The global innovation map is changing. Until a few years ago innovation activities were concentrated in the US, Europe and Japan. Not anymore. The rising powers of China, India and Brazil are encroaching on the innovation stronghold of the old powers. This report explores how deep the change...

This paper examines the phenomenon of accelerated internationalization of firms from the Indian IT industry. It examines the emergence of the Born Global firm in the Indian context with a specific focus on firms which made an acquisition within five years of incorporation. It specifically...

Regional scientists have developed numerous concepts and measures of economic diversity and diversification, primarily motivated by the desire to establish a relationship between diversity and economic performance. Rather than striving for a unified theory with a singular measure, this paper...

Economic integration in Europe has had ambiguous effects on industry concentration. The literature has proposed various explanations of the empirical findings. The present paper provides an additional theoretical argument. We show that in a world of monopolistic competition, integration in it...

In this paper, I examine the relationship between industry concentration and the cross-section of stock returns in the London Stock Exchange between 1985 and 2010. Using Multifactor asset pricing theory, I test whether industry concentration is a new asset pricing factor in addition to...

This paper summarizes reactions to the theory of contestable markets and industry structure. The reactions came immediately after the theory was published. The summary finds that the proposed theory stands on sound grounds. However, empirically the theory leaves much to be desired especially for...

This paper investigates the relationship between bank concentration and the real economy by analyzing the number and average size of firms in manufacturing industries in two samples of countries with differing levels of economic development. We use a panel of 42 countries and 27 manufacturing...

This paper studies how industry specialization, diversification, and churning affect unemployment rates in Chinese cities. Using a city level panel data set from 1997 to 2006, we find that the specialization of wholesale and retail industry can significantly decrease unemployment rate; however,...

There are two basic views of the internet strategy. The traditional one says that the internet is just a new technology a powerful tool but nothing else. There is no reason to rethink the rules of entrepreneurship and strategy. As the technology is new the optimal approaches did not already...

Using Local Labor Systems (LLSs) data, we assess the effect of the local productive structure on the employment growth in Italy during the period 1981-2008. Italy represents an interesting case study because of the high degree of spatial heterogeneity in local labor market performances and of...