Showing 1 - 10 of 147
We estimate the effect on economic development of China's industrial policy, in particular, the establishment of …
Persistent link: https://www.econbiz.de/10011084232
China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look … ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper … analyses China’s institution - a regionally decentralized authoritarian system. The central government has control over …
Persistent link: https://www.econbiz.de/10008468688
The majority of enterprises in China are controlled by local governments at the provincial, city, county, township and … lower-level governments of townships and villages in China. …
Persistent link: https://www.econbiz.de/10005124311
federal centre. The theory is supported by the recent experience of Russia, China, and Argentina. …
Persistent link: https://www.econbiz.de/10005792438
, starting with China. Rather, the issue should be on how to design and govern sectoral policies in order to make them more …
Persistent link: https://www.econbiz.de/10009359485
This paper examines the rationale for multilateral agreements to limit investment subsidies. The welfare ranking of symmetric multilateral subsidy games is shown to depend on whether or not investment levels are "friendly", raising rival profits in total, and/or strategic complements, raising...
Persistent link: https://www.econbiz.de/10005662067
The outcome of technological competition between firms (or countries) depends on the resolution of two forces: the profit incentive and the competitive threat. This is illustrated using a simple duopoly model. This model is then used to analyze two policy issues: subsidizing R & D and...
Persistent link: https://www.econbiz.de/10005662122
This Paper describes and analyses the evolution of industrial competitiveness in Sweden and Finland in a long-term perspective. One part of the Paper looks at the foundations for industrial take-off in Sweden, with some focus on the development of institutions for the creation and dissemination...
Persistent link: https://www.econbiz.de/10005666460
Empirical evidence strongly suggests that R&D increases a firm’s ‘absorptive capacity’ (its ability to absorb spillovers from other firms) as well as contributing directly to profitability. We explore the theoretical implications of this. We specify a general model of the absorptive...
Persistent link: https://www.econbiz.de/10005789040
We evaluate the social welfare loss (WL) that arises in an oligopolistic industry under technological competition and product differentiation. The main novelty of our approach concerns the decomposition of the WL into `dynamic' losses (from too little cost reduction and an inappropriate number...
Persistent link: https://www.econbiz.de/10005791632