Accession countries, faced with the same challenge of joining the EU while still characterised by their own distinct level of socio-economic development, set of institutions, culture and norms, can benefit significantly from conducting foresight programmes. Yet, foresight should not be conducted...

This study attempted to identify how regional integration and spatial enlargement would affect firms’ strategic decisions from the outside of an integrated region. By analyzing data sets between 2000 and 2007 utilizing the gravity model, this study examined the specific properties of Korean...

A strict local martingale is a local martingale that is not a martingale. We investigate how such a process might arise from a true martingale as a result of an enlargement of the filtration and a change of measure. We study and implement a particular type of enlargement, initial expansion of...