1. Introduction / Robert Taylor -- Part I: overall overview -- 2. Emerging Asian economies and MNC strategies: a review of the literature / Bernadette Andreosso-O'Callaghan -- 3. Regional production networks in Asia - a focus on china, japan and korea / Françoise Nicolas -- 4. Selected Asian...

Agglomerationen technologieintensiver Aktivitäten prägen nicht nur hochentwickelte Industriestaaten, sondern wachsen auch in Newly Industrialized Countries. Doch stellt sich angesichts ihrer anderen Bedingungen der technologiebasierten Industrialisierung die Frage: Inwieweit können sie...

This paper aims to shed light on firm specific drivers that lead firms to internationalise their innovation activities. The paper draws a comprehensive picture of driving forces by including firm capabilities, characteristics of the firm’s competitive environment and the influence of...

In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and rankings by applying a range of measurement...

Against the background of the rapid integration of emerging Asia into the global economy, this paper investigates the role of domestic and external factors in driving individual emerging economies in Asia. We estimate VAR models for ten countries over the period 1979Q1- 2003Q4, controlling for...

Since the late-1990s, the global economy is characterised by historically low risk premia and an unprecedented widening of external imbalances. This paper explores to what extent these two global trends can be understood as a reaction to three structural shocks in different regions of the global...

We analytically derive optimal central bank portfolios in a minimum variance framework with two assets and "transaction demands" caused by sudden stops in capital inflows. In this model, the transaction demands become less important relative to traditional portfolio objectives as debt to reserve...