure (the relation of the long interest rate to the short interest rate) showed structural change as the deadline for the euro came closer. Our empirical analysis of the term structures (yield curves) in 12 OECD countries uncovers that econometrically estimated behavioural equations for most EMU countries were stable even in the light of the creation of the euro. This finding would seem to defy the Lucas Critique. However, the significant structural instability found for the euro area's core country, Germany, suggests that the Lucas Critique is relevant in the analysis of the impact of the creation (and future extensions) of EMU.Preliminary versions of this paper were presented at the ECB workshop on yield curve modelling, Frankfurt (1999) and the Finance Seminar at the University of Zurich (2000). Comments by participants of both workshops and by two anonymous referees are gratefully acknowledged.
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    Kyklos 54 (2001), S. 0 
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    Notes: This paper presents a positive model which derives the preferences of entrepreneurs, workers, and investors concerning investor and employment protection. It shows that institutional setups on capital and labor markets might be intertwined by politicoeconomic forces. Multiple politicoeconomic equilibria arise from our model. Some countries especially in continental Europe exhibit a corporatist politicoeconomic equilibrium with a substantial protection of insiders on both, capital and labor markets. The more important money is in political decision-making, the more divided the workforce is, and the more globalized capital markets are, the more likely is a capitalist politicoeconomic equilibrium with little employment and substantial investor protection. Our prediction of a negative crosscountry relationship between different measures of labor market rigidities and of competition on capital markets receives considerable empirical support, thus being potentially important for the current debate concerning structural reforms of labor markets and of corporate governance systems.We thank two anonymous referees as well as participants of the Colloquium on Financial Markets at the Kiel Institute of World Economics, of the Workshop of the Arbeitskreis Deutscher Binnenmarkt der List-Gesellschaft on Capital Markets, of the Economics Workshop at the University of Würzburg, and especially Norbert Berthold, Martin Hellwig, Michael Neumann, Oliver Stettes, and Eric Thode for helpful comments. The usual disclaimer of course applies.
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    Notes: Price stability has become the predominant goal for monetary policy. Should the aim be zero inflation or could inflation be too low making it better to strive for a stable (low) positive rate of inflation? This paper analyses why inflation may interact with downward nominal rigidities so as to imply inefficiencies in resource allocation at low rates of inflation. The higher the rate of inflation, the lower the likelihood that downward nominal rigidities are binding (the Tobin argument) and this may cause a non-linear Phillips curve. Inflation can be too low in the sense that the employment level is reduced and its volatility increased.
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    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Sociology , Economics
    Notes: Books reviewed in this article:Alt, James E., Margaret Levi and Elinor Ostrom, (eds.) Competition and CooperationAmiel, Yoram and Frank A. Cowell, Thinking about InequalityAoki, Masahiko and Gary Saxonhouse, (eds.) Finance, Governance, and Competitiveness in JapanBörsch-Supan, Axel H. and Meinhard Miegel (eds.) Pension Reform in Six CountriesCabral, Luis M.B., Introduction to Industrial OrganizationDyson, Kenneth and Kevin Featherstone (1999). The Road to MaastrichtEltis, Walter, Britain, Europe and EMUEndres, Alfred, UmweltökonomieFrey, Bruno S., Arts & EconomicsFürstenberg, Friedrich, Arbeitsbeziehungen im gesellschaftlichen WandelFurubotn, Eirik G. and Rudolf Richter, Institutions and Economic Theory; Kasper, Wolfgang and Manfred E. Streit (1999). Institutional EconomicsGilbert, Christopher L. and David Vines, (eds.) The World BankHaller, Max, (ed.) The Making of the European UnionHouben, Aerdt C. F. J., The Evolution of Monetary Policy Strategies in EuropeMénard, Claude, (ed.) Institutions, Contracts and OrganizationMenkhoff, Lukas and Norbert Tolksdorf, Financial Market DriftMoser, Peter, The Political Economy of Democratic InstitutionsPeltzman, Sam and Clifford Winston, (eds.) Deregulation of Network IndustriesPeschutter, Gudrun, Strategische Exportförderung durch ökologisches DumpingRussett, Bruce and John Oneal, Triangulating PeaceSchürfeld, Angela, Lohnpolitik und Beschäftigungspolitik bei fortschreitender europäischer IntegrationThrosby, David, Economics and CultureWagner, Helmut, (ed.) Globalization and Unemployment
    Type of Medium: Electronic Resource
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