While economic studies assume that labor markets are in equilibrium, there may be specialized labor markets likely in disequilibrium. We develop a new methodology to improve the estimation of a reduced form disequilibrium model from the existing models by incorporating survey-based shortage...

As an extensive of the export-led growth of national economy overseas, direct investment by Korean multinationals has been rapidly increased. This article explores the development of the overseas manufacturing direct investment by Korean firms and the relationship between parent firms and...