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This note is on Korea’s transition to a knowledge-based economy, the prospects and challenges ahead, and the development of its financial sector. Assessment of recent government initiatives to develop capital markets has been presented. The note discusses restrictions on Chaebol ownership...
Persistent link: https://www.econbiz.de/10011243724
We develop a theory of a firm in an incomplete contracts environment which decides on the complexity, the organization, and the global scale of its production process. Specifically, the firm decides i) how many intermediate inputs are simultaneously combined to a final product, ii) if the...
Persistent link: https://www.econbiz.de/10010956712
offshoring are comparable. Finally, while multinationals manage their workforce more flexibly than domestic firms, they have …
Persistent link: https://www.econbiz.de/10009357662
We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and global scale. Specifically, the firm decides i) how thinly it wants to slice its production process by choosing the mass of symmetric intermediate inputs that are...
Persistent link: https://www.econbiz.de/10009278130
We develop a theory of a firm in an environment with incomplete contracts. The firm’s headquarter decides on the complexity, the organization, and the global scale of its production process. Specifically, it decides: i) on the mass of symmetric intermediate inputs that are part of the value...
Persistent link: https://www.econbiz.de/10008693834
A growing strand of literature highlights that skilled migration may favour growth-enhancing technology transfer, trade and foreign direct investments between the source and the host economies of migrants (network effects). We explore a specific channel through which the possible \"diaspora...
Persistent link: https://www.econbiz.de/10004962221
The paper builds a framework for the analysis of research and development (R&D) offshoring and outsourcing that …
Persistent link: https://www.econbiz.de/10005001355
Despite the growing importance of international fragmentation of production, it is still difficult to accurately assess its real size and effect. Several different indicators were proposed over the last decade, but their capacity to provide precise and consistent results is often hindered by the...
Persistent link: https://www.econbiz.de/10005543903
This study analyses the extent and motives of outsourcing and offshoring. We find that in early 2000, 10, 000 23, 000 …
Persistent link: https://www.econbiz.de/10005749330
analytically in a general equilibrium model with heterogeneous firms that a fall in variable offshoring costs boosts trade in … call the export-magnification effect of offshoring. More specifically, lower barriers to offshoring reduce the average … costs of inputs for offshoring firms and allow more firms to source cheap foreign intermediates, which improves firm …
Persistent link: https://www.econbiz.de/10010686849