The capacity of developing economies to narrow the gap in living standards with the OECD nations depends critically on their ability to imitate and innovate new technologies. Toward this end, developing economies have access to three avenues of technological advance: technology transfer,...

This paper uses a survey of 1,826 firms distributed over ten East Asian metropolitan areas – Jakarta, Kuala Lumpur, Manila, Seoul, and five Chinese cities – to investigate the sources of firm-level R&D capabilities. The analysis identifies the impact of 23 survey variables, classified by...

During the 1980s, the restructuring of Chinese industry was driven principally by the entry of new enterprises into the enterprise system and by the restructuring of managerial incentives. In 1993, China’s leadership formally inaugurated the shareholding experiment. This paper examines the...

This paper characterizes a key feature of the classic socialist economy and state-owned enterprise, namely that of missing markets in labor quality. Under the socialist regime in which students and workers were assigned to work units, the rights of managers to monitor and reward workers were...

The paper introduces about the rural surplus labor transfer. According to the paper, the transfer of rural surplus labor in China presents such fundamental characteristics as randomness and non-thoroughness, scope and field constraint, and hysteretic nature of employment and industrial structure...

This dissertation consists of four essays on pricing fixed income derivatives and risk management. The first essay presents pricing and duration formulas for floating rate bonds and interest rate swaps with embedded options. It combines Briys et al.'s approximation with the extended Vasicek term...

In the signal detection paradigm, the non-parametric index of sensitivity A ′, as first introduced by Pollack and Norman (1964), is a popular alternative to the more traditional d ′ measure of sensitivity. Smith (1995) clarified a confusion about the interpretation of A ′ in relation to...