The usual belief is that the China's state enterprise reform with contract management responsibility system has led state-owned enterprises to maximize profit. Nonetheless the poor performance of state-owned enterprises after the reform relative to other forms of enterprises remains a puzzle. As...

This paper investigates circumstances where a region loses its technological leadership after some major technological breakthrough. Input-output linkages between firms in a Cournot upstream industry and a perfectly competitive downstream industry create forces for agglomeration in particular...

The purpose of this paper is to analyse how trade liberalisation affects location decisions of firms in vertically linked industries with different factor intensities. Firms can choose to locate either in a low wage, labour abundant, country or a low rental, capital abundant, country. We derive...

While the enterprise reform in China has provided incentives to its state-owned enterprises (SOEs), their poor performance relative to other forms of enterprises remains puzzling. This paper provides an answer to this puzzle by studying optimal managerial decisions under the enterprise reform.

While the enterprise reform in China has provided incentives to its state-owned enterprises (SOEs), their poor performance relative to other forms of enterprises remains puzzling. This paper provides an answer to this puzzle by studying optimal managerial decisions under the enterprise reform.

The usual belief is that the China's state enterprise reform with contract management responsibility system has led state-owned enterprises to maximize profit. Nonetheless the poor performance of state-owned enterprises after the reform relative to other forms of enterprises remains a puzzle. As...

The purpose of this paper is to analyse how trade liberalisation affects location decisions of firms in vertically linked industries with different factor intensities. Firms can choose to locate either in a low wage, labour abundant, country or a low rental, capital abundant, country. We derive...