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Globalization is one of the buzz-words in the 1990s. It points to a world in which geographic location becomes increasingly irrelevant, a vision that has aroused both hopes and fears. Surprisingly, globalization is accompanied by increasing regionalization. This volume is a timely contribution to the debate on globalization and regionalism. Coming from several disciplines, its contributors explore the consequences of a world with no geographical barriers. Refuting simple notions of globalization, they argue that location and space will remain important dimensions of economic and social development. In view of this, the book develops a more balanced view of the tension between globalization and regionalism.
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This book consists of four parts: I. Labour demand and supply, II. Productivity slowdown and innovative activity, III. Disequilibrium and business cycle analysis, and IV. Time series analysis of output and employment. It presents a fine selection of articles in the growing field ofthe empirical analysis of output and employment fluctuations with applications in a micro-econometric or a time-series framework. The time-series literature recently has emphasized the careful testing for stationarity and nonlinearity in the data, and the importance of cointegration theory. An essential part of the papers make use of parametric and non-parametric methods developed in this literature and mostly connect their results to the hysteresis discussion about the existence of fragile equilibria. A second set of macro approaches use the disequilibrium framework that has found so much interest in Europe in recent years. The other papers use newly developed methods for microdata,especially qualitative data or limited dependent variables to study microeconomic models of behaviour that explain labour market and output decisions.
This authoritative new introductory text covers the key concepts, theories and issues involved in the study of comparative politics. Focusing on democratic government, it covers all important topics in the field from constitutional design and institutions; through mass and elite politics, groups, parties, the media and governments; to policy making and implementation. The final chapter considers the future of the state and democracy in a globalising world. The authors draw on experiences and examples from around the world, and the book includes extensive supporting apparatus for students and teachers, including briefings, fact files, key terms, guides to further reading, and related websites. Each chapter ends with a section dealing with the major theoretical approaches to the subject. The aim is to give students a clear and comprehensive account of democratic politics and government at the start of the twenty first century.
This book presents modern developments in time series econometrics that are applied to macroeconomic and financial time series, bridging the gap between methods and realistic applications. It presents the most important approaches to the analysis of time series, which may be stationary or nonstationary. Modelling and forecasting univariate time series is the starting point. For multiple stationary time series, Granger causality tests and vector autogressive models are presented. As the modelling of nonstationary uni- or multivariate time series is most important for real applied work, unit root and cointegration analysis as well as vector error correction models are a central topic. Tools for analysing nonstationary data are then transferred to the panel framework. Modelling the (multivariate) volatility of financial time series with autogressive conditional heteroskedastic models is also treated.
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Criminal law as public law 1: context -- Criminal law as public law 2: structure -- Criminal law as public law 3: content -- Mass incarceration and the theory of punishment -- Criminal law in the age of the administrative state -- Formalism and pragmatism in criminal procedure -- Responsibility without resentment
This book provides an empirical and theoretical examination of the short- and medium run impacts of technological advances on the employment and wages of workers which differ in their earned educational degree. Furthermore, by introducing labor market frictions and wage setting institutions the author shows the importance of such imperfections in order to replicate empirical facts.
America's approach to terrorism has focused on traditional national security methods, under the assumption that terrorism's roots are foreign and the solution to greater security lies in conventional practices. Europe offers a different model, with its response to internal terrorism relying on police procedures. Managing Ethnic Diversity after 9/11 compares these two strategies and considers that both may have engendered greater radicalization--and a greater chance of home-grown terrorism. Essays address how transatlantic countries, including the United Kingdom, the United States, France, Germany, Spain, Italy, and the Netherlands have integrated ethnic minorities, especially Arabs and Muslims, since 9/11. Discussing the "securitization of integration," contributors argue that the neglect of civil integration has challenged the rights of these minorities and has made greater security more remote.
In recent years, the integration of goods, capital and financial markets has progressed on a global scale. The 66th annual meeting of the Association of German Economics Research Institutes (ARGE) focused on the question of national macroeconomic policies in an environment of increasingly interdependent business cycles.In the first paper of the volume, Koll gives a general introduction to the history of business cycles co-movement. Koll also highlights the responsibility of national governments as global players.The first section deals with the evolution of business cycle synchronization. Flaig, Sturm and Woitek conclude that, while the oil shocks of the 70s induced strong co-movements in bu...