Suchergebnisse

It is often argued that countries with a high population share of children and young workers should attract large capital inflows from aging industrialized economies. However, many of these countries deter foreign investors by a high risk of creeping or outright expropriation. In this paper we explore whether the correlation between countries' demographic structure and the perceived security of property rights reflects a causal relationship. We show that, in low-income countries, the ratio of young to old workers has a positive effect on the perceived security of property rights if the political system is sufficiently democratic. By contrast, this relationship cannot be observed in middle income countries. [Copyright Elsevier B.V.]

It is often argued that countries with a high population share of children and young workers should attract large capital inflows from aging industrialized economies. However, many of these countries deter foreign investors by a high risk of creeping or outright expropriation. In this paper we explore whether the correlation between countries' demographic structure and the perceived security of property rights reflects a causal relationship. We show that, once we control for other potential determinants of expropriation risk, the ratio of young to old workers has a positive effect on the perceived security of property rights in low-income countries. This effect is the stronger the more democratic the political system. ; Es wird häufig argumentiert, dass die internationalen Unterschiede zwischen den demografischen Strukturen Anreize für Kapitalmobilität aus alternden und kapitalreichen Industrieländern in Entwicklungs- und Schwellenländer mit einer wachsenden Arbeitsbevölkerung schaffen. Allerdings werden diese Anreize in vielen gering entwickelten Regionen durch ein hohes Risiko direkter und indirekter Enteignung verzerrt. Im vorliegenden Beitrag wird untersucht, ob zwischen den demografischen Strukturen und dem geringen Schutz von Eigentumsrechten ein Kausalzusammenhang besteht. Entgegen der Korrelation zeigen die Ergebnisse der empirischen Analyse, dass es einen positiven Einfluss eines höheren Bevölkerungsanteils junger Individuen auf die Sicherheit der Eigentumsrechte ausländischer Investoren in Entwicklungsländern gibt. Dieser Effekt zeigt sich umso stärker je demokratischer das politische System eines Landes ist.

It is often argued that capital should flow from aging industrialized economies to countries with fast-growing populations. However, institutional failures and the risk of expropriation substantially reduce developing economies' attractiveness for foreign investors. We analyze the influence of a country's demographic structure on international investment, using a political-economy model in which population growth potentially affects the risk of expropriation. We first explore how redistributive expropriation affects the welfare of different age groups and derive the government's incentive to expropriate. We then analyze how the relative size of different generations influences the feasible volume of foreign investment.

Die vertragsärztliche Zulassung ist höchstpersönlich und daher nicht handelbar. Doch ist dieser Grundsatz im Hinblick auf den praktischen Umgang mit der Zulassung noch haltbar? Philipp Kaiser untersucht das Konzessionshandelsverbot im Licht der erodierenden Freiberuflichkeit des Arztes.

Between 1848 and 1914, around 5,800 Swiss Mercenaries enlisted in the Dutch Colonial Army (KNIL) to fight in the Dutch East Indies, now modern-day Indonesia. This book traces the paths of these mercenaries beyond the boundaries of the Dutch Empire, shedding light on the intricacies of nineteenth-century military labour markets. It delves deep into their social backgrounds, motivations, intimate relationships, and their role in the violent expansion of the colonial empire. In doing so, it unveils the profound impacts of Dutch colonialism, not only on the colonies themselves but also on the social, economic, and cultural landscape of the European hinterland.