Firm heterogeneity explains the productivity driven selection mechanism that determines aggregate productivity growth within industries. This paper empirically demonstrates that ICT has a robust impact on firm heterogeneity only when ICT is used intensively and jointly with specific ICT...

Firm heterogeneity explains the productivity driven selection mechanism that determines aggregate productivity growth within industries. This paper empirically demonstrates that ICT has a robust impact on firm heterogeneity only when ICT is used intensively and jointly with specific ICT...

Intro -- Contents -- Preface -- 1 Building Competitiveness: A Roadmap and Policy Guide -- 2 Foreign Direct Investment and Competitiveness -- 3 Corporate Governance, Corporate Performance, and Investor Confidence in East Asia -- 4 Competition Policy, Economic Adjustment, and Competitiveness -- 5...

We present a non-technical account of ambiguity in strategic games and show how it may be applied to economics and social sciences. Optimistic and pessimistic responses to ambiguity are formally modelled. We show that pessimism has the effect of increasing (decreasing) equilibrium prices under...