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The starting point of this article is the paradigm shift in cultural policy from the arts to the broader view of the creative industries that has taken place in many countries, in the European Union and in UN agencies. The emphasis on creative industries as a source of economic growth has highlighted the role of creativity and of copyright as an incentive for it. Little is known, however, about the...
This article studies the explanatory power of intangible factors – such as country stereotypes and consumer perceptions – for the size of foreign direct investment (FDI) flows, controlling for fundamental variables. To operationalize the concept of these intangibles we use the idea of the ‘nation brand’. Nation brands are strongly related to the idea of ‘country‐of‐origin’ biases for both industrial...
Sport‐related violence is widespread. Yet, there is a poor understanding of what factors trigger hooligans to become unruly. In this paper I test the so called frustration‐aggression hypothesis, which holds that thwarted expectations from a reference point tend to lead to violent behavior. I use unique data on hooligan violence in Sweden. I find that frustration, generated by a team's bad performance,...
The phenomenal increase in mergers and acquisitions (M&As) activities brought a widespread adoption of merger control laws throughout the world, including both developed and developing countries. Governments throughout the world, however, responded differently towards the regulation of M&A activities by adopting and enforcing merger control regimes with a varying degree of stringency. This...
This paper empirically analyzes whether large governments in Europe reflect efficient responses to a changing social and economic environment (‘welfare economic view’) as opposed to wasteful spending (‘public choice view’). To this end, the effect of government size on subjective well‐being is estimated in a combined survey and country‐level dataset covering 153,268 respondents from twelve EU countries...
Studies investigating the determinants of happiness show that unemployment causes high distress for most affected persons. Researchers conclude that the amount of this disutility demonstrates the involuntariness of unemployment. This paper applies the happiness research approach to German panel data in order to revive the underlying economic question of whether unemployment is voluntary or involuntary...
Merging the impacts of interest groups on economic growth with governments' interest in unemployment and inflation, there should be a link between political business cycles and interest group formation. Interpreting Olson's Law in a short‐run perspective and integrating it with political business cycles, this contribution examines the link. We illustrate how such a model could look like, before investigating...
Criminal activity acts like a tax on the entire economy: it discourages domestic and foreign direct investments, it reduces firms' competitiveness, and reallocates resources creating uncertainty and inefficiency. Although the impact of economic variables on crime has been widely investigated, there is not much concern about crime also affecting the overall economic performance. This work aims to bridge...
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