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...

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...

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...

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....

It is systemic to expound how that the speculative behaviors are driven by the number of a series housing policies promulgated by China's government for the real estate market. The market is resulted in full of speculative behaviors, and has been booming since the beginning of this decade, even...

This paper studies the impact of UNESCO World Heritage List (WHL) inscription on income and property values in the Italian municipalities that had their sites inscribed during the past two decades. To address the selection bias and identify the causal impact of inscription, we focus on sites...