Foreign-owned firms are frequently viewed as an important source of new capital, access to world markets and employment generation and there exist numerous studies on the determinants of FDI flows and the role of incentives designed to attract FDI. Similarly important for economic growth are...

We use large survey data sets of firms provided by the World Bank for China, India, and Brazil—Investment Climate Surveys—to address the important question: what determines the locational choice of firms among cities in these countries. We find that capital cities in all countries are...

This paper seeks to understand the importance of changes in the fundamental factors of demand and supply, such as the urban hukou population, wage income, urban land supply, and construction costs, in explaining the rising residential housing prices in major Chinese cities between 2002 and 2008....

This paper provides an overview of the evolution of macroeconomic thought from 1936, the year John Maynard Keynes published his general theory of employment, interest and money to the year 2010. It explores the reasons for the extension of the business cycle during the postwar period. The paper...

The degree and the way of upgrading differ widely per industry. This article tries to give some new insights in these differences by linking the concept of upgrading to that of the knowledge base. Moreover, we try to identify barriers to upgrading as well as the appropriate spatial scale on...

This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...

This paper relates to economic change in India since 1991, and evaluates oneaspect of it, using China as a benchmark. Given the significance of industrial growth inIndia and China, their relevance for the global economy, and the important role played byprivate firms and urban areas in these...

This paper examines the impact of economic and development zones (EDZs) on the productivity of incumbent firms in China. To deal with the selection issue, I first take into account potentially different selection mechanisms across two popular types of EDZs – economic and technological...

This paper examines the agglomeration effects of multinational firms on the location decisions of first-time Japanese manufacturing investors in China for the period 1995–2007. This is accomplished by exploiting newly constructed measures of inter-firm backward and forward linkages formed in a...

This paper evaluates the causal relationship between economic and development zones (EDZs) and the productivity of a large sample of incumbent firms in China. I take into account possible different selection mechanisms across two popular types of EDZs – economic and technological development...