All investments and asset classes have different levels of risks and expected returns. For example, low risk investments such as cash generally provide a lower return than high risk investments over the long term, but are unlikely to lead to a capital loss. High risk investments generally offer...

In this paper, using a dynamic panel of 21 OECD countries, we find that, unlike the other OECD countries in the sample, wage setting institutions, competition conditions, public finances, and external imbalances can account for the behavior of the public sector wage premium (WPR) and the...

This paper looks at how trade liberalization and institutional quality influence real income. Previous evidence has provided mixed results, and we find that indicators representing trade liberalization have been very weak. By using strongly balanced panel data of 45 Sub-Saharan African countries...

Universities are emerging growth determinants. This is so as, in addition to the fulfillment of their traditional role in teaching and (basic) research, universities, as aptly described within the helix framework, are expected to engage in regional development processes. The paper aims to detect...

I examine the contribution of institutional breakdowns to long-run development, drawing on Argentina's unique departure from a rich country on the eve of World War I to an underdeveloped one today. The empirical strategy is based on building a counterfactual scenario to examine the path of...

Der Trend zur Projektifizierung von Arbeit und Organisation stellt neue Anforderungen an die Arbeits- und Interessenregulation. Basierend auf zwei am SOFI durchgeführte Studien wird die Kontrahierung der Arbeitsleistung qualifizierter Angestellter in F+E-Projekten der Automobil- und...

The evolving labor market is increasingly competitive and more demanding for most occupations and especially pertinent to health professionals investing many resources to provide excellent care service. However, the nature of the external factors, such as organizational culture and workload,...