The question "Does the monetary model explain the exchange rate movement?" is re-examined. Using the simple monetary model, whether or not the exchange rates are cointegrated with the monetary model is tested. With data from seven countries during the recent float period, the panel approach...

This study investigates the relationship between stock price and earnings-per-share using Korean stock market data. The nonstationarity of the data has been managed. In particular, recently developed panel cointegration techniques are used, which are known to be more powerful than individual...

type="main" <p>Using Korean firm-level data, this paper studies the effects of knowledge spillovers on knowledge production and productivity growth. Data from 213 Korean firms for the years 1985 to 2007 are used, and the number of patent applications is used as a proxy variable for knowledge. The...</p>

This illuminating book broadly addresses the emerging field of "diversity of capitalism" from a comparative institutional approach. It explores the varied patterns for achieving coordination in different economic systems, applying them specifically to China, Japan and South Korea. These...

This paper is about (research) alliances among companies as a strategy to overcome Japan's weakness in basic R&D. New biotechnology is selected as an interesting case in point. Does co-operation in the field of biotechnology primarily aim at gaining access to scientific resources and commercial...