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This paper explores the effect of a potential joint-venture breakup on the level of technology transfer in a set-up with exploration-exploitation trade-offs in the presence of time compression costs. We consider a joint-venture relationship between a technologically advanced multinational firm...
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We develop an endogenous growth model to study the long run consequences of offshoring with firm heterogeneity and incomplete contracts. In so doing, we model offshoring as the geographical fragmentation of a firm's production chain between a home upstream division and a foreign downstream one....
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financially than the Chinese economy, but China seems to be catching up with India in the wake of the global financial crisis … Chinese money markets, in contrast to the consensus projection that China is likely to experience net private capital outflows …
Persistent link: https://www.econbiz.de/10010402814
competitiveness in the region. The purpose of this paper is to examine the patterns of U.S. trade relationships with China and India … pattern of trade in services as well as the more traditional focus on goods trade. -- China ; India ; United States ; trade …
Persistent link: https://www.econbiz.de/10003746298
The comparison of the key features of trade integration processes and the economic outcomes in China and India reveals … manufacturing trade, have gone further and that this is likely one of the key determinants of better economic performance of China …. Still, China’s integration process so far remains characterized by a certain duality. On the one hand the opening up of …
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This paper analyzes the independence of boards of directors as an optimally chosen, non-contractible behavior. A board behaves loyally to a CEO when it agrees to a negative NPV-pro ject, giving the CEO private benefits. While the CEO benefitsfrom competent directors because they help him make...
Persistent link: https://www.econbiz.de/10005858055