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We test the menu cost model of Ball and Mankiw (1994, 1995), which implies that the impact of price dispersion on inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random crosssection sample split when calculating the moments of the...
Persistent link: https://www.econbiz.de/10011390613
Since 1997 the Hong Kong (HK) government has markedly changed its role from being a mere institution provider to being an active innovation promoter. As such, it has actively implemented innovation policies that focus especially on creating new funding opportunities and establishing several R&D...
Persistent link: https://www.econbiz.de/10010263517
This paper analyses academia-industry linkages of the Hong Kong (HK) electronics small- and medium-sized enterprises (SMEs) and investigates the role of active innovation policies in this regard. It uses data collected from a questionnaire survey in HK, focusing on three main academia-industry...
Persistent link: https://www.econbiz.de/10010275672
This study focuses on how cross-cultural synergy and friction emerge in Finno-Sinic management communication, decision-making and organisation empowerment. The paper is based on a qualitative methodology and in-depth interviews with Finnish and Chinese subjects in Finnish companies in Hong Kong....
Persistent link: https://www.econbiz.de/10010285084
In this paper we take up a model of Okada (1996) to describe the possibility of collective cooperation in a n-person Prisoner's Dilemma game by means of institutional arrangements. In addition, we introduce the possibility to corrupt the institutional authority by paying him some positive...
Persistent link: https://www.econbiz.de/10010291754
For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs … reduces corruption. …
Persistent link: https://www.econbiz.de/10010291803
The paper explores a game-theoreticmodel of petty corruption involving a sequence of entrepreneurs and a track of …
Persistent link: https://www.econbiz.de/10010292052
This paper analyzes the existing relationship between economic growth and the monitoring of corruption and examines the … possible outcome of the implementation of a State reform in order to weed out corruption. Growth is always higher when … monitoring is high and therefore corruption eradicated. But growth declines when monitoring against corruption is not too high …
Persistent link: https://www.econbiz.de/10010293997
This paper analyses how tax morale and countries’ institutional quality affect the shadow economy, controlling in a multivariate analysis for a variety of potential factors. The literature strongly emphasizes the quantitative importance of these factors to understand the level and changes of...
Persistent link: https://www.econbiz.de/10010294508
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …
Persistent link: https://www.econbiz.de/10010294540