
Internetwirtschaft 2010
Paul J. J. Welfens, Peter Zoche, Andre Jungmittag
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by Paul J. J. Welfens, John T. Addison
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Economic development has cyclical dynamics and long-term dynamics - the latter are typically related to demographical changes, innovation and long-term insti- tional changes in open economies. Financial markets - that means mainly capital markets - and labor markets are affected in OECD countries both by innovations and institutional reforms.
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