Bøger i Contributions to Economics serien

Containing analysis of income inequality and poverty in a comparative context, this book contains articles on the Czech Republic, Hungary, Poland and Russia under transition. Western European countries are also examined in this context. References to public-use files are given.

This work presents interdisciplinary approaches towards achieving regional sustainability. The relevance of interdisciplinary research and its consequences for economic research into the environment are elaborated, and new approaches are developed.

Among the academic profession, I would like to thank Prof. A part of the book was written while I was a visiting fellow at DELTA, Paris, where I am particularly indebted to Roger Guesnerie. Different versions of the manuscript, or parts of it have been read by Prof. Additionally, I have to thank Prof.

The author develops a model of bank-firm relationships on the basis of the following general idea: Banks want to prevent moral hazard on the side of their customers. They extend the loan if the success of the project is highly probable and if the revenues from that project are greater than the expenses of the bank for monitoring the customer.

With the decision of the European Central Bank to assign a prominent role to a monetary aggregate in its policy strategy, it is essential to further understand the policy of monetary targeting of the German Bundesbank and the conditions under which it succeeded.

This volume is dedicated to Horst Todt who celebrated his seventieth an niversaryon March 14, 2000.

Consumer credit has become a topical issue for researchers, regulators and the banking industry in Europe as a result of increasing market integration, regulatory changes and a growing tendency of households to use debt to finance consumption.

In the mid-eighties Mehra and Prescott showed that the risk premium earned by American stocks cannot reasonably be explained by conventional capital market models. Using time additive utility, the observed risk pre mium can only be explained by unrealistically high risk aversion parameters.

Economic globalisation and technological change are the two issues that concerned people in the past, concern them today and will concern them in the future - all over the world, poor or rich.

Today, economic growth depends more than in the past on sound and well-organized firms, which means more innovation, a better educated labor force, higher likelihood of access to financial resources and efficient investments.

This book evaluates the successes, failures, and factors that influence the competition for public bus transport services.

Table of Contents Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 . . . . . . Further Methodological Issues . . . . . . . . . . 13 .

This study was conceived while I was a research assistant in the Department of Development Economics at the University of Heidelberg. For the theoretical parts and the overall framework I am indebted to my advisor Prof. I also want to express my gratimde to Bernhard Warkentin, Micheline Beaudry-Somcynsky, Dr. Kraft, Prof.

The book is based on work originating within the framework of an international forum for exchange of ideas and co-operation between researchers, planners and practitioners, The Consortium for the Study of Perceived Planning Issues in Marginal Areas -PIMA.

My main interest here is not primarily to understand these exogenous forces, but to develop a theory of how the process of firms' innovative activity is shaped by competition and in turn shapes future competition between firms in an industry.

New developments in measuring, evaluating and managing credit risk are discussed in this volume. Among the subjects treated are important issues, such as: the consequences of the new Basel Capital Accord (Basel II), different applications of credit risk models, and new methodologies in rating and measuring credit portfolio risk.

As soon as the discussion focuses on local resources, it becomes clear that the expansion of a mobile industry at some location will absorb local resources which may come from local immobile industries and that the contraction of a mobile industry will release local resources which may go to local illliIlobile industries.

A two-sector model of a developing country consisting of agriculture and industry is presented. These include technology adoption in agriculture, Engel's law and a relationship between the level of nutrition and productivity.

The present book summarizes parts of the research made in the Norwegian Multispecies program. This program was initiated by the then Norwegian Council of Fisheries Research, which was later integrated in The Research Council of Norway.

Peter Michaelis and Frank Stahler This book deals with recent policy issues in environmental and resource economics. It consists of two parts, a part on domestic policy issues and a part on international policy issues.

A programming framework for analyzing firms' joint investment and market decisions and reviewing methods for econometric estimation of models. A version of this model that allows for financial constraints is estimated by structural methods, using a plant-level dataset for a sample of US firms.

With the abolition of exchange rates the role of wage formation in the European Monetary Union changes fundamentally and national economic policy in particular fiscal policy faces new restrictions. To achieve a convergence of economic developments wage finding has to follow in all EMU member countries basically the same rules.

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.