The key role of information technologies (IT) for productivity and growth is meanwhile undisputed. As so-called 'general purpose technologies' they enable product as well as process innovation which in turn may…

• Cautious Economic Outlook for Central and Eastern Europe
• Czech Republic, Poland, and Slovakia: Appreciation of Koruna and Zloty
• Croatia, Hungary, and Romania: Weak Economic Outlook for Romania
• Special Question:…

This paper examines how providing potential donors with information about the revenues of a charity affects charitable contributions. When individuals make a real-life donation decision, they usually do not have…

This paper analyzes long-run co-movements between 14 international real estate stock markets and between three economic and geographic regions based on bivariate and multivariate tests for cointegration. While…

The empirical literature documents a substantial and rising amount of labor income risk, in particular, employment risk. In most countries, the government provides insurance against this type of risk through the…

Main Results of the Survey:

• CO2 Abatement Gaining Ground
• Emission Rights Trading: Only Used by Half the Companies
• Significant Price Increases Not Expected Until the Third Trading Period
• Carbon Management: Deficits…

This paper analyzes the efficiency of shareholder control and hostile takeovers as corporate governance mechanisms in the EU banking sector against the background of the existing corporate governance regulations…