This paper shows that globalization increases (decreases) the growth rate if and only if the beachhead cost for the domestic market is strictly higher (lower) than that for the foreign market in a endogenous growth model with firm heterogeneity, international trade, and endogenous international...

Not unlike many European societies in the 1970s and 1980s, Japan went through a rapid process of postindustrialization in the 1990s and 2000s. Whilst the implications were wide-ranging, young (would-be) labour market entrants were among the most affected groups: youth unemployment more than...

This paper assesses the effectiveness of unonventional monetary policy on the macro ecnomy. It focuses on the Japanese economy during the Bank of Japan's quantitative easing policy period, and analyzes the effects of monetary policy shocks and systematic monetary policy using the vector...

This study examines aspects of the accounting and financial history of the South Manchuria Railway Company (SMR) from its formation in 1907. In particular we focus on the 1930s, a period in which the activities of the SMR became increasingly dominated by the demands of the Kwantung Army which...

International strategic mergers and acquisitions (M&As) by emerging market multinationals (EMMs) are rapidly gaining importance. Whereas multinational firms from developed countries mostly invest abroad to leverage their existing assets, EMMs tend to seek strategic assets when investing in other...

In this paper we discuss liquid crystal displays as an example of "complex goods," or products composed of multiple constituent elements, in order to elucidate the linkages between science and technology. Exploratory analysis of bibliographic information from patents reveals two primary...

Knowledge is the preeminent resource of a firm. Although many scholars have focused on the firm's knowledge base, few studies have examined the effects of the knowledge base structure—how knowledge elements are linked or separated from each other in clusters—on firm's knowledge-related...

We investigate whether corruption “greases the wheels” of bureaucracies and enhances economic performance. Specifically, we examine the interaction effect of corruption and regulation on the economic performance of manufacturing industries in India. Our estimation results show that the...

I was in charge of participating to the conference related to the United Nations Conference on Trade and Development (UNCTAD) as a mission of the ministry of foreign affairs in the second half of 1980's. At that time, the UNCTAD played a central role on the economic problems of the developing...

The flow of foreign direct investment (FDI) has the effect of shifting trade patterns, especially those of developing countries. With FDI flow growth, vertical intra-industry trade increases as those production-fragmentation-led investments mature. This relation is readily apparent in the...