This paper uses the adoption and invention of the spinning jenny as a test case to understandwhy the industrial revolution occurred in Britain in the eighteenth century rather than inFrance or India. It is shown that wages were much higher relative to capital prices in Britainthan in other...

This paper examines the questions of whether and how feudal rulers were able tocredibly commit to preserving monetary stability, and of which consequences theirdecisions had for the efficiency of financial markets. The study reveals that princes were usually only able to commit to issuing a...

In order to understand inefficient institutions, one needs to understand what mightcause the breakdown of a political version of the Coase Theorem. This paper considersan environment populated by ex-ante identical agents and develops a model of powerand distribution where institutions (the...

The aim of the paper is to study the relation between the demand for human rights and foreconomic prosperity. It analyzes the demand not, as it is often done in the literature, from the“voice” perspective (political activity), but rather looks at the “exit” perspective...

We analyze the role of risk-sharing institutions in transitions to modern economies.Transitions requires individual-level risk-taking in pursuing productivity-enhancing activitiesincluding using and developing new knowledge. Individual-level, idiosyncratic risk implies thatdistinct risk-sharing...

How does technological progress in financial intermediation affect the economy? To address this questiona costly-state verification framework is embedded into a standard growth model. In particular, financialintermediaries can invest resources to monitor the returns earned by firms. The...

We construct and estimate a unified model combining three of the main sources of cross-country income disparities:[...]

Website der deutschen Tageszeitung "Die Welt". [Redaktion EconBiz]Das kostenfreie Archiv von WELT online beinhaltet alle Artikel, die seit Mai 1995 in der Internetausgabe der WELT erschienen sind. Das kostenfreie E-Paper-Archiv enthält alle Ausgaben von Die Welt und Die Welt am Sonntag seit...

Veröffentlichungen zu den Themen: Umweltproduktivität, Umweltnutzung der privaten Haushalte, Material- und Energieflüsse, Flächennutzung, Umweltschutzmaßnahmen, Verkehr und Umwelt, Landwirtschaft und Umwelt, Waldgesamtrechnung, UGR und Nachhaltigkeit.

Vorliegende Dissertation vergleicht die Rechenlegung von Deutschland und Finnland.