Chemnitz UT: Faculty of Economics and Business Administration: Professorship of Economics IV - Public Finance: Selected Publications for Teaching

This judicious selection of recent essays demonstrates the applicability of the fundamental principles of Neo-Schumpeterian economics, namely innovation and uncertainty. The authors demonstrate how Neo-Schumpeterian economics is developing into a comprehensive economic theory encompassing industry, the public sector and financial markets. Neo-Schumpeterian economics has become a prolific field with a major orientation towards innovation-driven industrial dynamics. However, a truly comprehensive Neo-Schumpeterian approach argues that innovation is also an important element in both the public and financial sectors. For example, a lack of public infrastructure or speculative bubbles on financial markets can hinder or even prevent economic development. The expert contributions to this book deal with the future orientation of the subject in terms of innovative performance in the industrial, financial and public sectors. "Recent Advances in Neo-Schumpeterian Economics" can be considered a first attempt to substantiate the comprehensive Neo-Schumpeterian approach, of which Horst Hanusch has been a leading proponent. This unique and path-breaking book will be of great interest and value to researchers in the fields of innovation, industrial economics, financial markets and the public sector.

The Handbook of Economics Part 1 offers a comprehensible and modern introduction to economic theory and policies. The idea is to illustrate the basics of political economics that are of special interest to students of undergraduate economic courses. Based on the explanations of fundamental concepts and principles of economics, the second and third parts of the book cover the sections of micro- and macroeconomics. The subject matter is complemented by illustrations and examples and contains a set of current coherences to emphasize important interrelations. The projected Handbook of Economics Part 2 aims for an in-depth analysis of major issues in micro- and macroeconomics and tries to amplify these by further questioning.

This workbook has been designed to help students to develop a practical, operational understanding of the principles and concepts explored in the Handbook of Economics Part 1. According to the handbook, it is divided into three parts 'Basics', 'Microeconomics' and 'Macroeconomics', each of them containing several multiple-choice questions. Solutions to all three parts can be found at the end of the book.

There is a mounting consensus that human behavior is changing the global climate and its consequence could be catastrophic. Reducing the 24 billion metric tons of carbon dioxide emissions from stationary and mobile sources is a gigantic task involving both technological challenges and monumental financial and societal costs.
The pursuit of sustainable energy resources, environment, and economy has become a complex issue of global scale that affects the daily life of every citizen of the world. The present mitigation activities range from energy conservation, carbon-neutral energy conversions, carbon advanced combustion process that produce no greenhouse gases and that enable carbon capture and sequestration, to other advanced technologies. From its causes and impacts to its solutions, the issues surrounding climate change involve multidisciplinary science and technology. This handbook will provide a single source of this information. The book will be divided into the following sections: 'Scientific Evidence of Climate Change and Societal Issues', 'Impacts of Climate Change', 'Energy Conservation', 'Alternative Energies', 'Advanced Combustion', 'Advanced Technologies', and 'Education and Outreach'.

The main challenges the European Single Market is facing in the 21st century result from the enlargement to Central and Eastern Europe, the EMU, and the globalization of trade and investment that has aided the rise of competitive emerging markets. This state-of-the-art book provides fresh theoretical and empirical evidence on the challenges presented by integration and globalization for both developed and developing countries. The authors demonstrate how the European Single Market remains a work in progress with many critical issues still to be addressed. These include the rigidities in product and labor markets, the need for innovation and quality upgrading, and the rapid catch-up of new member countries. They go on to show how firms use the opportunities provided by integration and globalization to fragment their production processes internationally, which brings gains but also requires structural adjustment. The book also argues that global environmental coordination may be less detrimental to the growth prospects of developing countries than is commonly believed. Illustrating a number of methodologies, this book will be a great resource tool for postgraduates and undergraduates in the fields of international economics and business, as well as researchers and policy-makers.

The Association Agreement between Jordan and the EU entered into force in 2002. It is part of the Euro-Mediterranean Partnership, a process of economic and political integration involving the EU and countries in the MENA region. This books analyses the impacts on the Jordanian economy of the free-trade agreement with the EU, with emphasis on welfare and income distribution. The effects of trade liberalisation are assessed together with parallel and complementary economic reforms, aiming at countacting the fall in government revenue due to the reduction in the import duty rates. In order to capture the economic interactions and the intertemporal effects, the analyis is conducted by using a dynamic CGE model. The approach used in this work is the first one analysing income distribution in a CGE framework in which heterogeneous households are assumed to have different discount rates. The simulation results show that, although the free-trade arrangement with the EU affects positively aggregate welfare in Jordan, it also has different effects on Jordanian heterogenous households and it causes increasing income disparity. This work hopes therefore to provide both theoretical insights and useful policy implications.