In the process of China's foreign exchange reform, the so-called swap market was a key element. Despite the problems it caused, notably those associated with a dual exchange rate, the paper argues that the swap market proved to be a useful transition mechanism for China's foreign exchange...

We study the evolution of sectoral employment and labor cost in eleven European countries in the last two decades. Our statistical approach consists in decomposing for country, industry and temporal effects. Virtual economies are constructed by filtering country effects. We find that sectoral...

This paper uses newspaper articles to construct an account of the meteoric rise and eventual fall from grace of Takafumi Horie, a Japanese Internet entrepreneur. This trajectory is explored through a qualitative methodology that analyses the content of articles in international newspapers...

The global financial crisis of summer 2008 rocked markets throughout the world. Evidence of its impact on the urban working poor is only just emerging but is likely to be profound. The paper challenges the accepted argument that globalization and economic growth is good for poverty reduction,...

Using evidence from Cusco, Peru, the paper examines the effects of the planned displacement of informal traders from city-centre streets. Although more than 3500 traders were relocated to new off-centre markets, the research identifies the emergence of `unplanned' alternative city-centre...

This paper examines the influence of alternative population distribution models on GIS-based spatial accessibility analyses using the two-step Floating Catchment Analysis technique. Two population models were tested: the de facto standard of even-distribution within census tracts and a...

Road transport imposes negative externalities on society. These externalities include environmental and road damage, accidents, congestion, and oil dependence. The cost of these externalities to society is in general not reflected in the current market prices in the road transport sector. An...

It is increasingly understood that learning and thus innovation often occurs via highly interactive, iterative, network-based processes. Simultaneously, economic development policy is increasingly focused on small and medium-sized enterprises (SMEs) as a means of generating growth, creating a...

The laws, policies, customary practices and other institutions that govern a country's land development and the pattern of its spatial economy are constantly evolving. They change at the margin and by catastrophe; involving major land reform, minor statutes, economic crises, and gradual shifts in...

State-sponsored research and development: a case study of China's biotechnology, Regional Studies. This paper examines the model of China's biotechnology innovation. It applies the typology of entrepreneurial, partnership, and developmental state to the Chinese biotechnology sector....